Deweyville, Texas Property Taxes
The median property tax rate in Deweyville, TX is 1.03%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Deweyville at $38,863, the typical annual property tax bill is $205, significantly below the national median of $2,690. Property taxes in Deweyville are calculated based on the tax assessed value, which often falls below market value due to exemptions such as primary residence and agricultural exemptions. Understanding Deweyville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Deweyville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Deweyville, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$400
$370
Ownwell’s Deweyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deweyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deweyville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Newton County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Deweyville, Texas
Property taxes in Deweyville, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deweyville is 1.03%, which is higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Deweyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deweyville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Deweyville's effective property tax rate to other counties in Texas and the national median. For comparison, the 77614 zip code has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Deweyville provides valuable insights into the varying tax landscape across Newton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Deweyville Tax Rate
1.03%
Average Newton County Tax Rate
0.66%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deweyville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77614 | 0.11% | 0.56% | 1.03% | 1.78% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Deweyville, Texas
In Deweyville, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Newton County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Deweyville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the zip code 77614 has both the highest and lowest median tax bill at $205. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Deweyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Deweyville Assessed Value
$38,863
Average Newton County Assessed Value
$54,464
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deweyville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77614 | $5,250 | $10,519 | $38,863 | $85,434 | $137,543 |
Source: Ownwell
Property Tax Bills Across Deweyville, Texas
In Deweyville, Newton County, TX, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessment process determines a property's market value, which then informs the tax bill. For homeowners in Deweyville, the median home price is $38,863. Property taxes are influenced by various factors, including the property's assessed value and the tax rate set by local authorities. Homeowners in Deweyville experience a range of property tax bills. The 25th percentile tax bill is $89, while the 75th percentile tax bill rises to $723, and the 90th percentile tax bill reaches $1,527. These figures illustrate the variability in tax burdens depending on property values and specific circumstances. Notably, the highest median tax bill in the area is $205, which aligns with the lowest median tax bill, both occurring in the 77614 zip code. Compared to the national median property tax rate of 0.99%, Deweyville's rates offer a unique perspective on local tax obligations and their impact on homeowners.
Average Deweyville Tax Bill
$205
Average Newton County Tax Bill
$251
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Deweyville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77614 | $30 | $89 | $205 | $723 | $1,527 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Newton Appraisal District | |
| Website | propaccess.trueautomation.com |