Dyess Afb, Texas Property Taxes
The median property tax rate in Dyess AFB, Texas is 1.58%, which is higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With a median home value of $28,266 in Dyess AFB, the typical annual property tax bill amounts to $422, significantly lower than the national median of $2,690. Property taxes in Dyess AFB are calculated based on the tax assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Gaining a thorough understanding of Dyess AFB's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in Dyess AFB or another part of Shackelford County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Dyess Afb, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$447
$413
Ownwell’s DYESS AFB Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DYESS AFB with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DYESS AFB 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Dyess Afb, Texas
Property taxes in Dyess AFB, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dyess AFB is 1.58%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Dyess AFB set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dyess AFB 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 Dyess AFB's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 79607 has both the highest and lowest median property tax rate of 1.58%. Understanding how these cities compare with Dyess AFB provides valuable insights into the varying tax landscape across Shackelford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dyess Afb Tax Rate
1.58%
Average Shackelford County Tax Rate
1.95%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dyess Afb, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79607 | 1.42% | 1.48% | 1.58% | 1.68% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Dyess Afb, Texas
In Dyess AFB, 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 Shackelford 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 Dyess AFB, 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 example, the median home price in Dyess AFB is $28,266, with tax bills ranging from $354 at the 25th percentile to $530 at the 90th percentile. The highest and lowest median tax bills are both $422, found in the zip code 79607. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dyess Afb Assessed Value
$28,266
Average Shackelford County Assessed Value
$78,175
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dyess Afb, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79607 | $18,585 | $22,216 | $28,266 | $34,316 | $37,947 |
Source: Ownwell
Property Tax Bills Across Dyess Afb, Texas
In Dyess AFB, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as the home's location, size, and market conditions can influence its assessed value. For homeowners in Dyess AFB, the median home price is $28,266. The property tax rate in Shackelford County significantly impacts the final tax bill. At the 25th percentile, homeowners can expect a tax bill of approximately $354, while those at the 75th percentile might see a tax bill around $489. The 90th percentile tax bill goes up to $530. These property tax bills can affect homeowners' financial planning and budgeting. Compared to the national median property tax rate of 0.99%, the property taxes in Dyess AFB are relatively moderate, offering some financial relief to homeowners in this region.
Average Dyess Afb Tax Bill
$422
Average Shackelford County Tax Bill
$1,360
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Dyess Afb, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79607 | $314 | $354 | $422 | $489 | $530 |
Source: Ownwell