Dryden, Texas Property Taxes
The median property tax rate in Dryden, TX is 1.61%, notably higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With the median home value in Dryden at $37,860, the typical annual property tax bill is $477, which is significantly lower than the national median of $2,690. Property taxes in Dryden are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Dryden's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Dryden or another part of Terrell County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dryden, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$610
$564
Ownwell’s Dryden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dryden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dryden 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 Dryden, Texas
Property taxes in Dryden, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dryden is 1.61%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Dryden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dryden 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 Dryden's effective property tax rate to other counties in Texas and the national median. For comparison, the 78851 zip code has the highest median property tax rate of 1.61%, while the same zip code has the lowest median tax rate of 1.61%. Understanding how these cities compare with Dryden provides valuable insights into the varying tax landscape across Terrell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dryden Tax Rate
1.61%
Average Terrell County Tax Rate
1.86%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dryden, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78851 | 0.26% | 0.61% | 1.61% | 1.68% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Dryden, Texas
In Dryden, 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 Terrell 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 Dryden, 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. 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 Dryden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 78851, with a tax bill of $477.
Average Dryden Assessed Value
$37,860
Average Terrell County Assessed Value
$34,740
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dryden, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78851 | $12,427 | $15,873 | $37,860 | $83,194 | $169,249 |
Source: Ownwell
Property Tax Bills Across Dryden, Texas
Property tax bills in Dryden, located in Terrell County, TX, are determined by assessing the property's market value and applying the local tax rate. The median home price in Dryden stands at $37,860. Property taxes are calculated by multiplying the assessed value of the home by the local tax rate, which is then used to determine the annual tax bill. Factors such as property size, location, and market conditions can influence the assessed value. Homeowners in Dryden can expect varying tax bills depending on the value of their property. For instance, the 25th percentile tax bill is approximately $234, while the 75th percentile tax bill is about $946. At the 90th percentile, the tax bill reaches around $1,191. These values provide a range of what homeowners might pay annually. Compared to the national median property tax rate of 0.99%, Dryden's property taxes are relatively modest, making it an appealing location for homeowners looking for affordable property taxes.
Average Dryden Tax Bill
$477
Average Terrell County Tax Bill
$612
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Dryden, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78851 | $95 | $234 | $477 | $946 | $1,191 |
Source: Ownwell