Danevang, Texas Property Taxes
The median property tax rate in Danevang, TX is 1.62%, considerably higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With a median home value of $83,200 in Danevang, the typical annual property tax bill reaches $805, which is significantly lower than the national median of $2,690. Property taxes in Danevang are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Danevang'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 Danevang or another part of Wharton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Danevang, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$1,348
$1,247
Ownwell’s Danevang Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Danevang with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Danevang 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 Danevang, Texas
Property taxes in Danevang, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Danevang is 1.62%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Danevang set these rates annually, and they can vary significantly across different neighborhoods. Each year, Danevang 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 Danevang's effective property tax rate to other counties in Texas and the national median. For comparison, the 77432 zip code has the highest median property tax rate of 1.62%, while the same zip code also has the lowest median tax rate of 1.62%. Understanding how these cities compare with Danevang provides valuable insights into the varying tax landscape across Wharton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Danevang Tax Rate
1.62%
Average Wharton County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Danevang, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77432 | 0.58% | 1.13% | 1.62% | 1.66% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Danevang, Texas
In Danevang, 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 Wharton 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 Danevang, 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 Danevang helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 77432, with a median tax bill of $805.
Average Danevang Assessed Value
$83,200
Average Wharton County Assessed Value
$120,245
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Danevang, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77432 | $18,439 | $36,327 | $83,200 | $149,009 | $278,369 |
Source: Ownwell
Property Tax Bills Across Danevang, Texas
In Danvang, located in Wharton County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price here is $83,200, and the property tax rate is a significant factor in determining your annual tax bill. The tax bill is influenced by various factors, including the property's assessed value, which is determined by local tax authorities, and the tax rate set by the local government. Homeowners in Danvang can expect a wide range in property tax bills. For example, the 25th percentile tax bill is $419, while the 75th percentile tax bill reaches $1,966. At the 90th percentile, the tax bill can be as high as $4,237. This variation highlights how different property values and tax rates can impact homeowners differently. Compared to the national median property tax rate of 0.99%, the property tax burden in Danvang can vary significantly, affecting homeowners' financial planning and overall cost of living.
Average Danevang Tax Bill
$805
Average Wharton County Tax Bill
$1,730
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Danevang, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77432 | $208 | $419 | $805 | $1,966 | $4,237 |
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 | |
|---|---|
| Wharton Appraisal District | |
| Website | esearch.whartoncad.net |