Cross Roads, Texas Property Taxes
The median property tax rate in Cross Roads, TX is 1.48%, notably higher than the national median of 0.99% but below the Texas state median of 1.67%. With a median home value in Cross Roads of $361,160, the typical annual property tax bill reaches $5,821, significantly exceeding the national median of $2,690. Property taxes in Cross Roads are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Cross Roads' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Cross Roads 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
Cross Roads, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$5,345
$4,946
$1,148
Average Cross Roads, Texas Tax Savings
Ownwell’s CROSS ROADS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CROSS ROADS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CROSS ROADS to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in CROSS ROADS. 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 Cross Roads, Texas
Property taxes in Cross Roads, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cross Roads is 1.48%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Cross Roads set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cross Roads 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 Cross Roads' effective property tax rate to other counties in Texas and the national median. For comparison, the 76227 zip code has both the highest and lowest median property tax rate of 1.48%. Understanding how these cities compare with Cross Roads provides valuable insights into the varying tax landscape across Denton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cross Roads Tax Rate
1.48%
Average Denton County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cross Roads, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76227 | 1.08% | 1.35% | 1.48% | 1.78% | 1.78% |
Source: Ownwell
$1,148
Average Cross Roads Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Cross Roads, Texas
In CROSS ROADS, 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 Denton 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 CROSS ROADS, 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 CROSS ROADS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in CROSS ROADS is $361,160, with the median tax bill at the 25th percentile being $5,033 and at the 75th percentile being $6,921. The zip code 76227 has both the highest and lowest median tax bill, recorded at $5,821.
Average Cross Roads Assessed Value
$361,160
Average Denton County Assessed Value
$444,000
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cross Roads, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76227 | $292,000 | $333,277 | $361,160 | $431,331 | $801,089 |
Source: Ownwell
$1,148
Average Cross Roads Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Cross Roads, Texas
In Cross Roads, located in Denton County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in this area is $361,160, and the property tax rate is significantly higher than the national median of 0.99%. Factors such as the home's assessed value, local tax rates, and applicable exemptions all play a role in determining the final tax bill. For instance, the tax bill for the 25th percentile is $5,033, while it rises to $6,921 for the 75th percentile and $9,327 for the 90th percentile. High property tax bills can be a burden for homeowners, but Ownwell can help. Our property tax consulting services focus on appealing assessments and securing exemptions, potentially saving homeowners a significant amount on their annual tax bills. With our expertise, we can navigate the complexities of property tax laws, ensuring that you pay no more than your fair share.
Average Cross Roads Tax Bill
$5,821
Average Denton County Tax Bill
$7,425
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cross Roads, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76227 | $4,401 | $5,033 | $5,821 | $6,921 | $9,327 |
Source: Ownwell
$1,148
Average Cross Roads Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Denton Appraisal District | |
| Phone | (940) 349-3910 |
| Website | esearch.dentoncad.com |
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