Trophy Club, Texas Property Taxes
The median property tax rate in Trophy Club, TX is 1.51%, which is significantly higher than both the national median of 0.99% and Texas' state median of 1.67%. With a median home value in Trophy Club of $754,452, the typical annual property tax bill reaches $11,360, far exceeding the national median of $2,690. Property taxes in Trophy Club are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Trophy Club'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 Trophy Club 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
Trophy Club, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$11,392
$10,541
$1,148
Average Trophy Club, Texas Tax Savings
Ownwell’s Trophy Club Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trophy Club with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trophy Club 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 Trophy Club. 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 Trophy Club, Texas
Property taxes in Trophy Club, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trophy Club is 1.51%, higher than both the Texas state median of 1.69% and the U.S. national median of 0.99%. Local government entities within Trophy Club set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trophy Club 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 Trophy Club's effective property tax rate to other counties in Texas and the national median. For comparison, the 76262 zip code has the highest median property tax rate of 1.51%, while the 76262 zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Trophy Club 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 Trophy Club Tax Rate
1.51%
Average Denton County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trophy Club, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76262 | 1.37% | 1.42% | 1.51% | 1.75% | 1.76% |
Source: Ownwell
$1,148
Average Trophy Club Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Trophy Club, Texas
In Trophy Club, 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 Trophy Club, 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. The median home price in Trophy Club is $754,452, with tax bills ranging from $8,602 at the 25th percentile to $15,118 at the 90th percentile. The highest and lowest median tax bills, both at $11,360, are found in the 76262 zip code. 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 Trophy Club Assessed Value
$754,452
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 Trophy Club, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76262 | $390,282 | $534,113 | $754,452 | $903,700 | $1,005,421 |
Source: Ownwell
$1,148
Average Trophy Club Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Trophy Club, Texas
In Trophy Club, property tax bills are calculated based on the assessed value of a home, which is determined by the Denton County Appraisal District. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $754,452, homeowners can expect a substantial tax bill. The 25th percentile tax bill is $8,602, while the 75th percentile reaches $13,295, and the 90th percentile can be as high as $15,118. These figures are notably higher than the national median property tax rate of 0.99%. Homeowners in Trophy Club may find these taxes burdensome, but Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell ensures that your property is assessed fairly, potentially lowering your tax bill. Our team of professionals reviews your property’s assessed value, identifies discrepancies, and files appeals on your behalf, aiming to secure significant tax savings.
Average Trophy Club Tax Bill
$11,360
Average Denton County Tax Bill
$7,425
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Trophy Club, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76262 | $6,390 | $8,602 | $11,360 | $13,295 | $15,118 |
Source: Ownwell
$1,148
Average Trophy Club 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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