Valley View, Texas Property Taxes
The median property tax rate in Valley View, TX is 1.15%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $392,285 in Valley View, the typical annual property tax bill amounts to $4,210, significantly surpassing the national median of $2,690. Property taxes in Valley View are calculated based on the assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Valley View'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 Valley View 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
Valley View, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$4,511
$4,174
$1,148
Average Valley View, Texas Tax Savings
Ownwell’s Valley View Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valley View with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valley View 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 Valley View. 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 Denton County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Valley View, Texas
Property taxes in Valley View, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valley View is 1.15%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Valley View set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valley View 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 Valley View's effective property tax rate to other counties in Texas and the national median. For comparison, the 76272 zip code has the highest median property tax rate of 1.15%, while the 76272 zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Valley View 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 Valley View Tax Rate
1.15%
Average Denton County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valley View, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76272 | 0.73% | 0.96% | 1.15% | 1.22% | 1.22% |
Source: Ownwell
$1,148
Average Valley View Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Valley View, Texas
In Valley View, 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 Valley View, 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 Valley View is $392,285, with tax bills ranging from $2,166 at the 25th percentile to $7,660 at the 90th percentile. The zip code with the highest median tax bill is 76272, valued at $4,210, and the lowest median tax bill is also in 76272, valued at $4,210. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined.
Average Valley View Assessed Value
$392,285
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 Valley View, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76272 | $97,452 | $178,186 | $392,285 | $717,112 | $808,191 |
Source: Ownwell
$1,148
Average Valley View Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Valley View, Texas
In Valley View, located in Denton County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. For instance, with a median home price of $392,285, homeowners can face varying tax bills depending on their property's assessed value and the local tax rate. The 25th percentile tax bill in Valley View is $2,166, while the 75th percentile tax bill reaches $7,225, and the 90th percentile tax bill is $7,660. These figures highlight the significant impact property taxes can have on homeowners' finances. Ownwell can help homeowners in Valley View save on their property tax bills by providing expert property tax appeal and exemption services. By ensuring that properties are fairly assessed and taking advantage of applicable exemptions, Ownwell can reduce the financial burden of property taxes, allowing homeowners to retain more of their hard-earned money.
Average Valley View Tax Bill
$4,210
Average Denton County Tax Bill
$7,425
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Valley View, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76272 | $716 | $2,166 | $4,210 | $7,225 | $7,660 |
Source: Ownwell
$1,148
Average Valley View 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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