Derby, Texas Property Taxes
The median property tax rate in Derby, TX is 1.80%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Derby, the typical annual property tax bill reaches $259, which is significantly lower than the national median of $2,690. Property taxes in Derby are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Derby'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 Derby 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
Derby, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Derby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Derby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Derby 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 Derby, Texas
Property taxes in Derby, Texas, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Derby is 1.75%, higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Derby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Derby 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 Derby's effective property tax rate to other counties in Texas and the national median. For comparison, the 78017 zip code has the highest median property tax rate of 1.75%, while the same zip code also has the lowest median tax rate of 1.75%. Understanding how these cities compare with Derby provides valuable insights into the varying tax landscape across 48163, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Derby Tax Rate
1.80%
Average Frio County Tax Rate
2.67%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Derby, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78017 | 1.04% | 1.80% | 1.80% | 1.80% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Derby, Texas
In Derby, 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 Frio 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 Derby, 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 Derby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Derby is found in the 78017 zip code at $259, while the lowest is also in the 78017 zip code, reflecting the uniformity in tax assessments.
Average Derby Assessed Value
$13,190
Average Frio County Assessed Value
$45,240
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Derby, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78017 | $4,000 | $4,000 | $13,190 | $41,140 | $47,002 |
Source: Ownwell
Property Tax Bills Across Derby, Texas
In Derby, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Derby, Frio County, can expect their tax bills to vary significantly depending on the value of their homes. For instance, the median home price in Derby is $13,190. The property tax rate in Derby is compared to the national median property tax rate of 0.99%. For homeowners in the 25th percentile, the tax bill is around $72, whereas those in the 75th percentile face a tax bill of approximately $272. Homeowners in the 90th percentile can see tax bills as high as $554. These variations in tax bills can have a substantial impact on homeowners, influencing their overall cost of living and financial planning. Understanding how property taxes are calculated helps homeowners anticipate their annual expenses and make informed decisions about their property investments.
Average Derby Tax Bill
$259
Average Frio County Tax Bill
$985
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Derby, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78017 | $72 | $72 | $259 | $272 | $554 |
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 | |
|---|---|
| Frio Appraisal District | |
| Website | www.friocad.org |