Dumas, Texas Property Taxes
The median property tax rate in Dumas, TX is 1.64%, slightly lower than the Texas state median of 1.67% but significantly higher than the national median of 0.99%. With the median home value in Dumas at $118,110, the typical annual property tax bill reaches $1,933, which is below the national median of $2,690. Property taxes in Dumas are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Navigating Dumas's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Dumas or elsewhere in the area, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Dumas, 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 Dumas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dumas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dumas 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 Dumas, Texas
Property taxes in Dumas, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dumas is 1.64%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Dumas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dumas 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 Dumas's effective property tax rate to other counties in Texas and the national median. For comparison, the 79029 zip code has the highest median property tax rate of 1.64%, while the 79029 zip code also has the lowest median tax rate of 1.64%. Understanding how these cities compare with Dumas provides valuable insights into the varying tax landscape across Hartley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dumas Tax Rate
1.64%
Average Hartley County Tax Rate
2.09%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dumas, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79029 | 1.54% | 1.64% | 1.64% | 1.64% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Dumas, Texas
In Dumas, 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 Hartley 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 Dumas, 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 Dumas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 79029 has the highest median tax bill at $1,933, which is crucial information for homeowners aiming to understand their tax landscape.
Average Dumas Assessed Value
$118,110
Average Hartley County Assessed Value
$147,580
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dumas, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79029 | $63,890 | $75,830 | $118,110 | $208,892 | $266,095 |
Source: Ownwell
Property Tax Bills Across Dumas, Texas
In Dumas, Hartley County, TX, property tax bills are determined based on the assessed value of a home. This assessed value is typically a percentage of the property's market value. Homeowners in Dumas can expect their property tax bills to vary widely depending on several factors, including the size and location of their property. For instance, the median home price in Dumas is $118,110, and property tax bills can range significantly. The 25th percentile of tax bills is around $1,241, while those in the 75th percentile see bills as high as $3,076. At the 90th percentile, homeowners might face tax bills up to $4,126. These tax amounts are influenced by local tax rates and the specific assessed value of each property. The highest and lowest median tax bills in Dumas both stand at $1,933, indicating a relatively consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, Dumas homeowners experience a diverse range of tax obligations, impacting their overall financial planning and homeownership costs.
Average Dumas Tax Bill
$1,933
Average Hartley County Tax Bill
$2,858
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Dumas, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79029 | $1,046 | $1,241 | $1,933 | $3,076 | $4,126 |
Source: Ownwell