Dimmitt, Texas Property Taxes
The median property tax rate in Dimmitt, TX is 0.96%, slightly below the national median of 0.99% and significantly lower than the Texas state median of 1.67%. With a median home value of $90,090 in Dimmitt, the typical annual property tax bill is around $1,104, which is less than the national median of $2,690. Property taxes in Dimmitt are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Dimmitt'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 Dimmitt or elsewhere in the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dimmitt, 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 Dimmitt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dimmitt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dimmitt 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 Dimmitt, Texas
Property taxes in Dimmitt, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dimmitt is 1.14%, higher than both the Texas state median of 1.8% and the U.S. national median of 0.99%. Local government entities within Dimmitt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dimmitt 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 Dimmitt's effective property tax rate to other counties in Texas and the national median. For comparison, the 79027 zip code has the highest median property tax rate of 1.14%, while the same 79027 zip code has the lowest median tax rate of 1.14%. Understanding how these cities compare with Dimmitt provides valuable insights into the varying tax landscape across Castro County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dimmitt Tax Rate
0.96%
Average Lamb County Tax Rate
2.05%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dimmitt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79027 | 0.69% | 0.71% | 0.96% | 1.31% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Dimmitt, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Dimmitt, Texas. 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 local 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. Assessment notices in Dimmitt 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Dimmitt, the median home price is $90,090, with tax bills ranging from $502 at the 25th percentile to $1,734 at the 90th percentile. The zip code 79027 has the highest and lowest median tax bill, both at $1,104.
Average Dimmitt Assessed Value
$90,090
Average Lamb County Assessed Value
$37,240
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dimmitt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79027 | $61,651 | $73,202 | $90,090 | $112,255 | $133,306 |
Source: Ownwell
Property Tax Bills Across Dimmitt, Texas
In Dimmitt, property tax bills are calculated based on the assessed value of a home, which is influenced by various factors, including the property's market value and any improvements made. The local tax rate is then applied to this assessed value to determine the tax bill. For context, the national median property tax rate is 0.99%, but local rates can vary. Homeowners in Dimmitt can expect their property tax bills to differ widely. For instance, the 25th percentile tax bill is around $502, while the 75th percentile reaches $1,693, and the 90th percentile peaks at $1,734. These variations are due to differences in property values and specific local tax rates. The median home price in the area stands at $90,090, which plays a significant role in the overall tax bill calculation. Understanding these factors helps homeowners anticipate their property tax obligations, which are essential for budgeting and financial planning. Higher property taxes can impact household expenses, while lower taxes may provide some financial relief.
Average Dimmitt Tax Bill
$1,104
Average Lamb County Tax Bill
$638
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Dimmitt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79027 | $436 | $502 | $1,104 | $1,693 | $1,734 |
Source: Ownwell