Dime Box, Texas Property Taxes
The median property tax rate in Dime Box, TX is 1.52%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Dime Box at $110,570, the typical annual property tax bill is $1,382, falling below the national median of $2,690. Property taxes in Dime Box are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Dime Box'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 Dime Box or another part of Lee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dime Box, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$1,681
$1,555
Ownwell’s Dime Box Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dime Box with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dime Box 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 Dime Box, Texas
Property taxes in Dime Box, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dime Box is 1.52%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Dime Box set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dime Box 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 Dime Box's effective property tax rate to other counties in Texas and the national median. For comparison, the 77853 zip code has the highest median property tax rate of 1.52%, while the same zip code also has the lowest median tax rate of 1.52%. Understanding how these cities compare with Dime Box provides valuable insights into the varying tax landscape across Lee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dime Box Tax Rate
1.52%
Average Lee County Tax Rate
1.46%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dime Box, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77853 | 0.66% | 1.13% | 1.52% | 1.54% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Dime Box, Texas
In Dime Box, 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 Lee 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 Dime Box, 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. In Dime Box, the median home price is $110,570. The highest and lowest median tax bills in the area are both $1,382, found in the 77853 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dime Box Assessed Value
$110,570
Average Lee County Assessed Value
$200,180
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dime Box, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77853 | $18,460 | $45,260 | $110,570 | $257,430 | $526,120 |
Source: Ownwell
Property Tax Bills Across Dime Box, Texas
In Dime Box, located in Lee County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of your property. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. For instance, with a median home price of $110,570, homeowners in Dime Box can expect varying tax bills depending on their property's assessed value and specific tax rate. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value, subsequently affecting your tax bill. Homeowners in the 25th percentile typically pay around $624, while those in the 75th percentile could see bills as high as $2,672. For those in the 90th percentile, tax bills can reach up to $5,096. These property taxes contribute to local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Dime Box Tax Bill
$1,382
Average Lee County Tax Bill
$2,398
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Dime Box, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77853 | $284 | $624 | $1,382 | $2,672 | $5,096 |
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 | |
|---|---|
| Lee Appraisal District | |
| Website | esearch.lee-cad.org |