Darrouzett, Texas Property Taxes
The median property tax rate in Darrouzett, TX is 3.82%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Darrouzett at $23,355, the typical annual property tax bill reaches $750, which is significantly lower than the national median of $2,690. Property taxes in Darrouzett 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 Darrouzett'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 Darrouzett 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
Darrouzett, 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 Darrouzett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Darrouzett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Darrouzett 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 Darrouzett, Texas
Property taxes in Darrouzett, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Darrouzett is 3.82%, significantly higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Darrouzett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Darrouzett 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 Darrouzett's effective property tax rate to other counties in Texas and the national median. For comparison, the 79024 ZIP code has the highest median property tax rate of 3.82%, while the same ZIP code also has the lowest median tax rate of 3.82%. Understanding how these cities compare with Darrouzett provides valuable insights into the varying tax landscape across Lipscomb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Darrouzett Tax Rate
3.82%
Average Lipscomb County Tax Rate
2.36%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Darrouzett, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79024 | 2.24% | 2.79% | 3.82% | 4.17% | 4.22% |
Source: Ownwell
Property Tax Assessment Values Across Darrouzett, Texas
In Darrouzett, 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 Lipscomb 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. Assessment notices in Darrouzett 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 Darrouzett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 79024 has both the highest and lowest median tax bill at $750.
Average Darrouzett Assessed Value
$23,355
Average Lipscomb County Assessed Value
$31,530
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Darrouzett, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79024 | $1,584 | $7,158 | $23,355 | $46,840 | $72,106 |
Source: Ownwell
Property Tax Bills Across Darrouzett, Texas
In Darrouzett, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. The median home price in Darrouzett is $23,355. Property tax rates are applied to this assessed value to determine the final tax bill. Factors such as property location, home improvements, and market trends influence the assessed value. Homeowners in Darrouzett can expect a wide range of tax bills. For instance, the 25th percentile tax bill is $195, while the 75th percentile tax bill is $1,455, and the 90th percentile tax bill reaches $2,444. This variation is reflective of differences in property values and individual circumstances. The highest and lowest median tax bills in the area are both $750, indicating some consistency within certain neighborhoods. Compared to the national median property tax rate of 0.99%, Darrouzett's property tax bills can be relatively manageable, providing some financial relief to homeowners in this region.
Average Darrouzett Tax Bill
$750
Average Lipscomb County Tax Bill
$613
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Darrouzett, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79024 | $60 | $195 | $750 | $1,455 | $2,444 |
Source: Ownwell