Detroit, Texas Property Taxes
The median property tax rate in Detroit, TX is 1.48%, higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Detroit at $122,044, the typical annual property tax bill reaches $1,449, which is below the national median of $2,690. Property taxes in Detroit are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Detroit'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 Detroit 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
Detroit, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$1,806
$1,671
Ownwell’s Detroit Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Detroit with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Detroit 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 Detroit, Texas
Property taxes in Detroit, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Detroit is 1.48%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Detroit set these rates annually, and they can vary significantly across different neighborhoods. Each year, Detroit 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 Detroit's effective property tax rate to other counties in Texas and the national median. For comparison, the 75436 zip code has the highest median property tax rate of 1.48%, while the same zip code has the lowest median tax rate of 1.48%. Understanding how these cities compare with Detroit provides valuable insights into the varying tax landscape across Red River County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Detroit Tax Rate
1.48%
Average Red River County Tax Rate
1.66%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Detroit, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75436 | 0.48% | 0.95% | 1.48% | 1.92% | 2.25% |
Source: Ownwell
Property Tax Assessment Values Across Detroit, Texas
In Detroit, 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 Red River 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 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. The median home price in Detroit is $122,044, with tax bills ranging from $513 at the 25th percentile to $3,913 at the 90th percentile. The zip code with the highest median tax bill is 75436, standing at $1,449. By understanding these valuation processes, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Detroit Assessed Value
$122,044
Average Red River County Assessed Value
$92,290
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Detroit, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75436 | $11,177 | $44,465 | $122,044 | $225,129 | $381,372 |
Source: Ownwell
Property Tax Bills Across Detroit, Texas
In Detroit, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Detroit can expect their tax bills to vary significantly depending on their property's assessed value and the local tax rate. For example, the median home price in Detroit is $122,044. Property tax bills in the area range from the 25th percentile at $513 to the 75th percentile at $2,667, with the 90th percentile reaching $3,913. These figures reflect how property values and local tax rates can impact what homeowners owe annually. The highest and lowest median tax bills in Detroit both stand at $1,449, indicating a level of consistency in certain areas. Compared to the national median property tax rate of 0.99%, Detroit's property tax rates can be relatively moderate or burdensome, depending on the specific neighborhood and property value. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan accordingly.
Average Detroit Tax Bill
$1,449
Average Red River County Tax Bill
$1,273
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Detroit, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75436 | $156 | $513 | $1,449 | $2,667 | $3,913 |
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 | |
|---|---|
| Red River Appraisal District | |
| Website | rrcad.org |