Damon, Texas Property Taxes
The median property tax rate in Damon, TX is 1.26%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $99,490 in Damon, the typical annual property tax bill amounts to $1,043, surpassing the national median of $2,690. Property taxes in Damon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Damon'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 Damon 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
Damon, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$1,254
$1,160
$1,148
Average Damon, Texas Tax Savings
Ownwell’s Damon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Damon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Damon to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Damon. 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 Damon, Texas
Property taxes in Damon, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Damon is 1.26%, higher than both the Texas state median of 1.6% and the U.S. national median of 0.99%. Local government entities within Damon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Damon 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 Damon's effective property tax rate to other counties in Texas and the national median. For comparison, the 77430 zip code has the highest median property tax rate of 1.26%, while the 77430 zip code has the lowest median tax rate of 1.26%. Understanding how these cities compare with Damon provides valuable insights into the varying tax landscape across Brazoria County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Damon Tax Rate
1.26%
Average Brazoria County Tax Rate
1.96%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Damon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77430 | 0.29% | 0.70% | 1.26% | 1.47% | 1.58% |
Source: Ownwell
$1,148
Average Damon Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Damon, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Damon, 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 Brazoria 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 Damon, 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. For instance, the median home price in Damon is $99,490, with tax bills ranging from $324 at the 25th percentile to $3,275 at the 90th percentile. The zip code 77430 has the highest and lowest median tax bill, both at $1,043. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Damon Assessed Value
$99,490
Average Brazoria County Assessed Value
$236,820
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Damon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77430 | $19,005 | $50,005 | $99,490 | $190,700 | $279,214 |
Source: Ownwell
$1,148
Average Damon Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Damon, Texas
In Damon, located in Brazoria 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 and reflects the market value of the property. Homeowners in Damon face a range of property tax bills, with the 25th percentile at $324 and the 90th percentile reaching up to $3,275. The median home price in Damon is $99,490, and the highest median tax bill in the region is $1,043. Several factors influence your property tax bill, including property size, location, and any applicable exemptions. These taxes can significantly impact homeowners, often leading to financial strain. Ownwell offers expert property tax appeal and exemption services to help reduce your tax burden. By analyzing your property's assessed value and identifying potential errors or opportunities for exemptions, Ownwell can assist in lowering your property tax bill, ensuring you pay only your fair share.
Average Damon Tax Bill
$1,043
Average Brazoria County Tax Bill
$4,022
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Damon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77430 | $116 | $324 | $1,043 | $2,067 | $3,275 |
Source: Ownwell
$1,148
Average Damon Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Brazoria Appraisal District | |
| Website | esearch.brazoriacad.org |
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