Dimmitt, Castro County, Texas Property Taxes
The median property tax rate in Dimmitt, TX, is 2.47%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Dimmitt at $48,870, the typical annual property tax bill reaches $1,150, surpassing the national median of $2,690. Property taxes in Dimmitt are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Dimmitt'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 Dimmitt 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
Dimmitt, Castro County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.47%
Estimate Property Tax Bill
$1,207
$1,120
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, Castro County, 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 2.47%, significantly higher than both the Texas state median of 1.81% 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 2.47%, while the 79027 zip code also has the lowest median tax rate of 2.47%. 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
2.47%
Average Castro County Tax Rate
2.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dimmitt, Castro County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79027 | 1.93% | 2.21% | 2.47% | 2.47% | 2.47% |
Source: Ownwell
Property Tax Assessment Values Across Dimmitt, Castro County, Texas
In Dimmitt, 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 Castro 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 Dimmitt, 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. Being aware of these valuation processes in Dimmitt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 79027, both valued at $1,150.
Property Tax Assessment Values Across Dimmitt, Castro County, Texas
Source: Ownwell
$32,915
$68,988
$105,060
Average Dimmitt Assessed Value
$48,870
Average Castro County Assessed Value
$49,105
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dimmitt, Castro County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79027 | $17,296 | $29,605 | $48,870 | $86,810 | $130,618 |
Source: Ownwell
Property Tax Bills Across Dimmitt, Castro County, Texas
Property tax bills in Dimmitt, located in Castro County, TX, are calculated based on the assessed value of a property and the applicable tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of a property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Dimmitt can expect varying property tax bills. For instance, the 25th percentile tax bill is around $654, while the 75th percentile tax bill reaches $2043. At the 90th percentile, property tax bills can climb to $3136. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. With a median home price of $48,870, property tax rates in Dimmitt offer a comparative perspective against the national median property tax rate of 0.99%, highlighting the relative affordability for homeowners in this region.
Average Dimmitt Tax Bill
$1,150
Average Castro County Tax Bill
$1,097
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Dimmitt, Castro County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79027 | $369 | $654 | $1,150 | $2,043 | $3,136 |
Source: Ownwell