Dodson, Texas Property Taxes
The median property tax rate in Dodson, TX is 1.59%, slightly higher than the national median of 0.99% but below the Texas state median of 1.67%. With a median home value of $192,267 in Dodson, the typical annual property tax bill is $2,683, just under the national median of $2,690. Property taxes in Dodson are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. By understanding Dodson's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Dodson or another part of the city, grasping the local property tax intricacies can lead to better financial planning and investment decisions.
Last Updated June 14, 2024
Dodson, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$3,057
$2,837
Ownwell’s Dodson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dodson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dodson 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 Dodson, Texas
Property taxes in Dodson, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dodson is 1.59%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Dodson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dodson 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 Dodson's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 79230 has the highest median property tax rate of 1.59%, while the same zip code also has the lowest median tax rate of 1.59%. Understanding how these cities compare with Dodson provides valuable insights into the varying tax landscape across Childress County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dodson Tax Rate
1.59%
Average Childress County Tax Rate
2.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dodson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79230 | 0.46% | 0.51% | 1.59% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Dodson, Texas
In Dodson, 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 Childress 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 Dodson, 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 Dodson is $192,267, while the 25th percentile tax bill is $1,013, and the 75th percentile tax bill is $3,062. The highest median tax bill in the area is $2,683, found in the 79230 zip code, which also has the lowest median tax bill at the same value. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Dodson Assessed Value
$192,267
Average Childress County Assessed Value
$64,376
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dodson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79230 | $36,630 | $63,622 | $192,267 | $379,622 | $536,750 |
Source: Ownwell
Property Tax Bills Across Dodson, Texas
In Dodson, Childress 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 your property to estimate its market value. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. For example, with a median home price of $192,267, homeowners in Dodson can expect a property tax bill that varies significantly. At the 25th percentile, the tax bill is around $1,013, while at the 75th percentile, it rises to approximately $3,062. The 90th percentile sees tax bills as high as $4,852. Comparatively, the national median property tax rate is 0.99%, making Dodson's rates quite competitive. However, the financial impact on homeowners can still be substantial, affecting overall affordability and long-term financial planning. Understanding these factors is crucial for homeowners to budget effectively and potentially seek tax relief options.
Average Dodson Tax Bill
$2,683
Average Childress County Tax Bill
$1,381
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Dodson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79230 | $463 | $1,013 | $2,683 | $3,062 | $4,852 |
Source: Ownwell