Dodson, Collingsworth County, Texas Property Taxes
The median property tax rate in Dodson, TX is 2.49%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Dodson at $18,020, the typical annual property tax bill reaches $312, well below the national median of $2,690. Property taxes in Dodson 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 Dodson'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 Dodson 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
Dodson, Collingsworth County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.49%
Estimate Property Tax Bill
$449
$416
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, Collingsworth County, Texas
Property taxes in Dodson, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dodson is 2.49%, 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 79230 zip code has the highest median property tax rate of 2.49%, while the 79230 zip code also has the lowest median tax rate of 2.49%. Understanding how these cities compare with Dodson provides valuable insights into the varying tax landscape across Collingsworth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dodson Tax Rate
2.49%
Average Collingsworth County Tax Rate
2.30%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dodson, Collingsworth County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79230 | 1.49% | 1.97% | 2.49% | 2.49% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Dodson, Collingsworth County, 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 Collingsworth 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 Dodson 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 Dodson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 79230 in Dodson has the highest and lowest median tax bills, both at $312.
Property Tax Assessment Values Across Dodson, Collingsworth County, Texas
Source: Ownwell
$18,020
$50,790
$83,560
Average Dodson Assessed Value
$18,020
Average Collingsworth County Assessed Value
$38,340
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dodson, Collingsworth County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79230 | $1,688 | $7,430 | $18,020 | $68,660 | $138,456 |
Source: Ownwell
Property Tax Bills Across Dodson, Collingsworth County, Texas
In Dodson, located in Collingsworth County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The assessed value is then multiplied by the local tax rate to compute the annual property tax bill. For homeowners in Dodson, the median home price is $18,020, significantly lower than the national median home price. Consequently, property tax bills in this area also tend to be lower. The tax bill for the 25th percentile is $133, while the 75th percentile stands at $1,317, showing a wide range in tax liabilities depending on property values. For those in the 90th percentile, the tax bill can go up to $2,604. These figures illustrate how property tax bills can vary significantly within the same region, affecting homeowners differently based on their property’s assessed value. This variability underscores the importance of understanding how property taxes are calculated to manage financial expectations effectively.
Average Dodson Tax Bill
$312
Average Collingsworth County Tax Bill
$810
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Dodson, Collingsworth County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79230 | $28 | $133 | $312 | $1,317 | $2,604 |
Source: Ownwell