Decatur, Texas Property Taxes
The median property tax rate in Decatur, TX is 1.40%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $172,895 in Decatur, the typical annual property tax bill amounts to $1,544, which is below the national median of $2,690. Property taxes in Decatur are calculated based on the assessed value, which is generally lower than the market value due to exemptions like primary residence and agricultural exemptions. By understanding Decatur'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 Decatur or another part of the city, being informed about the local property tax system will prove beneficial.
Last Updated June 14, 2024
Decatur, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$2,421
$2,240
Ownwell’s Decatur Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Decatur with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Decatur 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 Decatur, Texas
Property taxes in Decatur, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Decatur is 1.40%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Decatur set these rates annually, and they can vary significantly across different neighborhoods. Each year, Decatur 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 Decatur's effective property tax rate to other counties in Texas and the national median. For comparison, the 76234 zip code has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Decatur provides valuable insights into the varying tax landscape across Wise County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Decatur Tax Rate
1.40%
Average Cooke County Tax Rate
1.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Decatur, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76234 | 0.68% | 1.05% | 1.40% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Decatur, Texas
In Decatur, 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 Cooke 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 Decatur, 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 Decatur helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Decatur's median home price is $172,895, with tax bills ranging from $908 at the 25th percentile to $6,473 at the 90th percentile. The highest and lowest median tax bills both stand at $1,544 in the 76234 zip code.
Average Decatur Assessed Value
$172,895
Average Cooke County Assessed Value
$215,126
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Decatur, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76234 | $56,656 | $83,452 | $172,895 | $338,823 | $568,441 |
Source: Ownwell
Property Tax Bills Across Decatur, Texas
In Decatur, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Decatur is $172,895. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $908 and the 75th percentile at $3,069. For those in the 90th percentile, tax bills can reach as high as $6,473. This wide range is influenced by factors such as property size, location, and any applicable exemptions or appeals. The local tax rate in Decatur is influenced by Cooke County's regulations, and it plays a crucial role in determining the final tax bill. Compared to the national median property tax rate of 0.99%, Decatur's rates can be more variable, affecting the financial planning of homeowners. Understanding these factors is essential for managing property taxes effectively and ensuring that homeowners are not overburdened by unexpected costs.
Average Decatur Tax Bill
$1,544
Average Cooke County Tax Bill
$2,905
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Decatur, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76234 | $722 | $908 | $1,544 | $3,069 | $6,473 |
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 | |
|---|---|
| Cooke Appraisal District | |
| Website | propaccess.trueautomation.com |