Dallam County, Texas Property Taxes
The median property tax rate in Dallam County is 1.99%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Dallam County at $88,040, the typical annual property tax bill reaches $1,574. Property taxes in Dallam County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Dallam County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Dalhart or another part of Dallam County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dallam County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.99%
Estimate Property Tax Bill
$1,752
$1,626
Ownwell’s Dallam County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Dallam County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Dallam County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Dallam County, Texas
Property taxes in Dallam County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Dallam County is 1.99%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Dallam County set these rates annually, and they can vary significantly between different areas within the county. Each year, Dallam County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Dallam County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Texline has one of the higher property tax rates in Texas at 2.01%, while the city of Stratford boasts one of the lowest at 0.95%. Analyzing how Dallam County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Dallam County Tax Rate
1.99%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Dallam County, Texas
In Dallam County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Dallam County Appraisal District. The assessed value, however, 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 Dallam County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. The median home price in Dallam County is $88,040, with tax bills ranging widely. For instance, residents in Stratford face the highest median tax bill at $3,787, while those in Kerrick enjoy the lowest at $1,087. Being aware of these valuation processes in Dallam County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Dallam County Assessed Value
$88,040
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Bills Across Dallam County, Texas
In Dallam County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. This rate can vary, but it is influenced by factors such as local government budgets and school district funding needs. Homeowners in Dallam County experience a range of tax bills. The 25th percentile tax bill is $791, while the 75th percentile reaches $2,556. For those in the 90th percentile, the tax bill can be as high as $3,760. Comparatively, the national median property tax rate is 0.99%, which highlights the variability in tax burdens across different regions. In Dallam County, these tax bills significantly impact homeowners' finances, influencing decisions on purchasing, selling, or maintaining properties.
Average Dallam County Tax Bill
$1,574
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690