Desoto, Texas Property Taxes
The median property tax rate in DeSoto, TX is 1.69%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in DeSoto at $309,790, the typical annual property tax bill reaches $5,181, exceeding the national median of $2,690. Property taxes in DeSoto 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 DeSoto'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 DeSoto 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
Desoto, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.69%
Estimate Property Tax Bill
$5,235
$4,844
$1,148
Average Desoto, Texas Tax Savings
Ownwell’s DESOTO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DESOTO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DESOTO to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in DESOTO. 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 Desoto, Texas
Property taxes in DeSoto, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in DeSoto is 1.69%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within DeSoto set these rates annually, and they can vary significantly across different neighborhoods. Each year, DeSoto 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 DeSoto's effective property tax rate to other counties in Texas and the national median. For comparison, the 75115 zip code has the highest median property tax rate of 1.69%, while the same zip code also has the lowest median tax rate of 1.69%. Understanding how these cities compare with DeSoto provides valuable insights into the varying tax landscape across Dallas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Desoto Tax Rate
1.69%
Average Dallas County Tax Rate
1.71%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Desoto, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | |
| 75115 | 0.86% | 1.27% | 1.69% | 2.12% | 2.53% |
Source: Ownwell
$1,148
Average Desoto Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Desoto, Texas
In DESOTO, 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 Dallas 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 DESOTO, 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 DESOTO helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill is $5181 in the zip code 75115, while the lowest median tax bill is also $5181 in the same zip code.
Average Desoto Assessed Value
$309,790
Average Dallas County Assessed Value
$276,620
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Desoto, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | |
| 75115 | $216,326 | $258,795 | $309,810 | $382,570 | $468,818 |
Source: Ownwell
$1,148
Average Desoto Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Desoto, Texas
In Desoto, Dallas County, TX, property tax bills are calculated based on the assessed value of your home, which is determined by the Dallas County Appraisal District. The assessed value is then multiplied by the local tax rate to calculate your annual tax bill. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value. For example, with a median home price of $309,790, homeowners can expect significant variations in their tax bills. The 25th percentile tax bill is $3,551, while the 75th percentile reaches $6,923, and the 90th percentile can be as high as $8,705. High property tax bills can be burdensome for homeowners. Ownwell can help by providing expert property tax appeal services, potentially lowering your assessed value and, consequently, your tax bill. Our team of experienced consultants will review your property’s assessment, identify discrepancies, and handle the appeal process on your behalf, ensuring you pay only your fair share.
Average Desoto Tax Bill
$5,181
Average Dallas County Tax Bill
$4,794
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Desoto, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | |
| 75115 | $2,097 | $3,551 | $5,181 | $6,923 | $8,705 |
Source: Ownwell
$1,148
Average Desoto Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Dallas Appraisal District | |
| Phone | (214) 631-0910 |
| Website | www.dallascad.org |
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