Odonnell, Texas Property Taxes
The median property tax rate in ODONNELL, TX is 2.77%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in ODONNELL at $75,660, the typical annual property tax bill reaches $2,116, slightly below the national median of $2,690. Property taxes in ODONNELL 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 ODONNELL'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 ODONNELL 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
Odonnell, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.77%
Estimate Property Tax Bill
$2,096
$1,939
Ownwell’s ODONNELL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ODONNELL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ODONNELL 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 Odonnell, Texas
Property taxes in ODONNELL, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ODONNELL is 2.77%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within ODONNELL set these rates annually, and they can vary significantly across different neighborhoods. Each year, ODONNELL 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 ODONNELL's effective property tax rate to other counties in Texas and the national median. For comparison, the 79351 zip code has the highest median property tax rate of 2.77%, while the same zip code also has the lowest median tax rate of 2.77%. Understanding how these cities compare with ODONNELL provides valuable insights into the varying tax landscape across Dawson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Odonnell Tax Rate
2.77%
Average Dawson County Tax Rate
3.05%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Odonnell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79351 | 1.33% | 2.34% | 2.77% | 3.40% | 3.45% |
Source: Ownwell
Property Tax Assessment Values Across Odonnell, Texas
In ODONNELL, 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 Dawson 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 ODONNELL, 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 ODONNELL helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $2,116 in zip code 79351, which is also the lowest median tax bill, highlighting the uniformity in tax assessments within this region.
Average Odonnell Assessed Value
$75,660
Average Dawson County Assessed Value
$47,460
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Odonnell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79351 | $23,482 | $58,140 | $75,660 | $132,490 | $223,036 |
Source: Ownwell
Property Tax Bills Across Odonnell, Texas
In O'Donnell, located in Dawson County, TX, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the county appraisal district, which evaluates properties annually to reflect their current market value. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. Factors such as property size, location, and market trends play a crucial role in determining the assessed value. For instance, the median home price in O'Donnell is $75,660. Homeowners in the 25th percentile of property tax bills pay around $1,493, whereas those in the 75th percentile face bills closer to $3,367. The 90th percentile sees even higher bills, reaching up to $4,263. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in O'Donnell to understand these local dynamics. High property taxes can significantly impact household budgets, making it crucial for residents to stay informed and proactive about their tax obligations.
Average Odonnell Tax Bill
$2,116
Average Dawson County Tax Bill
$1,299
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Odonnell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79351 | $519 | $1,493 | $2,116 | $3,367 | $4,263 |
Source: Ownwell