Dimmitt, Texas Property Taxes
The median property tax rate in Dimmitt, TX is 1.70%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Dimmitt at $146,050, the typical annual property tax bill reaches $2,478, slightly below the national median of $2,690. Property taxes in Dimmitt 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 Dimmitt'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 Dimmitt 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
Dimmitt, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.7%
Estimate Property Tax Bill
$2,483
$2,297
Ownwell’s Dimmitt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dimmitt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dimmitt 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 Dimmitt, Texas
Property taxes in Dimmitt, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dimmitt is 1.60%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Dimmitt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dimmitt 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 Dimmitt's effective property tax rate to other counties in Texas and the national median. For comparison, the 79027 zip code has the highest median property tax rate of 1.60%, while the 79027 zip code also has the lowest median tax rate of 1.60%. Understanding how these cities compare with Dimmitt provides valuable insights into the varying tax landscape across Castro County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dimmitt Tax Rate
1.70%
Average Deaf Smith County Tax Rate
1.87%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dimmitt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79027 | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Dimmitt, Texas
In Dimmitt, 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 local 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 Dimmitt, 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 Dimmitt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Dimmitt are both $2,478, found in the 79027 zip code.
Average Dimmitt Assessed Value
$146,050
Average Deaf Smith County Assessed Value
$121,050
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dimmitt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79027 | $146,050 | $146,050 | $146,050 | $146,050 | $146,050 |
Source: Ownwell
Property Tax Bills Across Dimmitt, Texas
In Dimmitt, property tax bills are calculated based on the assessed value of the property, which is determined by the Deaf Smith County Appraisal District. The assessed value is a percentage of the market value, reflecting local real estate conditions. Homeowners in Dimmitt face a median property tax bill of $2,478, which is higher than the national median property tax rate of 0.99%. This higher tax rate can significantly impact household budgets, making it crucial for homeowners to understand the factors that influence their tax bills. Several elements contribute to the final tax bill, including the property's location, size, and condition. Local tax rates set by various taxing entities such as school districts, municipalities, and special districts also play a vital role. For homeowners, this means that any improvements or changes to their property can affect its assessed value and, consequently, their tax obligations. Understanding these factors can help homeowners better anticipate and manage their property tax expenses.
Average Dimmitt Tax Bill
$2,478
Average Deaf Smith County Tax Bill
$2,120
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Dimmitt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79027 | $2,478 | $2,478 | $2,478 | $2,478 | $2,478 |
Source: Ownwell