Klondike, Delta County, Texas Property Taxes
The median property tax rate in Klondike, TX is 1.88%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Klondike, the typical annual property tax bill reaches $2,243, which is below the national median of $2,690. Property taxes in Klondike 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 Klondike'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 Klondike 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
Klondike, Delta County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.88%
Estimate Property Tax Bill
$2,329
$2,161
Ownwell’s Klondike Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Klondike with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Klondike 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 Klondike, Delta County, Texas
Property taxes in Klondike, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Klondike is 1.88%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Klondike set these rates annually, and they can vary significantly across different neighborhoods. Each year, Klondike 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 Klondike's effective property tax rate to other counties in Texas and the national median. For comparison, the 75448 zip code has the highest median property tax rate of 1.88%, while the 75448 zip code also has the lowest median tax rate of 1.88%. Understanding how these cities compare with Klondike provides valuable insights into the varying tax landscape across Delta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Klondike Tax Rate
1.88%
Average Delta County Tax Rate
2.34%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Klondike, Delta County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75448 | 0.70% | 1.44% | 1.88% | 2.46% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Klondike, Delta County, Texas
In Klondike, 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 Delta 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 Klondike, 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. The median home price in Klondike is $123,870, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,292, while the 75th percentile reaches $3,626, and the 90th percentile goes up to $5,417. 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 Klondike helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Klondike, Delta County, Texas
Source: Ownwell
$55,745
$143,418
$231,090
Average Klondike Assessed Value
$123,870
Average Delta County Assessed Value
$122,915
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Klondike, Delta County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75448 | $37,244 | $72,335 | $123,870 | $236,885 | $408,785 |
Source: Ownwell
Property Tax Bills Across Klondike, Delta County, Texas
In Klondike, Delta 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 properties annually. Homeowners in Klondike face a median home price of $123,870. The property tax rate in the area, while not specified, is compared against the national median rate of 0.99%. The tax bill varies significantly depending on the property's value and other factors such as exemptions and local levies. For instance, the 25th percentile tax bill in Klondike is $1,292, while the 75th percentile reaches $3,626, and the 90th percentile can go as high as $5,417. These figures highlight the range of property tax burdens homeowners may experience. A higher assessed value or fewer exemptions can result in a larger tax bill, impacting household budgets. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations and plan accordingly.
Average Klondike Tax Bill
$2,243
Average Delta County Tax Bill
$2,570
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Klondike, Delta County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75448 | $678 | $1,292 | $2,243 | $3,626 | $5,417 |
Source: Ownwell