Corinth, Texas Property Taxes
The median property tax rate in Corinth, TX is 1.71%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Corinth at $408,115, the typical annual property tax bill reaches $7,032, exceeding the national median of $2,690. Property taxes in Corinth 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 Corinth'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 Corinth 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
Corinth, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Corinth, Texas Tax Savings
Ownwell’s Corinth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Corinth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Corinth 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 Corinth. 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 Corinth, Texas
Property taxes in Corinth, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Corinth is 1.71%, higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Corinth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Corinth 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 Corinth's effective property tax rate to other counties in Texas and the national median. For comparison, the 76208 zip code has the highest median property tax rate of 1.74%, while 76210 has the lowest median tax rate of 1.70%. Understanding how these cities compare with Corinth provides valuable insights into the varying tax landscape across Denton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Corinth Tax Rate
1.71%
Average Denton County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Corinth, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76208 | 1.53% | 1.62% | 1.74% | 1.94% | 1.97% |
| 76210 | 1.51% | 1.60% | 1.70% | 1.87% | 1.97% |
Source: Ownwell
$1,148
Average Corinth Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Corinth, Texas
In Corinth, 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 Denton 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 Corinth, 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. For instance, the median home price in Corinth is $408,115, with tax bills ranging from $6,087 at the 25th percentile to $9,994 at the 90th percentile. The highest median tax bill is in the 76208 zip code at $7,590, while the lowest is in the 76210 zip code at $6,948. 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 Corinth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Corinth Assessed Value
$408,115
Average Denton County Assessed Value
$444,000
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Corinth, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76208 | $307,452 | $368,951 | $430,000 | $518,604 | $570,040 |
| 76210 | $303,808 | $344,940 | $404,068 | $487,857 | $589,122 |
Source: Ownwell
$1,148
Average Corinth Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Corinth, Texas
In Corinth, located in Denton County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. For instance, the median home price in Corinth is $408,115. The property tax rate in Denton County is higher than the national median of 0.99%, leading to substantial tax bills. Homeowners in Corinth can expect a tax bill ranging from $6,087 at the 25th percentile to $9,994 at the 90th percentile. The highest median tax bill in the area is $7,590 in the 76208 zip code, while the lowest is $6,948 in the 76210 zip code. Various factors influence these calculations, including market conditions and property improvements. High property taxes can significantly impact homeowners, making it essential to explore ways to reduce these costs. Ownwell offers expert property tax appeal and exemption services, helping homeowners in Corinth potentially lower their tax bills. By analyzing your property’s assessed value and comparing it to similar properties, Ownwell ensures you’re not overpaying, ultimately saving you money.
Average Corinth Tax Bill
$7,032
Average Denton County Tax Bill
$7,425
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Corinth, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76208 | $5,547 | $6,571 | $7,590 | $8,659 | $9,898 |
| 76210 | $5,199 | $6,019 | $6,948 | $8,261 | $10,026 |
Source: Ownwell
$1,148
Average Corinth 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 | |
|---|---|
| Denton Appraisal District | |
| Phone | (940) 349-3910 |
| Website | esearch.dentoncad.com |
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