Crossroads, Texas Property Taxes
The median property tax rate in Crossroads, TX is 1.65%, slightly lower than the Texas state median of 1.67% but significantly higher than the national median of 0.99%. With a median home value of $356,333 in Crossroads, the typical annual property tax bill amounts to $6,049, far exceeding the national median of $2,690. Property taxes in Crossroads are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crossroads' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Crossroads 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
Crossroads, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$5,879
$5,440
$1,148
Average Crossroads, Texas Tax Savings
Ownwell’s CROSSROADS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CROSSROADS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CROSSROADS 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 CROSSROADS. 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 Crossroads, Texas
Property taxes in Crossroads, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crossroads is 1.65%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Crossroads set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crossroads 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 Crossroads's effective property tax rate to other counties in Texas and the national median. For comparison, the 76227 zip code has the highest median property tax rate of 1.65%, while the same zip code has the lowest median tax rate of 1.65%. Understanding how these cities compare with Crossroads 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 Crossroads Tax Rate
1.65%
Average Denton County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crossroads, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76227 | 1.28% | 1.33% | 1.65% | 1.78% | 1.85% |
Source: Ownwell
$1,148
Average Crossroads Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Crossroads, Texas
In Crossroads, 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 Crossroads, 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 Crossroads helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $6,049, found in the zip code 76227, and the lowest is also $6,049 in the same zip code.
Average Crossroads Assessed Value
$356,333
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 Crossroads, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76227 | $332,202 | $341,740 | $356,333 | $370,373 | $375,762 |
Source: Ownwell
$1,148
Average Crossroads Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Crossroads, Texas
In Crossroads, located in Denton County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. For instance, with a median home price of $356,333, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $4,742, while those in the 75th percentile face bills of approximately $6,455. Factors such as property size, location, and market conditions influence the assessed value, impacting the final tax bill. Homeowners in Crossroads often find their tax bills higher than the national median property tax rate of 0.99%. With the highest median tax bill in the area being $6,049, it’s evident that property taxes can be a substantial expense. This is where Ownwell steps in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their assessed values, leading to significant savings. Our team ensures you’re not overpaying, making property ownership more affordable.
Average Crossroads Tax Bill
$6,049
Average Denton County Tax Bill
$7,425
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Crossroads, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76227 | $4,455 | $4,742 | $6,049 | $6,455 | $6,655 |
Source: Ownwell
$1,148
Average Crossroads 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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