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Little Elm, Denton County, Texas Property Taxes

  • Median Little Elm, TX effective property tax rate: 1.56%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Little Elm, TX home value: $423,433

  • Median annual Little Elm, TX tax bill: $6,132, $3,732 higher than the national median property tax bill of $2,400.

How are property taxes in Denton County calculated?

Property taxes in Little Elm, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Little Elm’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Little Elm, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Little Elm, Denton County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.56%

Estimate Property Tax Bill

$6,606

$6,130

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Little Elm Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Little Elm with just two data points. By entering your property's estimated assessed value, our calculator applies Little Elm’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Denton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Little Elm, Denton County, Texas

Local government entities in Little Elm, located in Denton County, TX, are responsible for setting property tax rates, which can vary significantly within the state. This variation arises because each county annually estimates its required budget to provide essential services, then divides this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While there are votes and regulations involved in setting these rates and budgets, this is essentially the annual process.

In Little Elm, the effective property tax rate stands at 1.56%, which is notably higher than the national median property tax rate of 1.02%. This means that property owners in Little Elm pay a higher percentage of their property's assessed value in taxes compared to the national average. The median property tax bill in this area also exceeds the national median of $2,400, reflecting the higher rate. Comparing Little Elm's property tax rate to other cities in Texas and the national median provides valuable insight into how local tax burdens align with broader trends.

Property Tax Rates Across Little Elm, Denton County, Texas

Source: Ownwell

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0.73%

1.33%

1.93%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Little Elm Tax Rate

1.56%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Denton County Tax Rate

1.49%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Little Elm, Denton County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
750681.03%1.34%1.56%1.73%1.97%
76227N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Little Elm, Denton County, Texas

When examining property taxes in Little Elm, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Denton County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Denton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Little Elm. For example, the median home price in Little Elm is $423,433, with tax bills ranging significantly across the county. Zip code 75068 has the highest median home price at $423,433.

Property Tax Assessment Values Across Little Elm, Denton County, Texas

Source: Ownwell

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$71,670

$760,835

$1,450,000

Median Little Elm Market Value

$423,433

Median Denton County Market Value

$438,301

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Little Elm, Denton County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75068$298,813$356,554$423,433$529,461$629,673
76227N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Little Elm, Denton County, Texas

In Little Elm, Denton County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. In Little Elm, the median home price is $423,433, with tax bills ranging significantly. Homeowners at the 25th percentile pay around $4,640, while those at the 75th percentile face bills of approximately $7,954. The 90th percentile sees tax bills as high as $9,583. These figures are considerably above the national median property tax bill of $2,400, reflecting the higher property values and tax rates in the area. Ownwell offers expert property tax appeal and exemption services, helping homeowners reduce their tax burden by ensuring their property is fairly assessed and qualifying them for applicable exemptions. By leveraging Ownwell's expertise, homeowners can potentially save significantly on their property tax bills.

Property Tax Bills Across Little Elm, Denton County, Texas

Source: Ownwell

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$1,175

$7,645

$14,114

Median Little Elm Tax Bill

$6,132

Median Denton County Tax Bill

$6,260

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Little Elm, Denton County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75068$3,218$4,640$6,132$7,954$9,583
76227N/AN/AN/AN/AN/A

Source: Ownwell

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