Yorktown, Texas Property Taxes
The median property tax rate in Yorktown, TX is 1.39%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Yorktown at $99,470, the typical annual property tax bill reaches $1,185, which is below the national median of $2,690. Property taxes in Yorktown 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 Yorktown'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 Yorktown or another part of DeWitt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yorktown, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$1,383
$1,283
Ownwell’s Yorktown Property Tax Bill Calculator assists any homeowner, real estate investor, or potential owner in estimating their annual property taxes in Yorktown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yorktown 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 Yorktown, Texas
Property taxes in Yorktown, Texas, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Yorktown stands at 1.39%, which is notably higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Yorktown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yorktown 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 Yorktown's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 78164 has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Yorktown provides valuable insights into the varying tax landscape across DeWitt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Yorktown Tax Rate
1.39%
Average Dewitt County Tax Rate
1.51%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yorktown, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78164 | 0.77% | 0.95% | 1.39% | 1.60% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Yorktown, Texas
In Yorktown, 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 DeWitt 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 Yorktown, 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 Yorktown is $99,470, with tax bills ranging from $524 at the 25th percentile to $2,760 at the 90th percentile. The zip code 78164 has the highest median tax bill of $1,185. 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 Yorktown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Yorktown Assessed Value
$99,470
Average Dewitt County Assessed Value
$108,795
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yorktown, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78164 | $12,578 | $45,420 | $99,470 | $165,860 | $290,794 |
Source: Ownwell
Property Tax Bills Across Yorktown, Texas
In Yorktown, located in DeWitt County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Yorktown is $99,470. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $524 and the 75th percentile reaching up to $1,907. The tax bill in the 90th percentile can go as high as $2,760. These tax bills are determined by multiplying the assessed value of the property by the local tax rate. Factors that influence the assessed value include the property's market value, improvements made, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Yorktown's tax rates can lead to varying financial impacts on homeowners. While some may find their tax bills manageable, others could face a more substantial financial burden, especially those with higher-valued properties. The highest and lowest median tax bills in the area both stand at $1,185, highlighting some consistency across different zip codes within the city.
Average Yorktown Tax Bill
$1,185
Average Dewitt County Tax Bill
$1,417
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Yorktown, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78164 | $162 | $524 | $1,185 | $1,907 | $2,760 |
Source: 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 | |
|---|---|
| DeWitt Appraisal District | |
| Website | www.dewittcad.org |