Dodd City, Texas Property Taxes
The median property tax rate in Dodd City, TX is 1.20%, slightly above the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $210,000, the typical annual property tax bill in Dodd City amounts to $2,040, which is below the national median of $2,690. Property taxes in Dodd City are calculated based on the tax assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural land. Understanding Dodd City'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 Dodd City or another part of Fannin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dodd City, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,520
$2,338
Ownwell’s Dodd City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dodd City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dodd City 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 Dodd City, Texas
Property taxes in Dodd City, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dodd City is 1.20%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Dodd City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dodd City 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 Dodd City's effective property tax rate to other counties in Texas and the national median. For comparison, the 75438 zip code has the highest median property tax rate of 1.20%, while the 75438 zip code has the lowest median tax rate of 1.20%. Understanding how these cities compare with Dodd City provides valuable insights into the varying tax landscape across Fannin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dodd City Tax Rate
1.20%
Average Fannin County Tax Rate
1.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dodd City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75438 | 0.46% | 0.78% | 1.20% | 1.33% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Dodd City, Texas
In Dodd City, 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 Fannin 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. Assessment notices in Dodd City 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 Dodd City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 75438 in Dodd City has both the highest and lowest median tax bills, each at $2040.
Average Dodd City Assessed Value
$210,000
Average Fannin County Assessed Value
$196,430
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dodd City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75438 | $42,000 | $106,060 | $210,000 | $375,740 | $634,720 |
Source: Ownwell
Property Tax Bills Across Dodd City, Texas
In Dodd City, located in Fannin 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 the property's market value. The tax rate, set by local taxing authorities, is then applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, a median home price in Dodd City is $210,000, and homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rates. The tax bill for the 25th percentile is around $1,022, while those in the 75th percentile may pay approximately $3,603. At the 90th percentile, the tax bill can reach up to $5,059. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, ensuring community development and maintenance.
Average Dodd City Tax Bill
$2,040
Average Fannin County Tax Bill
$2,400
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Dodd City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75438 | $458 | $1,022 | $2,040 | $3,603 | $5,059 |
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 | |
|---|---|
| Fannin Appraisal District | |
| Website | esearch.fannincad.org |