Denver City, Texas Property Taxes
The median property tax rate in Denver City, TX is 1.14%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $77,255 in Denver City, the typical annual property tax bill amounts to $675, falling below the national median of $2,690. Property taxes in Denver City are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding the property tax system in Denver City, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Denver City or another part of Gaines County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Denver City, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Denver City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Denver City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Denver 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 Denver City, Texas
Property taxes in Denver City, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Denver City is 1.14%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Denver City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Denver 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 Denver City's effective property tax rate to other counties in Texas and the national median. For comparison, the 79323 zip code has the highest median property tax rate of 1.14%, while the same 79323 zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Denver City provides valuable insights into the varying tax landscape across Gaines County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Denver City Tax Rate
1.14%
Average Gaines County Tax Rate
1.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Denver City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79323 | 0.29% | 0.65% | 1.14% | 1.57% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Denver City, Texas
In Denver 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 Gaines 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 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 Denver City is $77,255. Tax bills can vary significantly, with the 25th percentile at $289 and the 75th percentile at $1,492. The zip code with the highest and lowest median tax bill is 79323, both at $675. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Denver City Assessed Value
$77,255
Average Gaines County Assessed Value
$85,350
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Denver City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79323 | $14,933 | $31,025 | $77,255 | $147,340 | $234,225 |
Source: Ownwell
Property Tax Bills Across Denver City, Texas
In Denver City, Gaines County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. For example, with a median home price of $77,255, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is approximately $289, while at the 75th percentile, it can rise to around $1,492. The 90th percentile sees tax bills reaching up to $2,917. These tax amounts are influenced by several factors, including the property's assessed value, any applicable exemptions, and the specific tax rates set by local taxing authorities. Compared to the national median property tax rate of 0.99%, the tax rates in Denver City can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Denver City Tax Bill
$675
Average Gaines County Tax Bill
$1,283
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Denver City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79323 | $103 | $289 | $675 | $1,492 | $2,917 |
Source: Ownwell