Dike, Hopkins County, Texas Property Taxes
Median Dike, TX effective property tax rate: 1.10%, slightly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Dike, TX home value: $197,460
Median annual Dike, TX tax bill: $1,702, $698 lower than the national median property tax bill of $2,400.
How are property taxes in Hopkins calculated?
Property taxes in Dike, 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 Dike’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Dike, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Dike, Hopkins County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.1%
Estimate Property Tax Bill
$2,172
$2,016
Property Tax Rates Across Dike, Hopkins County, Texas
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This is because each county estimates its required budget annually to provide necessary services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Dike, located in Hopkins County, Texas, the effective property tax rate reflects the county's budget needs and property values. Comparing Dike's rate to other cities in Texas can provide insight into how local rates align with the state's median. Texas has a median property tax rate of 1.10%, slightly above the national median of 1.02%. Understanding these rates can help property owners in Dike make informed decisions about property tax appeals and exemptions. By staying informed, residents can better navigate the complexities of property tax regulations and potentially reduce their tax burden.
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 Dike Tax Rate
1.10%
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 Hopkins County Tax Rate
1.66%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Dike, Hopkins County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75437 | 0.26% | 0.62% | 1.10% | 1.53% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Dike, Hopkins County, Texas
When examining property taxes in Dike, 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 Hopkins 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 Hopkins County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Dike.
For example, the median home price in Dike is $197,460, with tax bills ranging significantly across the county. 75437 has the highest median home price at $197,460.
Property Tax Assessment Values Across Dike, Hopkins County, Texas
Source: Ownwell
$93,125
$153,453
$213,780
Median Dike Market Value
$197,460
Median Hopkins County Market Value
$132,490
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Dike, Hopkins County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75437 | $42,696 | $96,260 | $197,460 | $364,080 | $605,558 |
Source: Ownwell
Property Tax Bills Across Dike, Hopkins County, Texas
Median Dike Tax Bill
$1,702
Median Hopkins County Tax Bill
$1,733
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Dike, Hopkins County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75437 | $294 | $817 | $1,702 | $3,051 | $4,694 |
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 | |
|---|---|
| Hopkins Appraisal District | |
| Website | iswdataclient.azurewebsites.net |