Detroit, Texas Property Taxes
The median property tax rate in Detroit, TX is 0.62%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Detroit, the typical annual property tax bill reaches $552, significantly below the national median of $2,690. Property taxes in Detroit 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 Detroit'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 Detroit or another part of Lamar County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Detroit, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$682
$632
Ownwell’s Detroit Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Detroit. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Detroit to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities, making financial planning easier. For those interested in more detailed insights, neighborhood-level trends are available by scrolling down. Your property’s assessed value, determined by the county, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Detroit, Texas
Property taxes in Detroit, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Detroit is 0.62%, higher than both the Texas state median of 0.57% and the U.S. national median of 0.99%. Local government entities within Detroit set these rates annually, and they can vary significantly across different neighborhoods. Each year, Detroit 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 Detroit's effective property tax rate to other counties in Texas and the national median. For comparison, the 75436 zip code has the highest median property tax rate of 0.62%, while the 75436 zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Detroit provides valuable insights into the varying tax landscape across Lamar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Detroit Tax Rate
0.62%
Average Lamar County Tax Rate
1.12%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Detroit, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75436 | 0.15% | 0.24% | 0.62% | 1.12% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Detroit, Texas
In Detroit, 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 Lamar 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 Detroit, 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. The median home price in Detroit is $109,930, and the median tax bill ranges from $321 at the 25th percentile to $2,161 at the 90th percentile. The zip code with the highest median tax bill is 75436, with a median tax bill of $552. 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 Detroit helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Detroit Assessed Value
$109,930
Average Lamar County Assessed Value
$126,530
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Detroit, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75436 | $41,280 | $67,545 | $109,930 | $148,210 | $233,134 |
Source: Ownwell
Property Tax Bills Across Detroit, Texas
In Detroit, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. Homeowners in Detroit, located in Lamar County, face a range of property tax bills. For instance, the 25th percentile tax bill is $321, while the 75th percentile tax bill is $1,249, and the 90th percentile tax bill reaches $2,161. Various factors influence the tax bill, including the property's location, size, and improvements. Compared to the national median property tax rate of 0.99%, Detroit's property tax rates can significantly impact homeowners' financial planning. For example, with a median home price of $109,930, the property tax can be a considerable expense. The highest and lowest median tax bills in the county are both recorded at $552, showing some consistency within the area. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Detroit Tax Bill
$552
Average Lamar County Tax Bill
$1,230
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Detroit, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75436 | $126 | $321 | $552 | $1,249 | $2,161 |
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 | |
|---|---|
| Lamar Appraisal District | |
| Website | esearch.lamarcad.org |