Darrouzett, Lipscomb County, Texas Property Taxes
Median Darrouzett, TX effective property tax rate: 3.82%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%. Median Darrouzett, TX home value: $23,355. Median annual Darrouzett, TX tax bill: $750, $1,650 lower than the national median property tax bill of $2,400.
How are property taxes in Lipscomb County calculated?
Property taxes in Darrouzett, 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 Darrouzett’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Darrouzett, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Darrouzett, Lipscomb County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.82%
Estimate Property Tax Bill
$892
$828
Property Tax Rates Across Darrouzett, Lipscomb County, Texas
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation is due to each county annually estimating its budget needs to provide essential services and dividing that by the total value of all taxable property within its boundaries, resulting in the property tax rate. Although the process involves votes and legal considerations, this is the basic annual procedure.
You can compare Darrouzett’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Darrouzett, located in Lipscomb County, has a property tax rate of 3.82%, which is considerably higher than the national median of 1.02%. This means property owners in Darrouzett pay significantly more in property taxes compared to the national average. Understanding these differences can help property owners make informed decisions about their investments and potential savings.
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 Darrouzett Tax Rate
3.82%
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 Lipscomb County Tax Rate
2.36%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Darrouzett, Lipscomb County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79024 | 2.24% | 2.79% | 3.82% | 4.17% | 4.22% |
Source: Ownwell
Property Tax Assessment Values Across Darrouzett, Lipscomb County, Texas
When examining property taxes in Darrouzett, 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 Lipscomb 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 Lipscomb 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 Darrouzett. For example, the median home price in Darrouzett is $23,355, with tax bills ranging significantly across the county. 79024 has the highest median home price at $23,355.
Property Tax Assessment Values Across Darrouzett, Lipscomb County, Texas
Source: Ownwell
$16,810
$45,558
$74,305
Median Darrouzett Market Value
$23,355
Median Lipscomb County Market Value
$31,530
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Darrouzett, Lipscomb County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79024 | $1,584 | $7,158 | $23,355 | $46,840 | $72,106 |
Source: Ownwell
Property Tax Bills Across Darrouzett, Lipscomb County, Texas
Median Darrouzett Tax Bill
$750
Median Lipscomb County Tax Bill
$613
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Darrouzett, Lipscomb County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79024 | $60 | $195 | $750 | $1,455 | $2,444 |
Source: Ownwell