Dinero, Texas Property Taxes
The median property tax rate in Dinero, TX is 1.49%, which is considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $42,525 in Dinero, the typical annual property tax bill reaches $635, significantly below the national median of $2,690. Property taxes in Dinero are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Dinero'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 Dinero or another part of Live Oak County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dinero, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$634
$588
Ownwell’s Dinero Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dinero with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dinero 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 Dinero, Texas
Property taxes in Dinero, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dinero is 1.49%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Dinero set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dinero 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 Dinero's effective property tax rate to other counties in Texas and the national median. For comparison, the 78350 zip code has the highest median property tax rate of 1.49%, while the lowest median tax rate is also 1.49%. Understanding how these cities compare with Dinero provides valuable insights into the varying tax landscape across Live Oak County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dinero Tax Rate
1.49%
Average Live Oak County Tax Rate
1.49%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dinero, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78350 | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Dinero, Texas
In Dinero, 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 Live Oak 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 Dinero, 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. 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 Dinero helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Dinero is $635, found in the zip code 78350, which also has the lowest median tax bill at the same amount.
Average Dinero Assessed Value
$42,525
Average Live Oak County Assessed Value
$67,776
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dinero, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78350 | $18,944 | $32,199 | $42,525 | $69,305 | $135,084 |
Source: Ownwell
Property Tax Bills Across Dinero, Texas
Property tax bills in Dinero, located in Live Oak County, TX, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county's appraisal district, which evaluates the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $42,525, homeowners in Dinero can expect a median tax bill of approximately $635, which is significantly lower than the national median property tax rate of 0.99%. The tax bill can vary widely; the 25th percentile tax bill is around $480, while the 75th percentile tax bill reaches $1,034. At the 90th percentile, homeowners could see tax bills as high as $2,016. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life within the community. Homeowners in Dinero benefit from relatively low property tax rates compared to national averages, making it an attractive place for property investment.
Average Dinero Tax Bill
$635
Average Live Oak County Tax Bill
$1,069
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Dinero, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78350 | $283 | $480 | $635 | $1,034 | $2,016 |
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 | |
|---|---|
| Live Oak Appraisal District | |
| Website | propertysearch.liveoakcad.org |