Doole, Texas Property Taxes
The median property tax rate in Doole, TX is 1.62%, which is considerably higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With a median home value of $72,465 in Doole, the typical annual property tax bill amounts to $671, significantly lower than the national median of $2,690. Property taxes in Doole are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Doole'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 Doole or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Doole, 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 Doole Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Doole with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Doole 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 Doole, Texas
Property taxes in Doole, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Doole is 1.62%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Doole set these rates annually, and they can vary significantly across different neighborhoods. Each year, Doole 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 Doole's effective property tax rate to other counties in Texas and the national median. For comparison, the 76836 zip code has the highest median property tax rate of 1.62%, while the 76836 zip code also has the lowest median tax rate of 1.62%. Understanding how these cities compare with Doole provides valuable insights into the varying tax landscape across McCulloch County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Doole Tax Rate
1.62%
Average Mcculloch County Tax Rate
1.81%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Doole, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76836 | 0.57% | 1.13% | 1.62% | 1.82% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Doole, Texas
In Doole, 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 McCulloch 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 Doole, 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 Doole is $72,465, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $296, while at the 75th percentile, it is $1,805. By understanding 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 Doole helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Doole Assessed Value
$72,465
Average Mcculloch County Assessed Value
$74,310
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Doole, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76836 | $5,495 | $20,990 | $72,465 | $149,338 | $205,155 |
Source: Ownwell
Property Tax Bills Across Doole, Texas
In Doole, located in McCulloch County, TX, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in Doole is $72,465. Property taxes are then derived by applying the local tax rate to this assessed value. Homeowners in Doole can expect a wide range of tax bills. At the 25th percentile, the tax bill is around $296, while at the 75th percentile, it rises to approximately $1,805. For those at the 90th percentile, the tax bill can reach up to $2,677. Several factors influence these property tax assessments, including property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, Doole's tax bills can seem relatively manageable, but they still represent a significant expense for homeowners. Understanding these calculations can help homeowners budget effectively and explore potential exemptions or appeals to reduce their tax burden.
Average Doole Tax Bill
$671
Average Mcculloch County Tax Bill
$1,255
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Doole, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76836 | $100 | $296 | $671 | $1,805 | $2,677 |
Source: Ownwell