Davilla, Texas Property Taxes
The median property tax rate in Davilla, TX is 1.02%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $104,310 in Davilla, the typical annual property tax bill amounts to $677, which is significantly below the national median of $2,690. Property taxes in Davilla are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Davilla's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Davilla or another part of Milam County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Davilla, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,064
$987
Ownwell’s Davilla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Davilla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Davilla 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 Davilla, Texas
Property taxes in Davilla, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Davilla is 1.02%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Davilla set these rates annually, and they can vary significantly across different neighborhoods. Each year, Davilla 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 Davilla's effective property tax rate to other counties in Texas and the national median. For comparison, the 76523 zip code has both the highest and lowest median property tax rate of 1.02%. Understanding how these cities compare with Davilla provides valuable insights into the varying tax landscape across Milam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Davilla Tax Rate
1.02%
Average Milam County Tax Rate
1.45%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Davilla, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76523 | 0.23% | 0.50% | 1.02% | 1.81% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Davilla, Texas
In Davilla, 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 Milam 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 Davilla, 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 Davilla helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Davilla is $677 in the zip code 76523, while the lowest median tax bill is also $677 in the same zip code.
Average Davilla Assessed Value
$104,310
Average Milam County Assessed Value
$146,970
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Davilla, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76523 | $27,496 | $56,698 | $104,310 | $263,002 | $612,414 |
Source: Ownwell
Property Tax Bills Across Davilla, Texas
In Davilla, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is determined by the county appraisal district. For instance, if a home in Davilla has a median home price of $104,310, the assessed value might be a fraction of this amount. The tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Davilla may find their tax bills vary significantly; the 25th percentile tax bill is around $420, while at the 75th percentile, it's about $2,120. For those at the 90th percentile, the tax bill can reach up to $4,003. These variations can significantly impact homeowners, making it essential to understand how these factors play a role in determining the final tax bill.
Average Davilla Tax Bill
$677
Average Milam County Tax Bill
$1,812
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Davilla, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76523 | $201 | $420 | $677 | $2,120 | $4,003 |
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 | |
|---|---|
| Milam Appraisal District | |
| Website | esearch.milamad.org |