Dumas, Texas Property Taxes
The median property tax rate in Dumas, TX is 1.94%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Dumas at $125,040, the typical annual property tax bill reaches $2,136, which is below the national median of $2,690. Property taxes in Dumas are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dumas'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 Dumas or another part of Moore County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dumas, 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 Dumas Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Dumas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dumas to predict your property tax bill. This valuable tool enables you to understand your potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value, determined by Moore County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Dumas, Texas
Property taxes in Dumas, Texas, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Dumas is 1.94%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities in Dumas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dumas 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 Dumas's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 79029 has the highest median property tax rate of 1.94%, while the same zip code also has the lowest median tax rate of 1.94%. Understanding how these areas compare with Dumas provides valuable insights into the varying tax landscape across Moore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dumas Tax Rate
1.94%
Average Moore County Tax Rate
1.99%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dumas, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79029 | 0.73% | 1.37% | 1.94% | 2.42% | 2.50% |
Source: Ownwell
Property Tax Assessment Values Across Dumas, Texas
In Dumas, 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 Moore 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 Dumas, 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 Dumas is $125,040, with tax bills ranging from $911 at the 25th percentile to $4,640 at the 90th percentile. Notably, the highest and lowest median tax bills both come from the 79029 zip code, each at $2,136. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dumas Assessed Value
$125,040
Average Moore County Assessed Value
$109,905
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dumas, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79029 | $17,479 | $70,780 | $125,040 | $187,575 | $260,334 |
Source: Ownwell
Property Tax Bills Across Dumas, Texas
In Dumas, located in Moore County, TX, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $125,040, homeowners in Dumas can expect a range of tax bills. The 25th percentile tax bill is around $911, whereas the 75th percentile tax bill reaches up to $3,312. At the 90th percentile, the tax bill can be as high as $4,640. The highest median tax bill in the area is $2,136, which is significantly higher than the national median property tax rate of 0.99%. These tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning. Understanding these factors is crucial for managing property-related expenses effectively.
Average Dumas Tax Bill
$2,136
Average Moore County Tax Bill
$1,748
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Dumas, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79029 | $306 | $911 | $2,136 | $3,312 | $4,640 |
Source: Ownwell