Daingerfield, Texas Property Taxes
The median property tax rate in Daingerfield, TX is 1.39%, higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Daingerfield at $90,930, the typical annual property tax bill reaches $1,444, surpassing the national median of $2,690. Property taxes in Daingerfield are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Daingerfield'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 Daingerfield or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Daingerfield, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$1,264
$1,173
Ownwell’s Daingerfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Daingerfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Daingerfield 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 Daingerfield, Texas
Property taxes in Daingerfield, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Daingerfield is 1.39%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Daingerfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Daingerfield 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 Daingerfield's effective property tax rate to other counties in Texas and the national median. For comparison, the 75638 zip code has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Daingerfield provides valuable insights into the varying tax landscape across Morris County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Daingerfield Tax Rate
1.39%
Average Morris County Tax Rate
1.82%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Daingerfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75638 | 1.39% | 1.39% | 1.39% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Daingerfield, Texas
In Daingerfield, 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 Morris 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 Daingerfield, 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. For instance, the median home price in Daingerfield is $90,930, with tax bills ranging from $875 at the 25th percentile to $3,260 at the 90th percentile. Notably, the zip code 75638 has both the highest and lowest median tax bill, valued at $1,444. 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 Daingerfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Daingerfield Assessed Value
$90,930
Average Morris County Assessed Value
$87,670
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Daingerfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75638 | $28,920 | $53,600 | $90,930 | $153,830 | $223,800 |
Source: Ownwell
Property Tax Bills Across Daingerfield, Texas
In Daingerfield, located in Morris County, TX, property tax bills are calculated based on the assessed value of your home and the local property tax rate. The assessed value is determined by the county appraisal district and is intended to reflect the market value of your property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For Daingerfield, the median home price is $90,930. Homeowners in the 25th percentile can expect a tax bill around $875, whereas those in the 75th percentile may see bills as high as $2,327. At the 90th percentile, tax bills can reach up to $3,260. The highest and lowest median tax bills both stand at $1,444 in the zip code 75638. Compared to the national median property tax rate of 0.99%, the rates in Daingerfield can significantly affect homeowners, influencing everything from monthly budgets to long-term financial planning. Understanding these factors is crucial for effective property tax management.
Average Daingerfield Tax Bill
$1,444
Average Morris County Tax Bill
$1,437
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Daingerfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75638 | $455 | $875 | $1,444 | $2,327 | $3,260 |
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 | |
|---|---|
| Morris Appraisal District | |
| Website | search.morriscad.com |