Deport, Texas Property Taxes
The median property tax rate in Deport, TX is 1.80%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Deport at $123,942, the typical annual property tax bill reaches $1,769, which is below the national median of $2,690. Property taxes in Deport are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Deport'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 Deport 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
Deport, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$2,231
$2,070
Ownwell’s Deport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deport 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 Deport, Texas
Property taxes in Deport, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deport is 1.80%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Deport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deport 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 Deport's effective property tax rate to other counties in Texas and the national median. For comparison, the 75435 zip code has the same median property tax rate of 1.80%. Understanding how these cities compare with Deport provides valuable insights into the varying tax landscape across Red River County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Deport Tax Rate
1.80%
Average Red River County Tax Rate
1.66%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deport, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75435 | 0.72% | 1.02% | 1.80% | 1.86% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Deport, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Deport, Texas. The market value represents the price a willing buyer would pay a willing seller in an open market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Red River 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 used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Deport, 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 Deport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Deport is $1,769 in zip code 75435, while the lowest is also $1,769 in the same zip code.
Average Deport Assessed Value
$123,942
Average Red River County Assessed Value
$92,290
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deport, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75435 | $19,367 | $57,074 | $123,942 | $226,553 | $305,648 |
Source: Ownwell
Property Tax Bills Across Deport, Texas
In Deport, located in Red River County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Deport experience a range of property tax bills, with the 25th percentile tax bill at $945 and the 75th percentile tax bill reaching $2,632. For those at the higher end, the 90th percentile tax bill can be as much as $4,224. These tax bills are influenced by various factors, including property size, location, and market conditions. With a median home price of $123,942, the property tax rate in Deport can significantly impact household budgets. Comparatively, the national median property tax rate is 0.99%, which helps put Deport's property tax landscape into perspective. Understanding these factors is crucial for homeowners as it directly affects their annual financial planning and the overall affordability of owning property in Deport.
Average Deport Tax Bill
$1,769
Average Red River County Tax Bill
$1,273
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Deport, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75435 | $317 | $945 | $1,769 | $2,632 | $4,224 |
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 | |
|---|---|
| Red River Appraisal District | |
| Website | rrcad.org |