Denver City, Texas Property Taxes
The median property tax rate in Denver City, TX is 1.55%, which is higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With a median home value of $64,513 in Denver City, the typical annual property tax bill amounts to $904, much lower than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural use. Understanding Denver City'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 Denver City or another part of Yoakum County, grasping the local property tax framework will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Denver City, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$1,000
$925
Ownwell’s Denver City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Denver City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Denver City 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 Denver City, Texas
Property taxes in Denver City, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Denver City is 1.55%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Denver City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Denver City 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 Denver City's effective property tax rate to other counties in Texas and the national median. For comparison, the 79323 zip code has the highest median property tax rate of 1.55%, while the 79323 zip code has the lowest median tax rate of 1.55%. Understanding how these cities compare with Denver City provides valuable insights into the varying tax landscape across Yoakum County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Denver City Tax Rate
1.55%
Average Yoakum County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Denver City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79323 | 0.47% | 0.85% | 1.55% | 2.63% | 2.63% |
Source: Ownwell
Property Tax Assessment Values Across Denver City, Texas
In Denver City, 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 Yoakum 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 Denver City, 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 Denver City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $904.00 in zip code 79323.
Average Denver City Assessed Value
$64,513
Average Yoakum County Assessed Value
$60,076
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Denver City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79323 | $13,662 | $32,442 | $64,513 | $124,639 | $189,311 |
Source: Ownwell
Property Tax Bills Across Denver City, Texas
In Denver City, located in Yoakum County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Denver City is $64,513, and the property tax rate is applied to this assessed value to determine the annual tax bill. Various factors such as property improvements, neighborhood developments, and market conditions can influence the assessed value. Homeowners in Denver City experience a range of property tax bills. The 25th percentile tax bill is approximately $370, while the 75th percentile tax bill reaches around $1,764. For those at the higher end, the 90th percentile tax bill can be as much as $2,995. The highest and lowest median tax bills in the area are both $904, indicating a relatively uniform tax structure within certain zip codes. Compared to the national median property tax rate of 0.99%, Denver City's property tax rate results in a relatively manageable financial impact for homeowners. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Denver City Tax Bill
$904
Average Yoakum County Tax Bill
$762
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Denver City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79323 | $143 | $370 | $904 | $1,764 | $2,995 |
Source: Ownwell