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What Is The Property Tax Rate In Little Elm, Texas? | Little Elm Real Estate Agent

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One important factor in home affordability in Little Elm, Texas is your Little Elm Texas property taxes. Here is some information about what the current property tax rates are for homes in Little Elm, Texas and how property taxes are calculated for homes for sale in Little Elm, Texas. To understand how different taxing authorities (either cities or counties in Texas) calculate your property tax, you have to understand the two factors used in taxation.

  1. The first is the assessed value of your Little Elm home

  2. The second is the total tax rate for your local city or county.

How is the home value assessed for property taxes in Little Elm, Texas?

Property taxes – also called ad valorem taxes – are based on the current market value of real estate and tangible personal property as appraised by the county appraisal district. The appraiser compares your home to others that have recently sold to determine its value. The appraised value of your property is then multiplied by the local property tax rate to determine your property tax bill.

The City of Little Elm lies in Denton County.

The Denton County Appraisal District appraises properties in Little Elm, which are located in Denton County.

The City of Little Elm, as one of the local taxing units, sets the City tax rate and collects property taxes based on the taxable value of properties within City boundaries. Taxable value is the appraised value less the value over the appraisal cap and locally approved exemptions.