Property Taxes in Denton, Texas Explained For Relocation Home Buyers and Families Moving To Denton
- Nitin Gupta, CRS, REALTOR
- Dec 12, 2024
- 3 min read
Understanding property taxes is essential for families relocating to Denton, Texas, as they significantly impact homeownership costs. Here's a comprehensive guide to help you navigate the property tax landscape in Denton.
1. Overview of Property Taxes in Denton
Property taxes in Denton are levied by multiple entities, including the county, city, school districts, and special districts. Each entity sets its own tax rate, which is applied to the assessed value of your property.
2. Property Tax Rates
The total property tax rate is the sum of rates from all applicable taxing authorities. For example, in 2024, the Denton Independent School District (DISD) adopted a total tax rate of $1.1569 per $100 of assessed value, with $0.6769 for maintenance and operations and $0.4800 for debt service.
Denton County Tax Web
3. Property Valuation
The Denton Central Appraisal District (DCAD) appraises properties annually to determine their market value. This assessed value serves as the basis for calculating property taxes. If you believe your property's assessed value is incorrect, you have the right to file a protest with DCAD.
4. Exemptions and Deferrals
Various exemptions can reduce your property's taxable value, thereby lowering your tax bill:
Homestead Exemption: Available for primary residences, this exemption reduces the taxable value of your home.
Over-65 Exemption: Homeowners aged 65 or older may qualify for additional exemptions and may be eligible for a tax ceiling on school district taxes.
Disabled Person Exemption: Individuals with disabilities can receive additional exemptions.
Disabled Veteran Exemption: Disabled veterans and their surviving spouses may qualify for exemptions based on the veteran's disability rating.
To apply for these exemptions, submit the appropriate forms to DCAD.
Denton CAD
5. Tax Calculation Example
Suppose your home is appraised at $300,000, and the combined tax rate from all taxing entities is 2.5%. Your annual property tax would be calculated as follows:
$300,000 (assessed value) × 2.5% (tax rate) = $7,500 (annual property tax)
If you qualify for a $25,000 homestead exemption, the taxable value becomes $275,000, resulting in:
$275,000 × 2.5% = $6,875 (reduced annual property tax)
6. Payment Deadlines and Penalties
Property tax bills are typically mailed in October, with payments due by January 31 of the following year. Payments made after this date incur penalties and interest. It's crucial to pay on time to avoid additional charges.
7. Resources and Assistance
Denton County Tax Assessor/Collector: Responsible for collecting property taxes and providing information on payment options.
Denton Central Appraisal District: Handles property valuations and exemption applications.
Understanding these aspects of property taxes in Denton will help you make informed decisions and effectively manage your financial responsibilities as a homeowner.
Contact Nitin Gupta today to start your journey toward finding your dream home in Denton!
Call us at 469-269-6541 for more information about Denton real estate!
About us: Denton New Construction Expert Real Estate Agent
As a Top Real Estate Professional in Denton, I understand the challenges that arise when buying a new construction home. There are over 100 builders in the DFW area. I work with most of the new home builders in Denton and understand how various builders operate. I am familiar with the options they offer, current incentives and I frequently visit the upcoming communities they are building. I guide my clients through all steps of the new home construction process and aggressively protect their interests in the transaction.
As a holder of top real estate industry certifications and designations like CRS, ABR & GRI, I can offer my clients experience as a Buyer's Agent and REALTOR®, top Industry Customer Service, in-depth, up-to-the-minute and comprehensive market knowledge; honesty, integrity, dedication, and professionalism in my business.
Whether you are a first time buyer in Denton looking to buy a home in Fields or whether you are relocating to Denton from California or moving your entire family from areas like San Francisco, Fremont, Palo Alto, Los Angeles, San Diego in California due to job transfer with your company, I can help you find a new construction home in Denton. Our relocation team eases the transition - whether you are moving across town or across the globe. We will work with you to find an area that best suits your professional, family and lifestyle needs. We have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, we can make this process as comfortable as possible no matter where you are located.
What is most important to you in your new construction home in Denton? Send us an email at info@NitinGuptaDFW.com or give us a call at (469) 269-6541 to schedule a no obligation consultation. We’ll give you honest advice about Fields community that you can use to help make your home buying decision.
