Lohn, Texas Property Taxes
The median property tax rate in Lohn, TX is 0.65%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Lohn at $304,320, the typical annual property tax bill amounts to $3,046, surpassing the national median of $2,690. Property taxes in Lohn are calculated based on the assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lohn'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 Lohn or elsewhere in Concho County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lohn, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Lohn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lohn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lohn 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 Lohn, Texas
Property taxes in Lohn, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lohn is 0.65%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Lohn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lohn 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 Lohn's effective property tax rate to other counties in Texas and the national median. For comparison, the 76852 zip code has the highest median property tax rate of 0.65%, while the lowest median tax rate also stands at 0.65%. Understanding how these cities compare with Lohn provides valuable insights into the varying tax landscape across Concho County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lohn Tax Rate
0.65%
Average Concho County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lohn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76852 | 0.64% | 0.64% | 0.65% | 1.06% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Lohn, Texas
In LOHN, 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 Concho 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 LOHN, 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 LOHN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in LOHN is 76852, with a tax bill of $3046.
Average Lohn Assessed Value
$304,320
Average Concho County Assessed Value
$75,090
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lohn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76852 | $285,120 | $292,320 | $304,320 | $393,550 | $447,088 |
Source: Ownwell
Property Tax Bills Across Lohn, Texas
In Lohn, located in Concho County, TX, property tax bills are calculated based on the assessed value of a home, not its market value. The assessed value is determined by the county's appraisal district and reflects the value assigned for tax purposes. Homeowners in Lohn face property tax bills that vary significantly, with the 25th percentile at $2,439 and the 75th percentile at $3,763. The highest median tax bill in the area is $3,046, while the 90th percentile reaches up to $4,193. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners, this means that an increase in the assessed value or local tax rate can lead to a higher tax bill. Compared to the national median property tax rate of 0.99%, Lohn's property tax rates can significantly impact homeowners' annual expenses, making it essential for them to stay informed and potentially seek ways to reduce their tax burden.
Average Lohn Tax Bill
$3,046
Average Concho County Tax Bill
$1,196
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lohn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76852 | $2,075 | $2,439 | $3,046 | $3,763 | $4,193 |
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 | |
|---|---|
| Concho Appraisal District | |
| Website | esearch.conchocad.org |