Lancaster, Texas Property Taxes
The median property tax rate in Lancaster, TX is 1.75%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Lancaster, the typical annual property tax bill reaches $4,620, exceeding the national median of $2,690. Property taxes in Lancaster 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 Lancaster'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 Lancaster 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
Lancaster, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$4,651
$4,303
$1,148
Average Lancaster, Texas Tax Savings
Ownwell’s Lancaster Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lancaster with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lancaster to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Lancaster. 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 Lancaster, Texas
Property taxes in Lancaster, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lancaster is 1.75%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Lancaster set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lancaster 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 Lancaster's effective property tax rate to other counties in Texas and the national median. For comparison, the 75146 zip code has the highest median property tax rate of 1.76%, while the 75134 zip code has the lowest median tax rate of 1.74%. Understanding how these cities compare with Lancaster provides valuable insights into the varying tax landscape across Dallas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lancaster Tax Rate
1.75%
Average Dallas County Tax Rate
1.71%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lancaster, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | |
| 75134 | 0.63% | 1.26% | 1.74% | 2.28% | 2.65% |
| 75146 | 0.71% | 1.21% | 1.76% | 2.30% | 2.65% |
Source: Ownwell
$1,148
Average Lancaster Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Lancaster, Texas
In Lancaster, 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 Dallas 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 Lancaster, 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 Lancaster helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Lancaster is $4,707 in the 75146 zip code, while the lowest is $4,560 in the 75134 zip code.
Average Lancaster Assessed Value
$265,770
Average Dallas County Assessed Value
$276,620
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lancaster, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | |
| 75134 | $168,290 | $214,862 | $260,330 | $299,560 | $343,420 |
| 75146 | $161,472 | $222,860 | $270,040 | $314,992 | $365,720 |
Source: Ownwell
$1,148
Average Lancaster Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Lancaster, Texas
In Lancaster, Dallas County, TX, property tax bills are calculated based on the assessed value of the home, which is determined by the local appraisal district. The median home price in Lancaster is $265,770, and the property tax rate is typically higher than the national median of 0.99%. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. Homeowners in Lancaster can expect tax bills ranging from the 25th percentile at $2,943 to the 90th percentile at $7,058, with the highest median tax bill reaching $4,707 in the 75146 zip code. High property taxes can be a burden for homeowners, but Ownwell can help reduce this financial strain. Our property tax consultants specialize in appealing assessed values and securing exemptions, potentially lowering your tax bill. By leveraging our expertise, homeowners can ensure their property is fairly assessed, leading to significant savings. Let Ownwell navigate the complexities of property tax appeals so you can enjoy greater financial peace of mind.
Average Lancaster Tax Bill
$4,620
Average Dallas County Tax Bill
$4,794
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lancaster, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | |
| 75134 | $1,424 | $3,008 | $4,560 | $5,676 | $6,903 |
| 75146 | $1,405 | $2,895 | $4,707 | $6,104 | $7,183 |
Source: Ownwell
$1,148
Average Lancaster Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Dallas Appraisal District | |
| Phone | (214) 631-0910 |
| Website | www.dallascad.org |
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