Lingleville, Texas Property Taxes
The median property tax rate in Lingleville, TX is 1.17%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $133,190 in Lingleville, the typical annual property tax bill amounts to $1,557, falling below the national median of $2,690. Property taxes in Lingleville are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Lingleville'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 Lingleville 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
Lingleville, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,558
$1,442
Ownwell’s Lingleville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lingleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lingleville 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 Lingleville, Texas
Property taxes in Lingleville, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lingleville is 1.17%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Lingleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lingleville 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 Lingleville's effective property tax rate to other counties in Texas and the national median. For comparison, the 76461 zip code has the highest median property tax rate of 1.17%, while the 76461 zip code has the lowest median tax rate of 1.17%. Understanding how these cities compare with Lingleville provides valuable insights into the varying tax landscape across Erath County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lingleville Tax Rate
1.17%
Average Erath County Tax Rate
1.38%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lingleville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76461 | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Lingleville, Texas
In Lingleville, 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 Erath 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 Lingleville, 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 Lingleville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 76461 has the highest and lowest median tax bill, both at $1,557, indicating a uniform tax burden within the area.
Average Lingleville Assessed Value
$133,190
Average Erath County Assessed Value
$216,370
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lingleville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76461 | $133,190 | $133,190 | $133,190 | $133,190 | $133,190 |
Source: Ownwell
Property Tax Bills Across Lingleville, Texas
In Lingleville, located in Erath County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For Lingleville, the median home price stands at $133,190, and the property tax rate is reflective of the local policies and budgetary needs. Factors such as the property's location, size, and improvements can influence the assessed value. Unlike many regions where tax bills can vary significantly, Lingleville exhibits uniformity, with tax bills at the 25th, 75th, and 90th percentiles all being $1,557, which is also the highest and lowest median tax bill for the area. This consistent tax bill can provide homeowners with a predictable expense, aiding in financial planning. However, compared to the national median property tax rate of 0.99%, Lingleville's rate may differ, impacting the overall affordability and attractiveness of homeownership in the area.
Average Lingleville Tax Bill
$1,557
Average Erath County Tax Bill
$3,131
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lingleville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76461 | $1,557 | $1,557 | $1,557 | $1,557 | $1,557 |
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 | |
|---|---|
| Erath Appraisal District | |
| Website | esearch.erath-cad.com |