Lumberton, Texas Property Taxes
The median property tax rate in Lumberton, TX is 1.63%, which is considerably higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With the median home value in Lumberton at $165,943, the typical annual property tax bill reaches $2,329, still below the national median of $2,690. Property taxes in Lumberton 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 Lumberton'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 Lumberton 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
Lumberton, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$2,705
$2,503
Ownwell’s Lumberton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lumberton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lumberton 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 Lumberton, Texas
Property taxes in Lumberton, Texas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Lumberton is 1.63%, higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Lumberton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lumberton 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 Lumberton's effective property tax rate to other counties in Texas and the national median. For comparison, the 77657 zip code has the highest median property tax rate of 1.63%, while the same zip code also has the lowest median tax rate of 1.63%. Understanding how these cities compare with Lumberton provides valuable insights into the varying tax landscape across Hardin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lumberton Tax Rate
1.63%
Average Hardin County Tax Rate
1.51%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lumberton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77657 | 0.76% | 1.24% | 1.63% | 2.02% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Lumberton, Texas
In Lumberton, 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 Hardin 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 Lumberton, 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. The median home price in Lumberton is $165,943, with tax bills ranging from $855 at the 25th percentile to $6,008 at the 90th percentile. The zip code 77657 has the highest median tax bill at $2,329. 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 Lumberton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lumberton Assessed Value
$165,943
Average Hardin County Assessed Value
$101,546
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lumberton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77657 | $26,862 | $68,168 | $165,943 | $256,224 | $359,254 |
Source: Ownwell
Property Tax Bills Across Lumberton, Texas
In Lumberton, located in Hardin County, TX, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the property tax bill, including the property's location, size, and market conditions. Homeowners in Lumberton can expect a wide range of tax bills, with the 25th percentile at $855 and the 75th percentile at $4,033. The median home price in Lumberton is $165,943, which is relatively affordable compared to national averages. The property tax rate in Hardin County can significantly impact homeowners, particularly those with higher-valued properties. For instance, the 90th percentile tax bill reaches up to $6,008. Understanding how these factors interplay helps homeowners anticipate their tax responsibilities and plan their finances accordingly.
Average Lumberton Tax Bill
$2,329
Average Hardin County Tax Bill
$1,156
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lumberton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77657 | $312 | $855 | $2,329 | $4,033 | $6,008 |
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 | |
|---|---|
| Hardin Appraisal District | |
| Website | esearch.hardin-cad.org |