Larue, Texas Property Taxes
The median property tax rate in Larue, TX is 0.80%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $161,661 in Larue, the typical annual property tax bill is approximately $1,137, significantly less than the national median of $2,690. Property taxes in Larue are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Larue's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Larue or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Larue, 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 Larue Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Larue with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Larue 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 Larue, Texas
Property taxes in Larue, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Larue is 1.48%, which is higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Larue set these rates annually, and they can vary significantly across different neighborhoods. Each year, Larue 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 Larue's effective property tax rate to other counties in Texas and the national median. For comparison, the 75770 zip code has the highest median property tax rate of 1.48%, while the same 75770 zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Larue provides valuable insights into the varying tax landscape across Henderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Larue Tax Rate
0.80%
Average Henderson County Tax Rate
1.40%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Larue, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75770 | 0.16% | 0.41% | 0.80% | 1.42% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Larue, Texas
In Larue, 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 Henderson 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 Larue, 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. For instance, the median home price in Larue is $161,661, with tax bills ranging widely—from the 25th percentile at $305 to the 90th percentile at $6,707. 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 Larue helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Larue Assessed Value
$161,661
Average Henderson County Assessed Value
$139,776
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Larue, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75770 | $16,300 | $56,044 | $161,661 | $439,582 | $671,863 |
Source: Ownwell
Property Tax Bills Across Larue, Texas
In Larue, property tax bills are calculated based on the assessed value of a home, which is determined by the Henderson County appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence this calculation, including the property's market value, location, and any applicable exemptions or deductions. Homeowners in Larue experience a range of tax bills, reflecting the diverse property values within the area. For instance, the 25th percentile tax bill is $305, while the 75th percentile reaches $3281, and the 90th percentile escalates to $6707. Comparatively, the national median property tax rate is 0.99%, highlighting how local rates and property values can significantly impact tax obligations. These property taxes fund essential community services such as schools, emergency services, and infrastructure maintenance, directly affecting homeowners' quality of life. Understanding how these taxes are calculated helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Larue Tax Bill
$1,137
Average Henderson County Tax Bill
$1,470
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Larue, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75770 | $77 | $305 | $1,137 | $3,281 | $6,707 |
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 | |
|---|---|
| Henderson Appraisal District | |
| Website | esearch.henderson-cad.org |