Levelland, Texas Property Taxes
The median property tax rate in Levelland, TX is 2.99%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $82,786 in Levelland, the typical annual property tax bill is $2,621, which is close to the national median of $2,690. Property taxes in Levelland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Levelland'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 Levelland or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Levelland, 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 Levelland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Levelland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Levelland 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 Levelland, Texas
Property taxes in Levelland, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Levelland is 2.99%, significantly higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Levelland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Levelland 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 Levelland's effective property tax rate to other counties in Texas and the national median. For comparison, the 79336 zip code has the highest median property tax rate of 2.99%, while the 79336 zip code also has the lowest median tax rate of 2.99%. Understanding how these cities compare with Levelland provides valuable insights into the varying tax landscape across Hockley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Levelland Tax Rate
2.99%
Average Cochran County Tax Rate
3.27%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Levelland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79336 | 2.29% | 2.78% | 2.99% | 3.31% | 3.35% |
Source: Ownwell
Property Tax Assessment Values Across Levelland, Texas
In Levelland, 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 Hockley 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 Levelland, 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 Levelland is $82,786, with the 25th percentile tax bill at $914 and the 75th percentile tax bill at $3,033. The highest median tax bill in the area is $2,621, found in zip code 79336, which also has the lowest median 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 Levelland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Levelland Assessed Value
$82,786
Average Cochran County Assessed Value
$14,911
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Levelland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79336 | $16,540 | $47,032 | $82,786 | $98,429 | $167,066 |
Source: Ownwell
Property Tax Bills Across Levelland, Texas
In Levelland, located in Hockley County, TX, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of a home. Homeowners then pay a percentage of this assessed value as their property tax, influenced by the local tax rate. For instance, with a median home price of $82,786 in Levelland, homeowners can expect varying tax bills. The 25th percentile tax bill is around $914, while the 75th percentile reaches $3,033. At the 90th percentile, homeowners might see tax bills as high as $5,552. These figures highlight the significant range in tax liabilities depending on property values and specific assessments. Compared to the national median property tax rate of 0.99%, Levelland's tax bills reflect the local economic conditions and property values. This variability in property tax bills can significantly impact homeowners' annual expenses, influencing their financial planning and homeownership decisions.
Average Levelland Tax Bill
$2,621
Average Cochran County Tax Bill
$427
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Levelland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79336 | $287 | $914 | $2,621 | $3,033 | $5,552 |
Source: Ownwell