Levelland, Texas Property Taxes
The median property tax rate in Levelland, TX is 2.19%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Levelland at $83,035, the typical annual property tax bill reaches $1,690, still below the national median of $2,690. Property taxes in Levelland 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 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, understanding 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 empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Levelland with ease. By simply entering your property's estimated assessed value, the calculator applies the median tax rate in Levelland to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed insights, scroll down to discover neighborhood-level trends. Your property’s assessed value, determined by the county, is used for property tax calculations and may include applicable exemptions.
Property Tax Rates Across Levelland, Texas
Property taxes in Levelland, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Levelland is 2.19%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Levelland set these rates annually, and they can vary considerably 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 both the highest and lowest median property tax rate of 2.19%. Understanding how these areas 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
2.19%
Average Hockley County Tax Rate
2.18%
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 | 1.66% | 1.84% | 2.19% | 2.30% | 2.30% |
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 $83,035, with tax bills ranging from $675 at the 25th percentile to $4,906 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 79336, with a median tax bill of $1,692. 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
$83,035
Average Hockley County Assessed Value
$75,980
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 | $10,539 | $34,062 | $83,120 | $164,635 | $229,891 |
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 home. The assessed value is determined by the county appraisal district, which evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's location, size, and condition can affect its assessed value. For example, the median home price in Levelland is $83,035. Homeowners in the 25th percentile can expect a tax bill around $675, while those in the 75th percentile may see bills up to $3,381. At the 90th percentile, tax bills can reach $4,906. These property taxes significantly impact homeowners, as they are a recurring expense that must be budgeted for annually. Compared to the national median property tax rate of 0.99%, Levelland's property tax rate can vary, influencing the overall affordability of owning a home in this region.
Average Levelland Tax Bill
$1,690
Average Hockley County Tax Bill
$1,490
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 | $199 | $677 | $1,692 | $3,382 | $4,905 |
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 | |
|---|---|
| Hockley Appraisal District | |
| Website | propaccess.trueautomation.com |