Horseshoe Lakes, Texas Property Taxes
The median property tax rate in Horseshoe Lakes, TX is 1.58%, which is notably higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With a median home value in Horseshoe Lakes, the typical annual property tax bill is $256, significantly lower than the national median of $2,690. Property taxes in Horseshoe Lakes are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Horseshoe Lakes' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Horseshoe Lakes 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
Horseshoe Lakes, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Horseshoe Lakes, Texas Tax Savings
Ownwell’s Horseshoe Lakes Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Horseshoe Lakes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Horseshoe Lakes to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Horseshoe Lakes. 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 Horseshoe Lakes, Texas
Property taxes in Horseshoe Lakes, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Horseshoe Lakes is 1.58%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Horseshoe Lakes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Horseshoe Lakes 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 Horseshoe Lakes' effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in Texas is found in zip code 75225, with a rate of 2.18%, while the lowest median tax rate is in zip code 79852, at 0.61%. Understanding how these cities compare with Horseshoe Lakes provides valuable insights into the varying tax landscape across Liberty County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Horseshoe Lakes Tax Rate
1.58%
Average Liberty County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Horseshoe Lakes, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Horseshoe Lakes Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Horseshoe Lakes, Texas
In Horseshoe Lakes, 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 Liberty 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 Horseshoe Lakes, 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. With a median home price of $16,240, homeowners in Horseshoe Lakes face varying tax bills. The 25th percentile tax bill is $256, while the 75th and 90th percentiles also stand at $256. 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 Horseshoe Lakes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Horseshoe Lakes Assessed Value
$16,240
Average Liberty County Assessed Value
$88,865
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Horseshoe Lakes, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Horseshoe Lakes Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Horseshoe Lakes, Texas
In Horseshoe Lakes, Liberty County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. For instance, with a median home price of $16,240, homeowners can expect their property tax bill to be around $256, as seen across the 25th, 75th, and 90th percentiles. This uniformity suggests a standardized tax rate applied across various property values. The tax rate in this region is notably lower than the national median property tax rate of 0.99%, making it relatively affordable for homeowners. Several factors influence the assessed value, including the property's size, age, and location. However, even with lower rates, homeowners might still feel the financial burden. This is where Ownwell steps in, offering property tax appeal and exemption services to help reduce these bills. By leveraging their expertise, Ownwell can identify discrepancies in assessments and apply for eligible exemptions, ensuring homeowners in Horseshoe Lakes pay only their fair share, potentially saving them a significant amount on their property tax bills.
Average Horseshoe Lakes Tax Bill
$256
Average Liberty County Tax Bill
$1,071
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Horseshoe Lakes, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Horseshoe Lakes Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Liberty Appraisal District | |
| Website | esearch.libertycad.com |
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