Lacy Lakeview, Texas Property Taxes
The median property tax rate in Lacy Lakeview, TX is 0.91%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Lacy Lakeview, the typical annual property tax bill reaches $4,210, significantly exceeding the national median of $2,690. Property taxes in Lacy Lakeview 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 Lacy Lakeview'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 Lacy Lakeview 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
Lacy Lakeview, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$4,855
$4,492
$1,148
Average Lacy Lakeview, Texas Tax Savings
Ownwell’s Lacy Lakeview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lacy Lakeview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lacy Lakeview 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 Lacy Lakeview. 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 Lacy Lakeview, Texas
Property taxes in Lacy Lakeview, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lacy Lakeview is 0.91%, which is lower than both the Texas state median of 1.9% and the U.S. national median of 0.99%. Local government entities within Lacy Lakeview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lacy Lakeview 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 Lacy Lakeview's effective property tax rate to other counties in Texas and the national median. For comparison, the 76705 zip code has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Lacy Lakeview provides valuable insights into the varying tax landscape across McLennan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lacy Lakeview Tax Rate
0.91%
Average Mclennan County Tax Rate
1.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lacy Lakeview, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76705 | 0.51% | 0.66% | 0.91% | 1.16% | 1.30% |
Source: Ownwell
$1,148
Average Lacy Lakeview Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Lacy Lakeview, Texas
In Lacy Lakeview, 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 McLennan 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 Lacy Lakeview, 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. 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 Lacy Lakeview helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both found in zip code 76705, with a value of $4,210.
Average Lacy Lakeview Assessed Value
$533,515
Average Mclennan County Assessed Value
$228,020
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lacy Lakeview, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76705 | $388,072 | $461,575 | $533,515 | $596,152 | $652,911 |
Source: Ownwell
$1,148
Average Lacy Lakeview Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Lacy Lakeview, Texas
Property tax bills in Lacy Lakeview, located in McLennan County, TX, are calculated based on the assessed value of a property and the local tax rate. The median home price in this area is $533,515, and property taxes are influenced by factors such as property size, location, and market conditions. For example, homeowners in the 25th percentile face an annual tax bill of $3,357, while those in the 75th percentile pay around $5,423. The highest median tax bill in the area is $4,210, found in zip code 76705. Given that the national median property tax rate is 0.99%, homeowners in Lacy Lakeview may find their tax burdens substantial. This is where Ownwell can make a difference. By leveraging expertise in property tax appeals and exemptions, Ownwell helps homeowners potentially lower their assessed values, thereby reducing their annual tax bills. Through personalized consultation and strategic appeals, Ownwell ensures homeowners in Lacy Lakeview pay only their fair share of property taxes.
Average Lacy Lakeview Tax Bill
$4,210
Average Mclennan County Tax Bill
$3,809
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lacy Lakeview, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76705 | $2,757 | $3,357 | $4,210 | $5,423 | $6,672 |
Source: Ownwell
$1,148
Average Lacy Lakeview 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 | |
|---|---|
| Mclennan Appraisal District | |
| Phone | (254) 752-9864 |
| Website | esearch.mclennancad.org |
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