Lufkin, Texas Property Taxes
The median property tax rate in Lufkin, TX is 1.97%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Lufkin, the typical annual property tax bill reaches $493, which is much lower than the national median of $2,690. Property taxes in Lufkin are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Lufkin'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 Lufkin 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
Lufkin, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.97%
Estimate Property Tax Bill
$493
$456
Ownwell’s Lufkin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lufkin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lufkin 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 Lufkin, Texas
Property taxes in Lufkin, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lufkin is 1.97%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Lufkin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lufkin 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 Lufkin's effective property tax rate to other counties in Texas and the national median. For comparison, the 75901 zip code has the highest median property tax rate of 1.97%, while the 75904 zip code has the lowest median tax rate of 1.97%. Understanding how these cities compare with Lufkin provides valuable insights into the varying tax landscape across San Augustine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lufkin Tax Rate
1.97%
Average San Augustine County Tax Rate
1.41%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lufkin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75901 | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% |
| 75904 | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Lufkin, Texas
In Lufkin, 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 San Augustine 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 Lufkin, 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 Lufkin is $25,045, with median tax bills ranging from $451 at the 25th percentile to $562 at the 90th percentile. The highest median tax bill is $579 in the 75901 zip code, while the lowest is $408 in the 75904 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lufkin Assessed Value
$25,045
Average San Augustine County Assessed Value
$60,840
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lufkin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75901 | $29,380 | $29,380 | $29,380 | $29,380 | $29,380 |
| 75904 | $20,710 | $20,710 | $20,710 | $20,710 | $20,710 |
Source: Ownwell
Property Tax Bills Across Lufkin, Texas
In Lufkin, located in San Augustine County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local appraisal district, which reviews property values annually. Once the assessed value is established, it is multiplied by the local property tax rate to calculate the tax bill. This rate can vary, but it is crucial in determining the final amount homeowners owe. Several factors influence the assessed value, including the property's market value, location, and any improvements made. For example, the median home price in Lufkin is $25,045, and property tax bills can range significantly. The 25th percentile tax bill is $451, while the 75th percentile tax bill is $536. The highest median tax bill in the area is $579 in the 75901 zip code, whereas the lowest is $408 in the 75904 zip code. These property taxes can significantly impact homeowners, influencing their monthly budgets and long-term financial planning. Understanding how these taxes are calculated can help homeowners better prepare for their annual tax obligations.
Average Lufkin Tax Bill
$493
Average San Augustine County Tax Bill
$792
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lufkin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75901 | $579 | $579 | $579 | $579 | $579 |
| 75904 | $408 | $408 | $408 | $408 | $408 |
Source: Ownwell