Live Oak, Texas Property Taxes
The median property tax rate in Live Oak, TX is 1.90%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Live Oak at $254,980, the typical annual property tax bill reaches $4,977, surpassing the national median of $2,690. Property taxes in Live Oak are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Live Oak'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 Live Oak 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
Live Oak, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.9%
Estimate Property Tax Bill
$4,845
$4,496
$1,148
Average Tax Savings
Ownwell’s LIVE OAK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LIVE OAK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LIVE OAK 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 LIVE OAK. 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 Live Oak, Texas
Property taxes in Live Oak, Texas, are crucial for funding key local services, including public schools, road maintenance, and emergency services. The median tax rate in Live Oak is 2.13%, which is notably higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Live Oak set these rates annually, and they can vary significantly across different neighborhoods. Each year, Live Oak 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 Live Oak's effective property tax rate to other counties in Texas and the national median. For comparison, the 78233 zip code has the highest median property tax rate of 2.13%, while the lowest median tax rate is also 2.13%. Understanding how these cities compare with Live Oak provides valuable insights into the varying tax landscape across Bexar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Live Oak Tax Rate
1.90%
Average Bexar County Tax Rate
2.03%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Live Oak, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78148 | N/A | N/A | N/A | N/A | N/A |
| 78233 | 1.80% | 1.85% | 1.90% | 2.14% | 2.16% |
Source: Ownwell
$1,148
Average Live Oak Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Live Oak, Texas
In Live Oak, 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 Bexar 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 Live Oak, 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 Live Oak helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in Live Oak is $254,980. The tax bill at the 25th percentile is $4,423, while at the 75th percentile, it is $5,682. The highest median tax bill is $4,977 in the zip code 78233, which is also the lowest median tax bill in the area.
Average Live Oak Assessed Value
$254,980
Average Bexar County Assessed Value
$265,000
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Live Oak, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78148 | N/A | N/A | N/A | N/A | N/A |
| 78233 | $201,246 | $226,585 | $254,980 | $286,710 | $329,290 |
Source: Ownwell
$1,148
Average Live Oak Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Live Oak, Texas
Property tax bills in Live Oak, Bexar County, TX, 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 and reflects the market value of the home. For example, with a median home price of $254,980, homeowners might expect a tax bill around the 25th percentile at $4,423 or up to the 90th percentile at $6,468. These figures can significantly impact household budgets, making it essential for homeowners to understand their tax assessments. Several factors influence the tax bill, including property location, improvements, and market trends. High property taxes can strain finances, but Ownwell can assist by reviewing and appealing your property tax assessments. Our experts analyze your property's assessed value, compare it with similar properties, and identify discrepancies. By challenging inaccurate valuations, Ownwell helps reduce your tax burden, ensuring you don't overpay. With personalized service and a deep understanding of local tax laws, we make property tax savings achievable for homeowners in Live Oak.
Average Live Oak Tax Bill
$4,977
Average Bexar County Tax Bill
$5,362
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Live Oak, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78148 | N/A | N/A | N/A | N/A | N/A |
| 78233 | $3,922 | $4,423 | $4,977 | $5,682 | $6,468 |
Source: Ownwell
$1,148
Average Live Oak 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 | |
|---|---|
| Bexar Appraisal District | |
| Phone | (210) 335-2251 |
| Website | esearch.bcad.org |
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