Lytle, Texas Property Taxes
The median property tax rate in Lytle, TX is 2.01%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Lytle, the typical annual property tax bill reaches $2,690, matching the national median. Property taxes in Lytle 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 Lytle'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 Lytle 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
Lytle, 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 Lytle, Texas Tax Savings
Ownwell’s Lytle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lytle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lytle 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 Lytle. 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 Lytle, Texas
Property taxes in Lytle, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lytle is 2.01%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Lytle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lytle 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 Lytle's effective property tax rate to other counties in Texas and the national median. For comparison, the 78052 zip code has the highest median property tax rate of 2.01%, while the same zip code also has the lowest median tax rate of 2.01%. Understanding how these cities compare with Lytle 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 Lytle Tax Rate
2.01%
Average Bexar County Tax Rate
2.03%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lytle, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78052 | 1.36% | 1.62% | 2.01% | 2.01% | 2.01% |
Source: Ownwell
$1,148
Average Lytle Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Lytle, Texas
In Lytle, 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 Lytle, 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 Lytle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Lytle is $2,690 in the 78052 zip code, while the lowest is also $2,690 in the same zip code.
Average Lytle Assessed Value
$148,740
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 Lytle, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78052 | $37,986 | $84,375 | $148,740 | $268,420 | $396,536 |
Source: Ownwell
$1,148
Average Lytle Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Lytle, Texas
In Lytle, Bexar County, TX, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in Lytle is $148,740, with property tax bills ranging significantly. For instance, the 25th percentile tax bill is $1,488, while the 75th percentile reaches $4,670, and the 90th percentile can be as high as $6,415. These figures are influenced by the assessed value of the property, which is determined by the local tax assessor, and the tax rate set by various taxing authorities. Homeowners in Lytle may find their property taxes to be a substantial financial burden. However, Ownwell's property tax appeal and exemption services can help reduce these costs. By analyzing the assessed value and comparing it to market conditions, Ownwell can identify discrepancies and advocate for a lower assessment, potentially saving homeowners hundreds or even thousands of dollars annually. This proactive approach ensures homeowners are not overpaying and can keep more of their hard-earned money.
Average Lytle Tax Bill
$2,690
Average Bexar County Tax Bill
$5,362
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lytle, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78052 | $653 | $1,488 | $2,690 | $4,670 | $6,415 |
Source: Ownwell
$1,148
Average Lytle 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 | bexar.trueautomation.com |
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