Laguna Park, Texas Property Taxes
The median property tax rate in Laguna Park, TX is 0.81%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Laguna Park at $276,516, the typical annual property tax bill reaches $1,949, falling below the national median of $2,690. Property taxes in Laguna Park 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 Laguna Park'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 Laguna Park or another part of Bosque County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Laguna Park, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$2,240
$2,078
Ownwell’s Laguna Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laguna Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laguna Park 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 Laguna Park, Texas
Property taxes in Laguna Park, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laguna Park is 0.81%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Laguna Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laguna Park 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 Laguna Park's effective property tax rate to other counties in Texas and the national median. For comparison, the 76634 zip code has both the highest and lowest median property tax rate of 0.81%. Understanding how these cities compare with Laguna Park provides valuable insights into the varying tax landscape across Bosque County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Laguna Park Tax Rate
0.81%
Average Bosque County Tax Rate
1.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laguna Park, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76634 | 0.56% | 0.66% | 0.81% | 0.97% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Laguna Park, Texas
In Laguna Park, 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 Bosque 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 Laguna Park, 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 Laguna Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Laguna Park are both $1,949, found in the 76634 zip code.
Average Laguna Park Assessed Value
$276,516
Average Bosque County Assessed Value
$159,096
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laguna Park, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76634 | $199,303 | $228,258 | $276,516 | $324,775 | $353,730 |
Source: Ownwell
Property Tax Bills Across Laguna Park, Texas
In Laguna Park, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value typically reflects a percentage of the home's market value. For instance, with a median home price of $276,516, the assessed value plays a crucial role in determining the final tax bill. Factors such as property location, size, and any improvements or renovations can influence this value. In Bosque County, where Laguna Park is situated, homeowners can expect their tax bills to fall within a certain range. At the 25th percentile, tax bills are around $1,911, while at the 75th percentile, they reach up to $1,987. The highest median tax bill in the area is $1,949, which aligns with the zip code 76634. These property taxes directly impact homeowners by affecting their annual expenses and potentially influencing their decisions about property investments and home improvements. Compared to the national median property tax rate of 0.99%, Laguna Park's rates offer a competitive landscape for homeowners.
Average Laguna Park Tax Bill
$1,949
Average Bosque County Tax Bill
$1,864
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Laguna Park, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76634 | $1,888 | $1,911 | $1,949 | $1,987 | $2,010 |
Source: 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 | |
|---|---|
| Bosque Appraisal District | |
| Website | esearch.bosquecad.com |