Lake Jackson, Texas Property Taxes
The median property tax rate in Lake Jackson, TX is 1.62%, notably higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With the median home value in Lake Jackson at $229,780, the typical annual property tax bill reaches $3,501, surpassing the national median of $2,690. Property taxes in Lake Jackson 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 Lake Jackson'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 Lake Jackson or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lake Jackson, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$3,722
$3,454
$1,148
Average Tax Savings
Ownwell’s Lake Jackson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lake Jackson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lake Jackson 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 Lake Jackson. 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 Lake Jackson, Texas
Property taxes in Lake Jackson, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lake Jackson is 1.62%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Lake Jackson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lake Jackson 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 Lake Jackson's effective property tax rate to other counties in Texas and the national median. For comparison, the 77566 zip code has the highest median property tax rate of 1.62%, while the same zip code has the lowest median tax rate of 1.62%. Understanding how these cities compare with Lake Jackson provides valuable insights into the varying tax landscape across Brazoria County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lake Jackson Tax Rate
1.62%
Average Brazoria County Tax Rate
1.96%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lake Jackson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77566 | 0.76% | 1.17% | 1.62% | 1.79% | 2.19% |
Source: Ownwell
$1,148
Average Lake Jackson Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Lake Jackson, Texas
In Lake Jackson, 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 Brazoria 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 Lake Jackson, 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 Lake Jackson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 77566, with a median tax bill of $3,501.
Average Lake Jackson Assessed Value
$229,780
Average Brazoria County Assessed Value
$236,820
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lake Jackson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77566 | $132,235 | $175,845 | $229,780 | $302,380 | $381,688 |
Source: Ownwell
$1,148
Average Lake Jackson Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Lake Jackson, Texas
In Lake Jackson, Brazoria County, TX, property tax bills are calculated based on the assessed value of a home. The median home price in the area is $229,780. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $2,356 and the 75th percentile reaching $4,809. The 90th percentile tax bill climbs even higher to $6,268. These figures highlight the substantial financial impact property taxes can have on homeowners. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. Factors such as property location, improvements, and market conditions are considered in the assessment process. Homeowners in Lake Jackson face a median tax bill of $3,501, which is notably higher than the national median property tax rate of 0.99%. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially lower their assessed values, thereby reducing their annual tax burden and saving significant amounts of money.
Average Lake Jackson Tax Bill
$3,501
Average Brazoria County Tax Bill
$4,022
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lake Jackson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77566 | $1,442 | $2,356 | $3,501 | $4,809 | $6,268 |
Source: Ownwell
$1,148
Average Lake Jackson 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 | |
|---|---|
| Brazoria Appraisal District | |
| Website | esearch.brazoriacad.org |
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