Lyons, Texas Property Taxes
The median property tax rate in Lyons, TX is 1.17%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Lyons, the typical annual property tax bill amounts to $1,414, falling below the national median of $2,690. Property taxes in Lyons are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural land. Understanding Lyons' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Lyons 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
Lyons, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,684
$1,563
Ownwell’s Lyons Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lyons with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lyons 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 Lyons, Texas
Property taxes in Lyons, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lyons is 1.17%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Lyons set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lyons 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 Lyons' effective property tax rate to other counties in Texas and the national median. For comparison, the 77863 zip code has the highest median property tax rate of 1.17%, while the 77863 zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Lyons provides valuable insights into the varying tax landscape across Burleson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lyons Tax Rate
1.17%
Average Burleson County Tax Rate
1.38%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lyons, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77863 | 0.30% | 0.82% | 1.17% | 1.34% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Lyons, Texas
In Lyons, 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 Burleson 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 Lyons, 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 Lyons is $143,965, with tax bills ranging significantly. For example, the 25th percentile tax bill is $905, while the 75th percentile tax bill reaches $2,557, and the 90th percentile hits $3,513. 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 Lyons helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lyons Assessed Value
$143,965
Average Burleson County Assessed Value
$136,543
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lyons, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77863 | $51,776 | $85,964 | $143,965 | $317,106 | $596,006 |
Source: Ownwell
Property Tax Bills Across Lyons, Texas
In Lyons, located in Burleson County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Lyons is $143,965. To determine the tax bill, the assessed value of the property is multiplied by the local tax rate. For example, the tax bill at the 25th percentile is $905, while at the 75th percentile, it rises to $2,557. At the 90th percentile, homeowners can expect to pay around $3,513. Several factors influence the final tax bill, including property size, home improvements, and changes in the local tax rate. Homeowners in Lyons face varying tax bills, which can significantly impact their annual budget. Compared to the national median property tax rate of 0.99%, the tax rates in Burleson County can lead to considerable differences in the amount homeowners owe. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Lyons Tax Bill
$1,414
Average Burleson County Tax Bill
$1,645
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lyons, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77863 | $615 | $905 | $1,414 | $2,557 | $3,513 |
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 | |
|---|---|
| Burleson Appraisal District | |
| Website | esearch.burlesonappraisal.com |