Meadowlakes, Texas Property Taxes
The median property tax rate in Meadowlakes, TX is 1.24%, notably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Meadowlakes at $466,876, the typical annual property tax bill reaches $5,816, which significantly exceeds the national median of $2,690. Property taxes in Meadowlakes 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 Meadowlakes' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Meadowlakes 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
Meadowlakes, 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 Meadowlakes, Texas Tax Savings
Ownwell’s Meadowlakes Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meadowlakes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meadowlakes 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 Meadowlakes. 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 Meadowlakes, Texas
Property taxes in Meadowlakes, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Meadowlakes is 1.24%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Meadowlakes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meadowlakes 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 Meadowlakes' effective property tax rate to other counties in Texas and the national median. For comparison, the 78654 zip code has the highest median property tax rate of 1.24%, while the same zip code has the lowest median tax rate of 1.24%. Understanding how these cities compare with Meadowlakes provides valuable insights into the varying tax landscape across Burnet County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Meadowlakes Tax Rate
1.24%
Average Burnet County Tax Rate
1.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meadowlakes, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78654 | 1.12% | 1.17% | 1.24% | 1.35% | 1.45% |
Source: Ownwell
$1,148
Average Meadowlakes Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Meadowlakes, Texas
In Meadowlakes, 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 Burnet 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 Meadowlakes, 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 Meadowlakes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Meadowlakes is $5,816, while the lowest is also $5,816, both in the 78654 zip code.
Average Meadowlakes Assessed Value
$466,876
Average Burnet County Assessed Value
$355,573
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meadowlakes, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78654 | $332,596 | $408,075 | $466,876 | $545,289 | $684,673 |
Source: Ownwell
$1,148
Average Meadowlakes Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Meadowlakes, Texas
In Meadowlakes, TX, property tax bills are calculated based on the assessed value of your home, which is determined by the Burnet County appraisal district. The tax rate is then applied to this assessed value to determine your annual property tax bill. Factors such as market conditions, property improvements, and neighborhood trends can affect your home's assessed value, leading to variations in your tax bill. For example, homeowners in Meadowlakes face tax bills ranging from $4,951 at the 25th percentile to $8,610 at the 90th percentile, with a median home price of $466,876. These tax bills can be a significant burden for homeowners. Ownwell can help by providing expert property tax appeal and exemption services, potentially lowering your assessed value and, consequently, your tax bill. With a thorough understanding of local property tax laws and market conditions, Ownwell's experienced consultants can identify discrepancies in your assessment and present a compelling case for reducing your property taxes, helping you save money year after year.
Average Meadowlakes Tax Bill
$5,816
Average Burnet County Tax Bill
$4,017
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Meadowlakes, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78654 | $4,318 | $4,951 | $5,816 | $6,863 | $8,610 |
Source: Ownwell
$1,148
Average Meadowlakes 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 | |
|---|---|
| Burnet Appraisal District | |
| Website | esearch.burnet-cad.org |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.