Lockhart, Texas Property Taxes
The median property tax rate in Lockhart, TX is 1.46%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Lockhart at $287,570, the typical annual property tax bill reaches $4,067, exceeding the national median of $2,690. Property taxes in Lockhart 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 Lockhart'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 Lockhart 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
Lockhart, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$4,199
$3,896
Ownwell’s Lockhart Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lockhart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lockhart 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 Lockhart, Texas
Property taxes in Lockhart, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lockhart is 1.46%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Lockhart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lockhart 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 Lockhart's effective property tax rate to other counties in Texas and the national median. For comparison, the 78644 zip code has the highest median property tax rate of 1.46%, while the 78644 zip code has the lowest median tax rate of 1.46%. Understanding how these cities compare with Lockhart provides valuable insights into the varying tax landscape across Caldwell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lockhart Tax Rate
1.46%
Average Caldwell County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lockhart, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78644 | 0.67% | 1.05% | 1.46% | 1.94% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Lockhart, Texas
In Lockhart, 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 Caldwell 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 Lockhart, 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 Lockhart helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $4,067 in the 78644 zip code, while the lowest median tax bill is also $4,067 in the same zip code, demonstrating a uniformity in tax bills across the region.
Average Lockhart Assessed Value
$287,570
Average Caldwell County Assessed Value
$238,560
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lockhart, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78644 | $70,000 | $161,060 | $287,570 | $401,975 | $620,642 |
Source: Ownwell
Property Tax Bills Across Lockhart, Texas
In Lockhart, Caldwell County, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $287,570, homeowners can expect varying tax bills depending on their property's assessed value and specific tax rate. Several factors influence the tax bill, including property location, size, and any applicable exemptions. For example, the 25th percentile tax bill in Lockhart is around $2,070, while the 75th percentile tax bill reaches up to $5,884. The highest median tax bill in the area stands at $4,067, which is significantly higher than the national median property tax rate of 0.99%. These tax bills can significantly impact homeowners, affecting their annual budgeting and long-term financial planning. Higher property tax bills can be a financial burden, particularly for those on fixed incomes or with limited financial flexibility. Understanding how these taxes are calculated helps homeowners better manage their expenses and plan for the future.
Average Lockhart Tax Bill
$4,067
Average Caldwell County Tax Bill
$2,989
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lockhart, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78644 | $752 | $2,070 | $4,067 | $5,884 | $7,671 |
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 | |
|---|---|
| Caldwell Appraisal District | |
| Website | esearch.caldwellcad.org |