Prairie Lea, Texas Property Taxes
The median property tax rate in Prairie Lea, TX is 1.12%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Prairie Lea, the typical annual property tax bill reaches $1,958, falling below the national median of $2,690. Property taxes in Prairie Lea 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 Prairie Lea'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 Prairie Lea or another part of Caldwell County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Prairie Lea, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Prairie Lea Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Prairie Lea with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Prairie Lea 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 Prairie Lea, Texas
Property taxes in Prairie Lea, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Prairie Lea is 1.12%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Prairie Lea set these rates annually, and they can vary significantly across different neighborhoods. Each year, Prairie Lea 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 Prairie Lea's effective property tax rate to other counties in Texas and the national median. For comparison, the 78661 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Prairie Lea 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 Prairie Lea Tax Rate
1.12%
Average Caldwell County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Prairie Lea, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78661 | 0.51% | 0.90% | 1.12% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Prairie Lea, Texas
In Prairie Lea, 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 Prairie Lea, 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. For example, the median home price in Prairie Lea is $176,190, with tax bills ranging from $1,006 at the 25th percentile to $4,593 at the 90th percentile. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Notably, the zip code 78661 has the highest and lowest median tax bill at $1,958. Being aware of these valuation processes in Prairie Lea helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Prairie Lea Assessed Value
$176,190
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 Prairie Lea, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78661 | $43,575 | $84,710 | $176,190 | $270,980 | $443,064 |
Source: Ownwell
Property Tax Bills Across Prairie Lea, Texas
In Prairie Lea, located in Caldwell 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 Prairie Lea stands at $176,190. The assessed value, determined by the county appraisal district, is multiplied by the local property tax rate to calculate the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Prairie Lea can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is approximately $1,006, while the 75th percentile reaches around $3,056. At the higher end, the 90th percentile tax bill is about $4,593. These variations highlight the impact of property value assessments and tax rates on individual tax bills. Comparing this to the national median property tax rate of 0.99%, Prairie Lea's property tax rates and bills reflect local economic conditions and funding needs, affecting homeowners' annual financial obligations.
Average Prairie Lea Tax Bill
$1,958
Average Caldwell County Tax Bill
$2,989
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Prairie Lea, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78661 | $223 | $1,006 | $1,958 | $3,056 | $4,593 |
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 |