Lozano, Texas Property Taxes
The median property tax rate in Lozano, TX is 1.31%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $40,718 in Lozano, the typical annual property tax bill amounts to $474, significantly below the national median of $2,690. Property taxes in Lozano are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Lozano's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Lozano or another part of Cameron County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lozano, 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 Lozano, Texas Tax Savings
Ownwell’s Lozano Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lozano with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lozano 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 Lozano. 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 Cameron County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Lozano, Texas
Property taxes in Lozano, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lozano is 1.31%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Lozano set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lozano 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 Lozano's effective property tax rate to other counties in Texas and the national median. For comparison, the 78568 zip code has the highest median property tax rate of 1.31%, while the 78568 zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Lozano provides valuable insights into the varying tax landscape across Cameron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lozano Tax Rate
1.31%
Average Cameron County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lozano, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78568 | 0.30% | 0.51% | 1.31% | 1.74% | 2.23% |
Source: Ownwell
$1,148
Average Lozano Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Lozano, Texas
In Lozano, 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 Cameron 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 Lozano, 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 Lozano helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill of $474.00 is 78568, which also has the lowest median tax bill of $474.00, reflecting the uniformity in tax assessments within the area.
Average Lozano Assessed Value
$40,718
Average Cameron County Assessed Value
$129,230
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lozano, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78568 | $12,064 | $28,757 | $40,718 | $69,422 | $101,172 |
Source: Ownwell
$1,148
Average Lozano Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Lozano, Texas
In Lozano, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Lozano is $40,718, with property tax rates in Cameron County contributing to annual tax bills ranging from $220 at the 25th percentile to $1,174 at the 90th percentile. This wide range indicates that various factors, such as property size, location, and improvements, significantly influence the assessed value and subsequent tax bill. The highest median tax bill in the area is $474, consistent across zip code 78568. Homeowners in Lozano can find these tax bills burdensome, especially compared to the national median property tax rate of 0.99%. Ownwell provides specialized property tax appeal and exemption services to help homeowners reduce their tax liabilities. By analyzing property assessments and identifying discrepancies, Ownwell ensures that homeowners are not overpaying on their property taxes, potentially saving hundreds of dollars annually. This professional guidance can make a significant difference in managing and lowering property tax expenses.
Average Lozano Tax Bill
$474
Average Cameron County Tax Bill
$1,460
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lozano, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78568 | $117 | $220 | $474 | $701 | $1,174 |
Source: Ownwell
$1,148
Average Lozano 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 | |
|---|---|
| Cameron Appraisal District | |
| Phone | (956) 399-9322 |
| Website | cameron.prodigycad.com |
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