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Lavon, Collin County, Texas Property Taxes

  • Median Lavon, TX effective property tax rate: 1.56%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Lavon, TX home value: $356,126

  • Median annual Lavon, TX tax bill: $5,870, $3,470 higher than the national median property tax bill of $2,400.

How are property taxes in Collin County calculated?

Property taxes in Lavon, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Lavon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lavon, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lavon, Collin County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.56%

Estimate Property Tax Bill

$5,556

$5,155

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Lavon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lavon with just two data points. By entering your property's estimated assessed value, our calculator applies Lavon’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Collin County — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Collin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lavon, Collin County, Texas

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Lavon’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Lavon, located in Collin County, has a median property tax rate of 1.56%, which is notably higher than the national median of 1.02%. This rate may impact homeowners differently based on their property’s assessed value and the services provided by the local government. Understanding these rates and how they compare to other areas can help homeowners make informed decisions about their property investments.

Property Tax Rates Across Lavon, Collin County, Texas

Source: Ownwell

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0.21%

1.09%

1.98%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Lavon Tax Rate

1.56%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Collin County Tax Rate

1.49%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lavon, Collin County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
751661.27%1.45%1.56%1.91%1.91%

Source: Ownwell

Property Tax Assessment Values Across Lavon, Collin County, Texas

When examining property taxes in Lavon, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Collin County Central Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Collin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lavon. For example, the median home price in Lavon is $356,126, with tax bills ranging significantly across the county. Zip code 75166 has the highest median home price at $356,126.

Property Tax Assessment Values Across Lavon, Collin County, Texas

Source: Ownwell

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$284,449

$817,099

$1,349,748

Median Lavon Market Value

$356,126

Median Collin County Market Value

$496,962

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lavon, Collin County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75166$124,394$300,000$356,126$424,174$531,499

Source: Ownwell

Property Tax Bills Across Lavon, Collin County, Texas

In Lavon, property tax bills are calculated based on the assessed value of your home, which is determined by the Collin County Appraisal District. The tax rate is applied to this assessed value to calculate your annual tax bill. Factors such as property location, improvements, and market trends can influence the assessed value. Homeowners in Lavon face tax bills that vary significantly, with the 25th percentile at $4,379 and the 75th percentile reaching $7,125. The highest median tax bill in the area is $5,870, which is notably higher than the national median property tax bill of $2,400. This can place a significant financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%. Ownwell assists homeowners by providing expert property tax appeal services. By challenging over-assessments and identifying potential exemptions, Ownwell helps reduce your property tax bill, ensuring you only pay your fair share. This can lead to substantial savings and financial relief for Lavon homeowners.

Property Tax Bills Across Lavon, Collin County, Texas

Source: Ownwell

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$797

$9,028

$17,259

Median Lavon Tax Bill

$5,870

Median Collin County Tax Bill

$6,925

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Lavon, Collin County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75166$1,216$4,379$5,870$7,125$8,347

Source: Ownwell

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