Leonard, Collin County, Texas Property Taxes
Median Leonard, TX effective property tax rate: 0.22%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Leonard, TX home value: $352,516
Median annual Leonard, TX tax bill: $731, $1,669 lower than the national median property tax bill of $2,400.
How are property taxes in Collin County calculated?
Property taxes in Leonard, 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 Leonard’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Leonard, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Leonard, Collin County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.22%
Estimate Property Tax Bill
$776
$720
$1,102
Average Tax Savings
Property Tax Rates Across Leonard, Collin County, Texas
Local government entities set tax rates, which can vary widely within a state. This variance is due to each county estimating its required budget to provide services and then dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Leonard, located in Collin County, Texas, the effective property tax rate is considerably lower than both the state and national medians. With a median property tax rate of 0.22%, Leonard offers a more affordable tax environment compared to the national median of 1.02%. This makes Leonard an attractive option for property owners seeking lower tax obligations.
By comparing Leonard’s effective property tax rate to other cities in Texas and the median property tax rates nationally, potential homeowners and investors can make informed decisions. Leonard's competitive tax rate not only eases the financial burden on property owners but also makes it an appealing location for those looking to maximize their investment in real estate.
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 Leonard Tax Rate
0.22%
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 Leonard, Collin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75452 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,102
Average Leonard Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Leonard, Collin County, Texas
When examining property taxes in Leonard, 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 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 Leonard. For example, the median home price in Leonard is $352,516, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Leonard, Collin County, Texas
Source: Ownwell
$284,449
$817,099
$1,349,748
Median Leonard Market Value
$352,516
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 Leonard, Collin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75452 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,102
Average Leonard Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Leonard, Collin County, Texas
In Leonard, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is influenced by factors such as location, size, and home improvements. In Collin County, where Leonard is located, homeowners face a property tax rate that contributes to a wide range of tax bills. For instance, while some homeowners pay as little as $173, others might see bills as high as $4,172. This variance can significantly impact a homeowner's finances, as the national median property tax bill stands at $2,400.
Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing local tax assessments and comparable properties, Ownwell helps homeowners identify potential savings. Their expertise in navigating the complexities of property tax laws ensures that homeowners in Leonard can reduce their tax burden, potentially saving hundreds or even thousands of dollars annually.
Median Leonard Tax Bill
$731
Median Collin County Tax Bill
$6,925
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Leonard, Collin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75452 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,102
Average Leonard 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 | January 31 |
Links | |
|---|---|
| Collin Appraisal District | |
| Phone | (469) 742-9200 |
| Website | esearch.collincad.org |
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