Eagle Lake, Texas Property Taxes
The median property tax rate in Eagle Lake, TX is 1.37%, which is considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Eagle Lake at $64,670, the typical annual property tax bill reaches $898, falling below the national median of $2,690. Property taxes in Eagle Lake are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Eagle Lake'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 Eagle Lake 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
Eagle Lake, 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 EAGLE LAKE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAGLE LAKE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAGLE LAKE 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 Eagle Lake, Texas
Property taxes in Eagle Lake, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eagle Lake is 1.37%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Eagle Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eagle Lake 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 Eagle Lake's effective property tax rate to other counties in Texas and the national median. For comparison, the 77434 zip code has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Eagle Lake provides valuable insights into the varying tax landscape across Colorado County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eagle Lake Tax Rate
1.37%
Average Colorado County Tax Rate
1.13%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eagle Lake, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77434 | 0.52% | 0.93% | 1.37% | 1.83% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across Eagle Lake, Texas
In Eagle Lake, 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 Colorado 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 Eagle Lake, 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. For example, the median home price in Eagle Lake is $64,670, with the 25th percentile tax bill at $346 and the 90th percentile reaching $3,282. The zip code 77434 has both the highest and lowest median tax bills at $898. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eagle Lake Assessed Value
$64,670
Average Colorado County Assessed Value
$111,020
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eagle Lake, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77434 | $8,829 | $28,010 | $64,670 | $127,240 | $218,394 |
Source: Ownwell
Property Tax Bills Across Eagle Lake, Texas
In Eagle Lake, located in Colorado County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in Eagle Lake experience property tax rates that can significantly impact their annual expenses. For instance, the median home price in the area is $64,670. Tax bills in Eagle Lake vary widely, with the 25th percentile tax bill at $346 and the 75th percentile reaching $1,899. In some cases, homeowners might face tax bills as high as $3,282, which is in the 90th percentile. Notably, the highest and lowest median tax bills in the region both stand at $898, concentrated in the 77434 zip code. Compared to the national median property tax rate of 0.99%, the rates in Eagle Lake can lead to a wide range of tax bills, affecting homeowners differently based on their property's assessed value and specific location within the county.
Average Eagle Lake Tax Bill
$898
Average Colorado County Tax Bill
$1,356
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Eagle Lake, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77434 | $152 | $346 | $898 | $1,899 | $3,282 |
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 | |
|---|---|
| Colorado Appraisal District | |
| Website | propaccess.trueautomation.com |