Canyon Lake, Texas Property Taxes
The median property tax rate in Canyon Lake, TX is 1.38%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Canyon Lake at $310,295, the typical annual property tax bill reaches $3,692, exceeding the national median of $2,690. Property taxes in Canyon Lake are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Canyon 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 Canyon 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
Canyon Lake, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$4,282
$3,974
$1,148
Average Tax Savings
Ownwell’s Canyon Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Canyon Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Canyon Lake 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 Canyon Lake. 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 Canyon Lake, Texas
Property taxes in Canyon Lake, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Canyon Lake is 1.38%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Canyon Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Canyon 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 Canyon Lake's effective property tax rate to other counties in Texas and the national median. For comparison, the 78070 zip code has the highest median property tax rate of 1.49%, while the 78133 zip code has the lowest median tax rate of 1.38%. Understanding how these cities compare with Canyon Lake provides valuable insights into the varying tax landscape across Comal County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Canyon Lake Tax Rate
1.38%
Average Comal County Tax Rate
1.46%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Canyon Lake, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78070 | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% |
| 78133 | 0.74% | 0.97% | 1.38% | 1.49% | 1.49% |
| 78163 | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% |
Source: Ownwell
$1,148
Average Canyon Lake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Canyon Lake, Texas
In Canyon 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 Comal 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. Assessment notices in Canyon Lake 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 the area is $310,295, with tax bills ranging from $1,431 at the 25th percentile to $10,327 at the 90th percentile. The highest median tax bill of $11,094 can be found in zip code 78163, while the lowest median tax bill of $3,692 is in zip code 78133. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Canyon Lake Assessed Value
$310,295
Average Comal County Assessed Value
$414,440
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Canyon Lake, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78070 | $267,443 | $267,443 | $267,443 | $267,443 | $267,443 |
| 78133 | $53,091 | $123,535 | $310,295 | $533,820 | $853,582 |
| 78163 | $743,940 | $743,940 | $743,940 | $743,940 | $743,940 |
Source: Ownwell
$1,148
Average Canyon Lake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Canyon Lake, Texas
In Canyon Lake, Comal County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county appraisal district, reflecting the market value of your property. Homeowners in Canyon Lake face varying tax bills, with the 25th percentile at $1,431 and the 75th percentile reaching $6,408. For those at the 90th percentile, tax bills can soar to $10,327. These figures highlight the significant impact property taxes can have on household budgets. Ownwell can help homeowners in Canyon Lake reduce their property tax bills by providing expert property tax appeal and exemption services. By analyzing the assessed value and comparing it with similar properties, Ownwell identifies discrepancies and files appeals on behalf of homeowners. This professional intervention can lead to substantial savings, ensuring that homeowners are not overpaying on their property taxes. With Ownwell's assistance, you can achieve a fair tax bill and potentially save thousands of dollars annually.
Average Canyon Lake Tax Bill
$3,692
Average Comal County Tax Bill
$5,871
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Canyon Lake, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78070 | $3,988 | $3,988 | $3,988 | $3,988 | $3,988 |
| 78133 | $571 | $1,431 | $3,692 | $6,407 | $10,322 |
| 78163 | $11,094 | $11,094 | $11,094 | $11,094 | $11,094 |
Source: Ownwell
$1,148
Average Canyon Lake 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 | |
|---|---|
| Comal Appraisal District | |
| Website | esearch.comalad.org |
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