Lake Creek, Delta County, Texas Property Taxes

Name: Property Tax Bills Across Lake Creek, Delta County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median LAKE CREEK, TX effective property tax rate: 1.55%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median LAKE CREEK, TX home value: $231,090
Median annual LAKE CREEK, TX tax bill: $3,086, $686 higher than the national median property tax bill of $2,400.

How are property taxes in Delta County calculated?

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

Last Updated March 1, 2025

Lake Creek, Delta County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.55%

Estimate Property Tax Bill

$3,582

$3,324

Ownwell’s Lake Creek Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Creek with just two data points. By entering your property's estimated assessed value, our calculator applies Lake Creek’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a 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 Delta County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lake Creek, Delta County, Texas

Local government entities in Texas set property tax rates, which can vary significantly within the state. Each year, counties like Delta estimate the budget required to provide essential services. This budget is then divided by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.

In Lake Creek, located in Delta County, the effective property tax rate is 1.55%. This rate stands out when compared to the national median property tax rate of 1.02%. The median property tax rate in Texas also stands at 1.55%, aligning with the rate in Lake Creek. This comparison highlights how property tax rates in Texas can differ from the national average, emphasizing the importance of understanding local property tax dynamics. For property owners in Lake Creek, staying informed about these rates can make a significant difference in managing property tax expenses effectively.

Property Tax Rates Across Lake Creek, Delta County, Texas

Source: Ownwell

1.55%

2.01%

2.46%

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 Lake Creek Tax Rate

1.55%

Median Effective Delta County Tax Rate

2.34%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Creek, Delta County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
75450	0.49%	0.93%	1.55%	2.19%	2.46%

Source: Ownwell

Property Tax Assessment Values Across Lake Creek, Delta County, Texas

When examining property taxes in Lake Creek, 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 Delta 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.

In Delta County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Lake Creek.

For example, the median home price in Lake Creek is $231,090, with tax bills ranging significantly across the county. 75450 has the highest median home price at $231,090.

Property Tax Assessment Values Across Lake Creek, Delta County, Texas

Source: Ownwell

$55,745

$143,418

$231,090

Median Lake Creek Market Value

$231,090

Median Delta County Market Value

$122,915

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Creek, Delta County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
75450	$57,544	$118,830	$231,090	$456,590	$651,720

Source: Ownwell

Property Tax Bills Across Lake Creek, Delta County, Texas

In Lake Creek, Delta County, TX, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $231,090, homeowners can expect varying tax bills based on their property's assessed value. The tax bill for the 25th percentile is $1,683, indicating a lower tax burden for some, while those in the 75th percentile face a bill of $4,645. At the 90th percentile, the tax bill can reach up to $6,514, reflecting the potential financial impact on higher-valued properties. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, some homeowners in Lake Creek may experience higher costs. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially reduce their tax bills. By reviewing assessments and identifying discrepancies, Ownwell assists in securing fair valuations, ultimately leading to significant savings for property owners in Lake Creek.

Property Tax Bills Across Lake Creek, Delta County, Texas

Source: Ownwell

$1,075

$2,081

$3,086

Median Lake Creek Tax Bill

$3,086

Median Delta County Tax Bill

$2,570

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Creek, Delta County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
75450	$831	$1,683	$3,086	$4,645	$6,514

Source: Ownwell