Canyon Lake, Texas Property Taxes
The median property tax rate in Canyon Lake, TX is 1.67%, significantly higher than both the national median of 0.99% and equal to the Texas state median. With the median home value in Canyon Lake at $247,359, the typical annual property tax bill reaches $4,138, well above 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
1.67%
Estimate Property Tax Bill
$4,131
$3,833
$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, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Canyon Lake is 1.67%, 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 78133 zip code has the highest median property tax rate of 1.67%, while the same zip code also holds the lowest median tax rate of 1.67%. 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
1.67%
Average Fort Bend County Tax Rate
1.70%
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 |
|---|---|---|---|---|---|
| 78133 | 1.67% | 1.67% | 1.67% | 1.67% | 1.67% |
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. In Canyon 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. The median home price is $247,359, with the highest and lowest median tax bill both recorded at $4,138 in the zip code 78133. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Canyon Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Canyon Lake Assessed Value
$247,359
Average Fort Bend County Assessed Value
$370,984
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 |
|---|---|---|---|---|---|
| 78133 | $247,359 | $247,359 | $247,359 | $247,359 | $247,359 |
Source: Ownwell
$1,148
Average Canyon Lake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Canyon Lake, Texas
Property tax bills in Canyon Lake, Fort Bend County, TX, are calculated based on the assessed value of a property, which is then multiplied by the local tax rate. In Canyon Lake, the median home price is $247,359, and the property tax rate is higher than the national median of 0.99%. This results in a median tax bill of $4,138, which is consistent across various percentiles in the area. Factors such as the property's market value, any applicable exemptions, and local tax levies all play a role in determining the final tax bill. For homeowners, these tax bills can be a significant financial burden. This is where Ownwell can make a difference. By offering property tax appeal and exemption services, Ownwell helps homeowners ensure their property is assessed fairly, potentially lowering their tax bills. Our expertise in navigating the appeals process and identifying eligible exemptions can result in substantial savings, providing homeowners with much-needed financial relief.
Average Canyon Lake Tax Bill
$4,138
Average Fort Bend County Tax Bill
$6,331
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 |
|---|---|---|---|---|---|
| 78133 | $4,138 | $4,138 | $4,138 | $4,138 | $4,138 |
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 | |
|---|---|
| Fort Bend Appraisal District | |
| Phone | (281) 344-8623 |
| Website | esearch.fbcad.org |
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