Lueders, Texas Property Taxes
The median property tax rate in Lueders, TX is 1.17%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $202,765 in Lueders, the typical annual property tax bill amounts to $2,904, surpassing the national median of $2,690. Property taxes in Lueders are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Lueders' property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Lueders or another part of the city, having a grasp of the local property tax system is essential for financial planning and investment strategies.
Last Updated June 14, 2024
Lueders, 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 Lueders Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lueders with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lueders 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 Lueders, Texas
Property taxes in Lueders, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lueders is 1.17%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Lueders set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lueders 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 Lueders' effective property tax rate to other counties in Texas and the national median. For comparison, the 79533 zip code has the highest median property tax rate of 1.17%, while the 79533 zip code has the lowest median tax rate of 1.17%. Understanding how these cities compare with Lueders provides valuable insights into the varying tax landscape across Haskell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lueders Tax Rate
1.17%
Average Haskell County Tax Rate
1.85%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lueders, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79533 | 0.87% | 0.98% | 1.17% | 1.35% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Lueders, Texas
In Lueders, 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 Haskell 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 Lueders, 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. For example, the median home price in Lueders is $202,765, with tax bills ranging from $1,677 at the 25th percentile to $4,868 at the 90th percentile. 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 Lueders helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Lueders both stand at $2,904, specifically in the 79533 zip code.
Average Lueders Assessed Value
$202,765
Average Haskell County Assessed Value
$63,955
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lueders, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79533 | $85,465 | $129,452 | $202,765 | $276,078 | $320,065 |
Source: Ownwell
Property Tax Bills Across Lueders, Texas
Property tax bills in Lueders, located in Haskell County, TX, are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the market value, which is determined by the county appraisal district. For instance, if the median home price in Lueders is $202,765, the assessed value will be a fraction of this amount, depending on local assessment ratios. The tax rate is then applied to this assessed value to calculate the tax bill. Factors such as property size, location, and improvements can influence the assessed value, thus affecting the tax bill. In Lueders, the 25th percentile tax bill is $1,677, while the 75th percentile tax bill reaches $4,132, indicating variability based on property characteristics. Homeowners in the highest median tax bill bracket within the zip code 79533 could expect to pay around $2,904. These tax bills fund essential local services, impacting the overall community and individual financial planning.
Average Lueders Tax Bill
$2,904
Average Haskell County Tax Bill
$952
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lueders, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79533 | $940 | $1,677 | $2,904 | $4,132 | $4,868 |
Source: Ownwell