Lovelady, Houston County, Texas Property Taxes

Local government entities set tax rates, which can vary widely within a state. This occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Lovelady, located in Houston County, Texas, the effective property tax rate stands at 1.27%. This rate is higher than the national median property tax rate of 1.02%. However, it is consistent with the median property tax rate for Texas, which also stands at 1.27%. The median property tax bill in Lovelady is therefore likely higher than the national median of $2,400.

Comparing Lovelady’s effective property tax rate to other cities in Texas, it is evident that Lovelady's rate is on par with the highest and lowest rates in the state. This indicates a uniformity in tax assessments within the area, offering residents a predictable tax environment.

In Lovelady, located within Houston County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The median home price in Lovelady is $105,420. The property tax rate in Texas is relatively high compared to the national median of 1.02%, which can result in significant tax bills for homeowners. In Lovelady, the median tax bill is $1,266, with the 25th percentile at $381 and the 75th percentile at $2,277. These figures reflect the variability in tax burdens depending on property values and exemptions applied.

Homeowners can face financial strain due to these tax obligations, but Ownwell offers a solution. By providing property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills. With expert guidance, homeowners can ensure their property assessments are fair and accurate, potentially saving them a substantial amount on their annual tax expenses. This service can be particularly beneficial for those in Lovelady looking to manage their property tax liabilities effectively.