Lillian, Texas Property Taxes
The median property tax rate in Lillian, TX is 1.65%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $71,463 in Lillian, the typical annual property tax bill amounts to $1,050, surpassing the national median of $2,690. Property taxes in Lillian are based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Lillian'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 Lillian or another part of Johnson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lillian, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$1,179
$1,094
$1,148
Average Tax Savings
Ownwell’s Lillian Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lillian with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lillian 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 Lillian. 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 Lillian, Texas
Property taxes in Lillian, Texas, play a critical role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lillian is 1.65%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Lillian set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lillian 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 Lillian's effective property tax rate to other counties in Texas and the national median. For comparison, the 76061 zip code has the highest median property tax rate of 1.65%, while the same zip code also has the lowest median tax rate of 1.65%. Understanding how these cities compare with Lillian provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lillian Tax Rate
1.65%
Average Johnson County Tax Rate
2.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lillian, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76061 | 1.24% | 1.60% | 1.65% | 1.68% | 2.22% |
Source: Ownwell
$1,148
Average Lillian Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Lillian, Texas
In Lillian, 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 Johnson 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 Lillian, 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 in Lillian is $71,463, with tax bills ranging from $701 at the 25th percentile to $1,816 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 76061, with a median tax bill of $1,050. 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 Lillian Assessed Value
$71,463
Average Johnson County Assessed Value
$190,190
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lillian, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76061 | $15,072 | $30,888 | $71,463 | $86,432 | $130,395 |
Source: Ownwell
$1,148
Average Lillian Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Lillian, Texas
In Lillian, TX, property tax bills are calculated based on the assessed value of your home, which is determined by the Johnson County Appraisal District. The assessed value is then multiplied by the local tax rate to determine your annual property tax bill. For example, with a median home price of $71,463, homeowners can expect tax bills ranging from $701 at the 25th percentile to $1,816 at the 90th percentile. These figures can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Several factors, such as property location, improvements, and market conditions, influence the assessed value. This can result in higher tax bills, putting a strain on homeowners' finances. Ownwell helps homeowners save on their property tax bills by offering professional property tax appeal and exemption services. By leveraging their expertise, Ownwell ensures that your property is fairly assessed, potentially reducing your tax burden and providing substantial savings.
Average Lillian Tax Bill
$1,050
Average Johnson County Tax Bill
$4,339
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lillian, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76061 | $271 | $701 | $1,050 | $1,429 | $1,816 |
Source: Ownwell
$1,148
Average Lillian 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 | |
|---|---|
| Johnson Appraisal District | |
| Website | esearch.johnsoncad.com |
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