Cunningham, Texas Property Taxes
The median property tax rate in Cunningham, TX is 0.24%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $133,820 in Cunningham, the typical annual property tax bill is $323, well below the national median of $2,690. Property taxes in Cunningham are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Cunningham'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 Cunningham 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
Cunningham, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.24%
Estimate Property Tax Bill
$321
$298
Ownwell’s Cunningham Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cunningham with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Cunningham to project your property tax bill. This tool provides a clear understanding of your potential tax liabilities, helping you make informed decisions. For more detailed insights on a neighborhood level, you can scroll down for localized information. Your property’s assessed value is determined by the county for property tax purposes, and it includes any applicable exemptions.
Property Tax Rates Across Cunningham, Texas
Property taxes in Cunningham, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cunningham is 1.21%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Cunningham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cunningham 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 Cunningham's effective property tax rate to other counties in Texas and the national median. For comparison, the 77024 zip code has the highest median property tax rate of 2.18%, while the 79852 zip code has the lowest median tax rate of 0.61%. Understanding how these cities compare with Cunningham provides valuable insights into the varying tax landscape across Lamar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cunningham Tax Rate
0.24%
Average Lamar County Tax Rate
1.12%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cunningham, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75434 | 0.24% | 0.24% | 0.24% | 0.24% | 0.24% |
Source: Ownwell
Property Tax Assessment Values Across Cunningham, Texas
In Cunningham, 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 Lamar 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 Cunningham, 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. 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 Cunningham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Cunningham are both $323, found in the 75434 zip code.
Average Cunningham Assessed Value
$133,820
Average Lamar County Assessed Value
$126,530
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cunningham, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75434 | $133,820 | $133,820 | $133,820 | $133,820 | $133,820 |
Source: Ownwell
Property Tax Bills Across Cunningham, Texas
In Cunningham, located in Lamar County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The median home price in Cunningham is $133,820, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Unlike many other regions, Cunningham has a uniform property tax bill across various percentiles, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $323. This consistency simplifies the tax landscape for homeowners. Factors such as property size, location, and market conditions influence the assessed value, which in turn affects the tax bill. Compared to the national median property tax rate of 0.99%, Cunningham's tax rate provides a relatively predictable and manageable financial obligation for homeowners. This stability can be beneficial for budgeting and long-term financial planning, ensuring that residents can anticipate their yearly property tax expenses without significant fluctuations.
Average Cunningham Tax Bill
$323
Average Lamar County Tax Bill
$1,230
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cunningham, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75434 | $323 | $323 | $323 | $323 | $323 |
Source: 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 | |
|---|---|
| Lamar Appraisal District | |
| Website | esearch.lamarcad.org |