Reno, Lamar County, Texas Property Taxes

Name: Property Tax Bills Across Reno, Lamar County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Reno, TX effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Reno, TX home value: $190,515
Median annual Reno, TX tax bill: $2,272, $128 lower than the national median property tax bill of $2,400.

How are property taxes in Lamar calculated?

Property taxes in Reno, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Reno’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Reno, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Reno, Lamar County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.24%

Estimate Property Tax Bill

$2,362

$2,192

Ownwell’s Reno Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Reno with just two data points. By entering your property's estimated assessed value, our calculator applies Reno’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lamar County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Reno, Lamar County, Texas

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results 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.

Below, you can compare Reno’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Reno, located in Lamar County, has a property tax rate of 1.24%. This is above the national median property tax rate of 1.02%. Residents in Reno might find themselves paying a higher property tax bill compared to the national median of $2400. When considering property tax appeals or exemptions, it's crucial to understand how your local rates compare to state and national averages. This knowledge can empower property owners to make informed decisions about their property tax obligations.

Property Tax Rates Across Reno, Lamar County, Texas

Source: Ownwell

0.48%

0.86%

1.24%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Reno Tax Rate

1.24%

Median Effective Lamar County Tax Rate

1.12%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Reno, Lamar County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
75462	0.65%	0.89%	1.24%	1.62%	1.74%

Source: Ownwell

Property Tax Assessment Values Across Reno, Lamar County, Texas

When examining property taxes in Reno, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lamar County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Lamar County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Reno. For example, the median home price in Reno is $190,515, with tax bills ranging significantly across the county. Zip code 75462 has the highest median home price at $190,515.

Property Tax Assessment Values Across Reno, Lamar County, Texas

Source: Ownwell

$80,665

$150,803

$220,940

Median Reno Market Value

$190,515

Median Lamar County Market Value

$126,530

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Reno, Lamar County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
75462	$110,250	$148,885	$190,515	$265,962	$337,130

Source: Ownwell

Property Tax Bills Across Reno, Lamar County, Texas

In Reno, TX, property tax bills are calculated based on the assessed value of a property, which is determined by the local appraisal district. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. With a median home price of $190,515, Reno homeowners face a range of tax bills, from the 25th percentile at $1,492 to the 75th percentile at $3,355, with the 90th percentile reaching $4,523. While the national median property tax bill stands at $2,400, Reno's highest and lowest median tax bills are both $2,272, slightly below the national average. Homeowners can find potential savings with Ownwell's expertise. By reviewing property assessments and identifying discrepancies, Ownwell helps homeowners challenge over-assessments, potentially lowering their tax bills. This service can lead to significant savings, providing financial relief for homeowners in Reno.

Property Tax Bills Across Reno, Lamar County, Texas

Source: Ownwell

$275

$1,333

$2,391

Median Reno Tax Bill

$2,272

Median Lamar County Tax Bill

$1,230

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Reno, Lamar County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
75462	$992	$1,492	$2,272	$3,355	$4,523

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