Lamb County, Texas Property Taxes

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget for providing services and divides that amount by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Lamb County, Texas, the effective property tax rate is 2.05%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Lamb County to other regions, it becomes evident that property tax rates can differ widely. For instance, Amherst has the highest median tax rate in the region at 2.67%, while Muleshoe has the lowest at 0.80%. Understanding these differences can help property owners better navigate their tax obligations and potentially explore opportunities for tax appeals or exemptions.

In Lamb County, TX, property tax bills are determined by assessing the property's market value and applying the local tax rate. The county's property tax rate is significantly lower than the national median of 1.02%, leading to more affordable tax bills for homeowners. Homeowners in Lamb County experience a median property tax bill of $723 in Anton, the highest within the county, while Muleshoe has the lowest median tax bill at $359. These figures are well below the national median property tax bill of $2,400, highlighting the county's relatively low tax burden.

Factors influencing the tax bill include the property's assessed value, which reflects its market value, and the local tax rate set by the county. The 25th percentile tax bill in Lamb County is $239, while the 75th percentile reaches $1,508, and the 90th percentile is $2,830. These variations illustrate how property value and location within the county can affect the amount homeowners are required to pay. Lower tax bills can make homeownership more accessible and financially manageable for residents.