Lamb County Property Taxes
The median property tax rate in Lamb County is 2.05%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Lamb County, the typical annual property tax bill reaches $638, which is considerably lower than the national median of $2,690. Property taxes in Lamb County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Lamb County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Littlefield or another part of Lamb County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lamb County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.05%
Estimate Property Tax Bill
$763
$708
Ownwell’s Lamb County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lamb County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lamb County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Lamb County, Texas
Property taxes in Lamb County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lamb County is 2.05%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Lamb County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lamb County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Lamb County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Amherst has one of the higher property tax rates in Texas at 2.67%, while the city of Fieldton boasts one of the lowest at 0.63%. Analyzing how Lamb County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lamb County Tax Rate
2.05%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lamb County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amherst | 1.34% | 1.67% | 2.67% | 2.73% | 2.94% |
| Anton | 0.70% | 0.80% | 1.02% | 1.60% | 1.61% |
| Dimmitt | 0.69% | 0.71% | 0.96% | 1.31% | 1.52% |
| Earth | 1.32% | 1.68% | 2.15% | 2.71% | 2.92% |
| Enochs | 0.74% | 0.78% | 0.86% | 1.26% | 1.50% |
| Fieldton | 0.34% | 0.46% | 0.63% | 0.78% | 1.21% |
| Hale Center | 0.74% | 0.85% | 1.04% | 1.22% | 1.33% |
| Hart | 0.69% | 1.02% | 1.44% | 1.62% | 1.64% |
| Littlefield | 1.17% | 1.37% | 2.23% | 2.60% | 2.83% |
| Muleshoe | 0.51% | 0.77% | 0.80% | 1.00% | 1.79% |
| Olton | 1.12% | 1.49% | 1.98% | 2.40% | 2.62% |
| Spade | 0.71% | 0.85% | 1.12% | 1.60% | 1.62% |
| Springlake | 0.84% | 1.25% | 1.66% | 2.53% | 2.78% |
| Sudan | 1.09% | 1.64% | 1.99% | 2.63% | 2.87% |
Source: Ownwell
Property Tax Assessment Values Across Lamb County, Texas
In Lamb County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Lamb County Appraisal District. The assessed value, however, 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. Assessment notices in Lamb County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Lamb County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, homeowners in Hale Center face the highest median tax bill at $3,118, while those in Enochs see the lowest at $180. Understanding these differences can be crucial in managing your property tax expenses efficiently.
Average Lamb County Assessed Value
$37,240
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lamb County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amherst | $2,952 | $9,910 | $26,090 | $57,710 | $116,682 |
| Anton | $27,298 | $54,760 | $85,550 | $119,760 | $193,564 |
| Dimmitt | $61,651 | $73,202 | $90,090 | $112,255 | $133,306 |
| Earth | $3,746 | $9,220 | $33,070 | $78,290 | $141,448 |
| Enochs | $8,966 | $15,065 | $25,230 | $118,445 | $174,374 |
| Fieldton | $66,000 | $82,860 | $140,100 | $338,245 | $396,700 |
| Hale Center | $104,628 | $195,855 | $347,900 | $384,875 | $407,060 |
| Hart | $44,260 | $77,320 | $87,130 | $92,120 | $155,272 |
| Littlefield | $4,140 | $13,430 | $35,960 | $93,110 | $169,548 |
| Muleshoe | $17,179 | $33,500 | $50,970 | $154,922 | $249,005 |
| Olton | $4,394 | $10,400 | $40,560 | $86,850 | $143,070 |
| Spade | $14,355 | $21,060 | $37,545 | $88,510 | $102,235 |
| Springlake | $4,474 | $14,320 | $43,800 | $98,340 | $176,284 |
| Sudan | $3,846 | $13,400 | $39,130 | $89,020 | $140,304 |
Source: Ownwell
Property Tax Bills Across Lamb County, Texas
In Lamb County, 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 generate the annual tax bill. Several factors influence the assessed value, including the property's market value, improvements, and any exemptions that may apply. For homeowners in Lamb County, the median home price is $37,240, which means that property tax bills can vary significantly. At the 25th percentile, homeowners might see tax bills around $239, while those at the 75th percentile could face bills as high as $1,508. The 90th percentile tax bill reaches up to $2,830. In comparison to the national median property tax rate of 0.99%, Lamb County's rates can be seen as relatively moderate, but they still reflect the economic diversity within the region. For example, the highest median tax bill in the county is $3,118 in Hale Center, whereas the lowest is $180 in Enochs. This variation underscores the importance of understanding how local factors can impact property tax obligations.
Average Lamb County Tax Bill
$638
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lamb County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amherst | $76 | $228 | $519 | $1,028 | $1,800 |
| Anton | $195 | $395 | $723 | $1,516 | $1,885 |
| Dimmitt | $436 | $502 | $1,104 | $1,693 | $1,734 |
| Earth | $99 | $241 | $635 | $1,253 | $2,253 |
| Enochs | $101 | $131 | $180 | $996 | $1,485 |
| Fieldton | $399 | $497 | $867 | $1,552 | $3,188 |
| Hale Center | $858 | $1,705 | $3,118 | $4,531 | $5,379 |
| Hart | $294 | $840 | $1,244 | $1,446 | $1,707 |
| Littlefield | $97 | $247 | $634 | $1,687 | $3,218 |
| Muleshoe | $153 | $232 | $359 | $748 | $2,500 |
| Olton | $86 | $217 | $678 | $1,461 | $2,472 |
| Spade | $112 | $216 | $360 | $924 | $1,396 |
| Springlake | $85 | $236 | $655 | $1,278 | $2,447 |
| Sudan | $94 | $269 | $702 | $1,513 | $2,766 |
Source: Ownwell