Muleshoe, Lamb County, Texas Property Taxes
Median Muleshoe, TX effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Muleshoe, TX home value: $50,970
Median annual Muleshoe, TX tax bill: $359, $2,041 lower than the national median property tax bill of $2,400.
How are property taxes in Lamb County calculated?
Property taxes in Muleshoe, 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 Muleshoe’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Muleshoe, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Muleshoe, Lamb County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.8%
Estimate Property Tax Bill
$408
$378
Property Tax Rates Across Muleshoe, Lamb County, Texas
Local government entities in Texas set property tax rates, which can vary significantly across the state. Each year, counties like Lamb estimate their required budget to provide essential services and then divide this amount by the total value of all taxable property within their jurisdiction. This process results in the property tax rate. While the setting of tax rates and budgets involves votes and laws, this is the annual procedure in a nutshell.
In Muleshoe, located in Lamb County, the effective property tax rate is 0.80%. This rate is lower than the national median property tax rate of 1.02%, making it an attractive option for homeowners. The median property tax bill in Muleshoe is also likely to be lower than the national median of $2,400, offering potential savings for residents. Comparatively, Muleshoe's property tax rate aligns with the lowest and highest median tax rates within its zip code, both standing at 0.80%. This consistency can provide a sense of stability and predictability for homeowners in the area.
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 Muleshoe Tax Rate
0.80%
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 Lamb County Tax Rate
2.05%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Muleshoe, Lamb County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79347 | 0.51% | 0.77% | 0.80% | 1.00% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Muleshoe, Lamb County, Texas
When examining property taxes in Muleshoe, 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 Lamb 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 Lamb County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Muleshoe.
For example, the median home price in Muleshoe is $50,970, with tax bills ranging significantly across the county. Zip code 79347 has the highest median home price at $50,970.
Property Tax Assessment Values Across Muleshoe, Lamb County, Texas
Source: Ownwell
$26,090
$55,820
$85,550
Median Muleshoe Market Value
$50,970
Median Lamb County Market Value
$37,240
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Muleshoe, Lamb County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79347 | $17,179 | $33,500 | $50,970 | $154,922 | $249,005 |
Source: Ownwell
Property Tax Bills Across Muleshoe, Lamb County, Texas
Median Muleshoe Tax Bill
$359
Median Lamb County Tax Bill
$638
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Muleshoe, Lamb County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79347 | $153 | $232 | $359 | $748 | $2,500 |
Source: Ownwell