Springlake, Lamb County, Texas Property Taxes

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

Median Springlake, TX effective property tax rate: 1.66%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%. Median Springlake, TX home value: $43,800. Median annual Springlake, TX tax bill: $655, $1,745 lower than the national median property tax bill of $2,400.

How are property taxes in Lamb County calculated?

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

Last Updated March 1, 2025

Springlake, Lamb County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.66%

Estimate Property Tax Bill

$727

$675

Ownwell’s SPRINGLAKE Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in SPRINGLAKE with just two data points. By entering your property's estimated assessed value, our calculator applies SPRINGLAKE’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 Lamb County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Springlake, Lamb County, Texas

Local government entities determine tax rates, which can vary significantly within a state. Each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and regulations play a role in setting tax rates and budgets, this is essentially the annual process. In Springlake, located in Lamb County, Texas, the effective property tax rate is 1.66%, which aligns with the highest and lowest median tax rates within the area. This rate is notably higher than the national median property tax rate of 1.02%, highlighting the variance in property tax rates across different regions. When compared to other cities in Texas, Springlake's tax rate reflects the local financial requirements and property values. Understanding these differences can help property owners in Springlake anticipate their tax obligations and consider potential savings through tax appeal and exemption services.

Property Tax Rates Across Springlake, Lamb County, Texas

Source: Ownwell

0.80%

1.73%

2.67%

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 Springlake Tax Rate

1.66%

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 Springlake, Lamb County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79082	0.84%	1.25%	1.66%	2.53%	2.78%

Source: Ownwell

Property Tax Assessment Values Across Springlake, Lamb County, Texas

When examining property taxes in Springlake, 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 Springlake.

For example, the median home price in Springlake is $43,800, with tax bills ranging significantly across the county. ZIP code 79082 has the highest median home price at $43,800.

Property Tax Assessment Values Across Springlake, Lamb County, Texas

Source: Ownwell

$26,090

$55,820

$85,550

Median Springlake Market Value

$43,800

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 Springlake, Lamb County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79082	$4,474	$14,320	$43,800	$98,340	$176,284

Source: Ownwell

Property Tax Bills Across Springlake, Lamb County, Texas

In Springlake, Lamb County, TX, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the market value of the home, which can vary based on local assessments. With a median home price of $43,800, homeowners typically face property tax bills that range widely, from the 25th percentile at $236 to the 90th percentile at $2,447. This variance highlights the importance of accurate property assessments and the impact of local tax rates. While the highest and lowest median tax bills in the area are both $655, this figure still falls below the national median property tax bill of $2,400, reflecting a relatively lower tax burden for some homeowners in Springlake.

Ownwell can assist homeowners in Springlake by reviewing their property assessments to identify potential inaccuracies. By appealing these assessments, Ownwell can help reduce tax liabilities, ensuring homeowners are not overpaying. This service can provide significant savings, especially for those whose tax bills are closer to the higher percentiles.

Property Tax Bills Across Springlake, Lamb County, Texas

Source: Ownwell

$359

$541

$723

Median Springlake Tax Bill

$655

Median Lamb County Tax Bill

$638

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Springlake, Lamb County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79082	$85	$236	$655	$1,278	$2,447

Source: Ownwell