Lampasas County Property Taxes
The median property tax rate in Lampasas County is 0.89%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $268,280, the typical annual property tax bill in Lampasas County is $2,214, falling below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding the specific property tax system in Lampasas County, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Lampasas or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lampasas County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$2,388
$2,209
Ownwell's Lampasas County Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lampasas County with just two data points. By entering your property's estimated assessed value, our calculator uses the median tax rate in Lampasas County to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. To explore trends at a city level, scroll down to access more localized information. Your property's assessed value is the value assigned by the county for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Lampasas County, Texas
Property taxes in Lampasas play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lampasas is 0.89%, which is lower than the Texas state median of 1.81% but still close to the U.S. national median of 0.99%. Local government entities within Lampasas set these rates annually, and they can vary significantly between different areas within the county. Each year, Lampasas 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 Lampasas' effective property tax rate with other counties in Texas and the national median. For comparison, the city of Lampasas has one of the higher property tax rates in Texas at 0.99%, while the city of Izoro boasts one of the lowest at 0.53%. Analyzing how Lampasas' tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lampasas County Tax Rate
0.89%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lampasas County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bend | 0.11% | 0.11% | 0.11% | 0.38% | 0.53% |
| Copperas Cove | 0.37% | 0.66% | 0.91% | 1.32% | 1.53% |
| Evant | N/A | N/A | N/A | N/A | N/A |
| Gatesville | 0.11% | 0.20% | 0.23% | 0.31% | 0.44% |
| Goldthwaite | 0.16% | 0.19% | 0.20% | 0.52% | 1.04% |
| Izoro | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
| Kempner | 0.25% | 0.51% | 0.80% | 1.07% | 1.39% |
| Lampasas | 0.28% | 0.59% | 0.99% | 1.64% | 1.91% |
| Lometa | 0.15% | 0.35% | 0.72% | 1.44% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Lampasas County, Texas
In Lampasas 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 Lampasas 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 Lampasas 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. For instance, the city with the highest median tax bill in the county is Copperas Cove at $2,620, while Bend has the lowest median tax bill at $194. Being aware of these valuation processes in Lampasas County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Lampasas County Assessed Value
$268,280
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lampasas County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bend | $111,714 | $134,385 | $172,170 | $196,565 | $211,202 |
| Copperas Cove | $116,608 | $216,982 | $303,525 | $386,420 | $477,695 |
| Evant | N/A | N/A | N/A | N/A | N/A |
| Gatesville | $83,635 | $187,352 | $346,285 | $446,162 | $498,150 |
| Goldthwaite | $92,975 | $138,480 | $180,520 | $232,175 | $550,320 |
| Izoro | $148,640 | $148,640 | $148,640 | $148,640 | $148,640 |
| Kempner | $103,252 | $216,060 | $359,880 | $452,520 | $555,242 |
| Lampasas | $65,971 | $135,638 | $225,545 | $356,035 | $514,459 |
| Lometa | $41,056 | $95,050 | $185,740 | $380,650 | $722,254 |
Source: Ownwell
Property Tax Bills Across Lampasas County, Texas
In Lampasas County, TX, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Lampasas County experience a range of tax bills, influenced by factors such as property location and market value. For instance, the median home price in the county is $268,280. Tax bills vary significantly, with those in the 25th percentile paying around $972, while those in the 75th percentile face bills as high as $3,632. At the 90th percentile, tax bills can reach up to $5,158. The city's highest median tax bill is found in Copperas Cove at $2,620, whereas Bend has the lowest at $194. These variations can have a substantial impact on homeowners, affecting their overall financial planning and housing affordability. Compared to the national median property tax rate of 0.99%, the tax rates in Lampasas County highlight the diverse financial responsibilities of its residents.
Average Lampasas County Tax Bill
$2,214
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lampasas County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bend | $121 | $149 | $194 | $804 | $1,170 |
| Copperas Cove | $481 | $1,474 | $2,620 | $3,995 | $5,227 |
| Evant | N/A | N/A | N/A | N/A | N/A |
| Gatesville | $113 | $213 | $516 | $947 | $1,208 |
| Goldthwaite | $233 | $336 | $618 | $1,161 | $1,536 |
| Izoro | $794 | $794 | $794 | $794 | $794 |
| Kempner | $324 | $1,115 | $2,571 | $3,930 | $5,366 |
| Lampasas | $313 | $1,031 | $2,226 | $3,599 | $5,159 |
| Lometa | $188 | $519 | $1,263 | $2,406 | $4,184 |
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 | |
|---|---|
| Lampasas Appraisal District | |
| Website | www.lampasascad.org |