Lometa, Lampasas County, Texas Property Taxes

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

Median Lometa, TX effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Lometa, TX home value: $185,740
Median annual Lometa, TX tax bill: $1,263, $1,137 lower than the national median property tax bill of $2,400.

How are property taxes in Lampasas County calculated?

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

Last Updated March 1, 2025

Lometa, Lampasas County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.72%

Estimate Property Tax Bill

$1,337

$1,241

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

Property Tax Rates Across Lometa, Lampasas County, Texas

Local government entities set tax rates, which can vary widely within a state. The reason is that annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Lometa in Lampasas County, TX, the effective property tax rate is notably lower than both the state and national medians. This can be advantageous for property owners seeking to minimize their tax burden. Comparing Lometa’s tax rate to other cities in Texas and the national median reveals a significant difference, highlighting the potential savings for residents. With the national median property tax rate at 1.02% and the median bill at $2400, Lometa offers a more affordable option for property taxes. This lower rate can be particularly appealing for homeowners looking to invest or settle in regions with more favorable tax conditions.

Property Tax Rates Across Lometa, Lampasas County, Texas

Source: Ownwell

0.72%

0.85%

0.99%

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 Lometa Tax Rate

0.72%

Median Effective Lampasas County Tax Rate

0.89%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lometa, Lampasas County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
76853	0.15%	0.35%	0.72%	1.44%	1.97%

Source: Ownwell

Property Tax Assessment Values Across Lometa, Lampasas County, Texas

When examining property taxes in Lometa, 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 Lampasas 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. Assessment notices: Lampasas County sends assessment notices in the spring each year, typically reaching 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 Lometa. For example, the median home price in Lometa is $185,740, with tax bills ranging significantly across the county. Zip code 76853 has the highest median home price at $185,740.

Property Tax Assessment Values Across Lometa, Lampasas County, Texas

Source: Ownwell

$185,740

$272,810

$359,880

Median Lometa Market Value

$185,740

Median Lampasas County Market Value

$268,280

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lometa, Lampasas County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
76853	$41,056	$95,050	$185,740	$380,650	$722,254

Source: Ownwell

Property Tax Bills Across Lometa, Lampasas County, Texas

In the city of Lometa, located in Lampasas County, TX, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $185,740. The local tax rate is applied to this assessed value to determine the tax bill. Factors such as local government budgets and school funding requirements influence the rate, which can vary significantly. Homeowners in Lometa experience a range of tax bills, with the 25th percentile at $519 and the 90th percentile reaching $4,184. The median tax bill stands at $1,263, which is below the national median of $2,400, reflecting the relatively lower property tax burden in this area. However, property taxes can still be a significant expense for homeowners. Ownwell offers valuable assistance by identifying potential savings through property tax appeals and exemptions. By leveraging their expertise, homeowners can potentially reduce their tax bills, ensuring they only pay what is fair and equitable based on their property's assessed value.

Property Tax Bills Across Lometa, Lampasas County, Texas

Source: Ownwell

$1,263

$1,942

$2,620

Median Lometa Tax Bill

$1,263

Median Lampasas County Tax Bill

$2,214

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Lometa, Lampasas County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
76853	$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