Leona, Texas Property Taxes
The median property tax rate in Leona, TX is 1.62%, slightly lower than the Texas state median of 1.67% but still significantly higher than the national median of 0.99%. With the median home value in Leona at $106,940, the typical annual property tax bill is around $1,413, which is below the national median of $2,690. Property taxes in Leona are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Leona's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Leona or another part of Leon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Leona, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Leona Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Leona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leona to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed insights, you can find trends on a neighborhood level by scrolling down. Your property’s assessed value is the figure assigned by the county for tax calculations, which includes any applicable exemptions.
Property Tax Rates Across Leona, Texas
Property taxes in Leona, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leona is 1.62%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Leona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leona estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Leona's effective property tax rate to other counties in Texas and the national median. For comparison, the 75850 zip code has the highest median property tax rate of 1.62%, while the lowest median tax rate is also 1.62%. Understanding how these cities compare with Leona provides valuable insights into the varying tax landscape across Leon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leona Tax Rate
1.62%
Average Leon County Tax Rate
1.60%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leona, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75850 | 0.43% | 1.62% | 1.62% | 1.62% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Leona, Texas
In Leona, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Leon County Appraisal District for tax purposes. In contrast, the assessed value 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. In Leona, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Leona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 75850 has the highest median tax bill at $1,413, which can be a significant factor for homeowners.
Average Leona Assessed Value
$106,940
Average Leon County Assessed Value
$129,755
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leona, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75850 | $21,233 | $46,790 | $106,940 | $229,848 | $381,560 |
Source: Ownwell
Property Tax Bills Across Leona, Texas
In Leona, Leon County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in Leona face a median property tax rate that aligns with the state average, significantly lower than the national median of 0.99%. For example, with a median home price of $106,940, homeowners can expect a range of tax bills. The 25th percentile tax bill is around $642, while those in the 75th percentile pay approximately $2,898. At the higher end, the 90th percentile tax bill reaches $4,685. The highest median tax bill recorded in the area is $1,413, which is consistent across different zip codes within Leon County. These property taxes fund essential local services such as schools, infrastructure, and emergency services. Consequently, while property taxes represent a significant expense for homeowners, they also contribute to the community's overall quality of life.
Average Leona Tax Bill
$1,413
Average Leon County Tax Bill
$1,738
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Leona, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75850 | $274 | $642 | $1,413 | $2,898 | $4,685 |
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 | |
|---|---|
| Leon Appraisal District | |
| Website | www.leoncad.org |