Horseshoe Lake, Texas Property Taxes
The median property tax rate in Horseshoe Lake, TX is 1.58%, which is considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Horseshoe Lake, the typical annual property tax bill reaches $21, exceeding the national median of $2,690. Property taxes in Horseshoe Lake are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Horseshoe Lake'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 Horseshoe Lake or another part of Liberty County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Horseshoe Lake, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$21
$20
$1,148
Average Tax Savings
Ownwell’s Horseshoe Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Horseshoe Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Horseshoe Lake to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Horseshoe Lake. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Liberty County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Horseshoe Lake, Texas
Property taxes in Horseshoe Lake, Texas, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Horseshoe Lake is 1.58%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Horseshoe Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Horseshoe Lake 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 Horseshoe Lake's effective property tax rate to other counties in Texas and the national median. For comparison, the 77469 zip code has the highest median property tax rate of 2.37%, while the 79763 zip code has the lowest median tax rate of 0.34%. Understanding how these cities compare with Horseshoe Lake provides valuable insights into the varying tax landscape across Liberty County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Horseshoe Lake Tax Rate
1.58%
Average Liberty County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Horseshoe Lake, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Horseshoe Lake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Horseshoe Lake, Texas
In Horseshoe Lake, 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 local 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 Horseshoe Lake, 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 Horseshoe Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Horseshoe Lake Assessed Value
$1,330
Average Liberty County Assessed Value
$88,865
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Horseshoe Lake, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Horseshoe Lake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Horseshoe Lake, Texas
Property tax bills in Horseshoe Lake, TX, are determined based on the assessed value of a property. The local tax rate is applied to this assessed value to calculate the annual tax bill. Factors that influence the assessed value include the property's market value, location, and any improvements or changes made to the property. In Liberty County, where Horseshoe Lake is located, homeowners face a median home price of $1,330 and tax bills that typically range around $21 for the 25th, 75th, and 90th percentiles, which is significantly lower than the national median property tax rate of 0.99%. For homeowners, these property taxes can still represent a significant expense, especially if the assessed value of their property increases. This is where Ownwell can make a difference. By leveraging their expertise in property tax appeals and exemptions, Ownwell helps homeowners ensure their property is fairly assessed, potentially lowering their tax bills. This can result in substantial annual savings, making homeownership more affordable and less stressful.
Average Horseshoe Lake Tax Bill
$21
Average Liberty County Tax Bill
$1,071
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Horseshoe Lake, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Horseshoe Lake Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Liberty Appraisal District | |
| Website | esearch.libertycad.com |
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