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Buchanan Dam, Llano County, Texas Property Taxes

  • Median Buchanan Dam, TX effective property tax rate: 1.14%, slightly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Buchanan Dam, TX home value: $211,640

  • Median annual Buchanan Dam, TX tax bill: $2,100, $300 lower than the national median property tax bill of $2,400.

How are property taxes in Llano County calculated?

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

Last Updated March 1, 2025

Buchanan Dam, Llano County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.14%

Estimate Property Tax Bill

$2,413

$2,239

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Buchanan Dam Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Buchanan Dam with just two data points. By entering your property's estimated assessed value, our calculator applies Buchanan Dam’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Llano County — reflects any exemptions you may have, ensuring a more 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 Llano County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Buchanan Dam, Llano County, Texas

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budget needs to provide essential services and divides this amount by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate for the area. While setting tax rates and budgets involves votes and laws, this is the basic annual process. In Buchanan Dam, located in Llano County, Texas, the effective property tax rate is an important figure to consider when comparing to other cities within Texas as well as to the national median. With Texas having a median property tax rate of 1.14%, it stands above the national median of 1.02%. This comparison highlights the importance of understanding local tax rates and their impact on property owners. Such insights are essential for property owners seeking to manage their tax liabilities effectively.

Property Tax Rates Across Buchanan Dam, Llano County, Texas

Source: Ownwell

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0.60%

1.05%

1.49%

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 Buchanan Dam Tax Rate

1.14%

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 Llano County Tax Rate

1.32%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Buchanan Dam, Llano County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
786090.45%0.80%1.14%1.43%1.43%

Source: Ownwell

Property Tax Assessment Values Across Buchanan Dam, Llano County, Texas

When examining property taxes in Buchanan Dam, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value represents 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 Llano 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. This assessed value is used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Llano County, assessment notices are sent 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 Buchanan Dam. For example, the median home price in Buchanan Dam is $211,640, with tax bills ranging significantly across the county. ZIP code 78609 has the highest median home price at $211,640.

Property Tax Assessment Values Across Buchanan Dam, Llano County, Texas

Source: Ownwell

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$118,905

$341,428

$563,950

Median Buchanan Dam Market Value

$211,640

Median Llano County Market Value

$250,390

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Buchanan Dam, Llano County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
78609$37,575$95,708$211,640$351,528$577,152

Source: Ownwell

Property Tax Bills Across Buchanan Dam, Llano County, Texas

In Buchanan Dam, located in Llano County, TX, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax authority and reflects the market value of the property. The property tax rate is then applied to this assessed value to calculate the tax bill. In Buchanan Dam, the median home price is $211,640, and tax bills can vary significantly. For example, the tax bill at the 25th percentile is $797, while at the 75th percentile, it rises to $4,071. Interestingly, the median tax bill in the area is $2,100, which is below the national median of $2,400. Homeowners in Buchanan Dam may find their tax bills influenced by various factors, including changes in property value and local tax rates. Ownwell can assist homeowners in reducing their property tax bills by identifying potential inaccuracies in property assessments and applying for exemptions, ensuring they pay only their fair share.

Property Tax Bills Across Buchanan Dam, Llano County, Texas

Source: Ownwell

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$684

$4,110

$7,535

Median Buchanan Dam Tax Bill

$2,100

Median Llano County Tax Bill

$2,837

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Buchanan Dam, Llano County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
78609$314$797$2,100$4,071$7,136

Source: Ownwell

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