Llano, Texas Property Taxes
The median property tax rate in Llano, TX is 1.20%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $145,060 in Llano, the typical annual property tax bill comes to $1,517, below the national median of $2,690. Property taxes in Llano are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Llano'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 Llano or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Llano, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Llano, Texas Tax Savings
Ownwell’s Llano Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Llano with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Llano 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 Llano. 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Llano, Texas
Property taxes in Llano, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Llano is 1.20%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Llano set these rates annually, and they can vary significantly across different neighborhoods. Each year, Llano 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 Llano's effective property tax rate to other counties in Texas and the national median. For comparison, the 78643 zip code has the highest median property tax rate of 1.20%, while the 78643 zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Llano provides valuable insights into the varying tax landscape across Llano County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Llano Tax Rate
1.20%
Average Llano County Tax Rate
1.32%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Llano, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78643 | 0.47% | 0.79% | 1.20% | 1.37% | 1.85% |
Source: Ownwell
$1,148
Average Llano Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Llano, Texas
In Llano, 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 Llano 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. 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. In Llano, the zip code with the highest median tax bill is 78643, with a median tax bill of $1,517. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Llano Assessed Value
$145,060
Average Llano County Assessed Value
$250,390
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Llano, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78643 | $29,394 | $74,170 | $145,060 | $258,670 | $425,364 |
Source: Ownwell
$1,148
Average Llano Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Llano, Texas
In Llano, TX, property tax bills are calculated based on the assessed value of your home, which is determined by the Llano County Appraisal District. The tax rate is applied to this assessed value to determine your annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For instance, with a median home price of $145,060, homeowners in Llano can expect varying tax bills. The 25th percentile tax bill is around $624, while the 75th percentile reaches $2,966, and the 90th percentile can be as high as $5,066. The highest median tax bill in the area is $1,517, which is significantly above the national median property tax rate of 0.99%. Ownwell helps homeowners by offering property tax appeal and exemption services, potentially reducing these hefty tax bills. By thoroughly analyzing your property’s assessed value and market conditions, Ownwell can identify discrepancies and file appeals on your behalf, ensuring you pay only your fair share. This can lead to substantial savings and a lower financial burden for homeowners.
Average Llano Tax Bill
$1,517
Average Llano County Tax Bill
$2,837
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Llano, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78643 | $262 | $624 | $1,517 | $2,966 | $5,066 |
Source: Ownwell
$1,148
Average Llano Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 23 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Llano Appraisal District | |
| Website | esearch.llanocad.net |
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