Abernathy, Texas Property Taxes
The median property tax rate in Abernathy, TX is 1.66%, slightly lower than the Texas state median of 1.67% but still significantly higher than the national median of 0.99%. With a median home value of $145,069 in Abernathy, the typical annual property tax bill amounts to $2,481, which is below the national median of $2,690. Property taxes in Abernathy are based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Abernathy's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Abernathy or another part of Lubbock County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Abernathy, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$2,408
$2,235
$1,148
Average Tax Savings
Ownwell’s Abernathy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abernathy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abernathy 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 Abernathy. 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 Abernathy, Texas
Property taxes in Abernathy, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Abernathy is 1.66%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Abernathy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abernathy 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 Abernathy's effective property tax rate to other counties in Texas and the national median. For comparison, the 79311 zip code has both the highest and lowest median property tax rate of 1.66%. Understanding how these cities compare with Abernathy provides valuable insights into the varying tax landscape across Lubbock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abernathy Tax Rate
1.66%
Average Lubbock County Tax Rate
1.86%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abernathy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79311 | 1.28% | 1.55% | 1.66% | 2.15% | 2.15% |
Source: Ownwell
$1,148
Average Abernathy Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Abernathy, Texas
In Abernathy, 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 Lubbock 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 Abernathy, 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 Abernathy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 79311, with a value of $2,481, while the same zip code also represents the lowest median tax bill at $2,481.
Average Abernathy Assessed Value
$145,069
Average Lubbock County Assessed Value
$190,386
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abernathy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79311 | $39,096 | $81,214 | $145,069 | $245,863 | $376,509 |
Source: Ownwell
$1,148
Average Abernathy Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Abernathy, Texas
In Abernathy, located in Lubbock County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Various factors, such as property size, location, and improvements, are considered in this assessment. Homeowners in Abernathy experience a range of property tax bills, with the 25th percentile at $1,351 and the 75th percentile reaching $3,709. The highest median tax bill in the area is $2,481. Compared to the national median property tax rate of 0.99%, Abernathy's property tax bills can significantly impact homeowners. High property taxes can be a financial burden, but that's where Ownwell steps in. Ownwell provides expert property tax appeal services, helping homeowners challenge their assessed values and potentially lower their tax bills. By leveraging local expertise and a thorough understanding of the assessment process, Ownwell can help homeowners save substantially on their property taxes, ensuring they pay only their fair share.
Average Abernathy Tax Bill
$2,481
Average Lubbock County Tax Bill
$3,513
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Abernathy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79311 | $639 | $1,351 | $2,481 | $3,709 | $5,761 |
Source: Ownwell
$1,148
Average Abernathy 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 | |
|---|---|
| Lubbock Appraisal District | |
| Phone | (806) 762-5000 |
| Website | lubbockcad.org |
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