Slaton, Texas Property Taxes
The median property tax rate in Slaton, TX is 2.14%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Slaton at $97,154, the typical annual property tax bill reaches $1,866, which is below the national median of $2,690. Property taxes in Slaton 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 Slaton'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 Slaton 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
Slaton, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.14%
Estimate Property Tax Bill
$2,079
$1,929
$1,148
Average Tax Savings
Ownwell’s Slaton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Slaton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Slaton 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 Slaton. 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 Slaton, Texas
Property taxes in Slaton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Slaton is 2.14%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Slaton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Slaton 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 Slaton's effective property tax rate to other counties in Texas and the national median. For comparison, the 79364 zip code has both the highest and lowest median property tax rate of 2.14%. Understanding how these cities compare with Slaton 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 Slaton Tax Rate
2.14%
Average Lubbock County Tax Rate
1.86%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Slaton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79364 | 1.23% | 1.44% | 2.14% | 2.29% | 2.29% |
Source: Ownwell
$1,148
Average Slaton Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Slaton, Texas
In Slaton, 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 Slaton, 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 Slaton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,866, found in the 79364 zip code.
Average Slaton Assessed Value
$97,154
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 Slaton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79364 | $16,324 | $50,312 | $97,154 | $169,824 | $252,366 |
Source: Ownwell
$1,148
Average Slaton Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Slaton, Texas
Property tax bills in Slaton, located in Lubbock County, TX, are calculated based on the assessed value of a property and the local tax rate. The median home price in Slaton is $97,154, which determines the base for the tax assessment. Homeowners in Slaton experience a wide range of tax bills, with the 25th percentile at $1,007 and the 75th percentile reaching $3,161. The highest median tax bill in the area is $1,866, found in zip code 79364. These amounts are influenced by factors such as property size, location, and improvements made to the property. Ownwell can help homeowners in Slaton save on their property tax bills by offering expert property tax appeal and exemption services. By analyzing the assessed value and identifying any discrepancies, Ownwell can assist in reducing the tax burden. This ensures homeowners pay a fair amount, potentially saving them hundreds or even thousands of dollars annually.
Average Slaton Tax Bill
$1,866
Average Lubbock County Tax Bill
$3,513
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Slaton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79364 | $436 | $1,007 | $1,866 | $3,161 | $4,609 |
Source: Ownwell
$1,148
Average Slaton 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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