Lamesa, Martin County, Texas Property Taxes

Name: Property Tax Bills Across Lamesa, Martin County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lamesa, TX effective property tax rate: 0.22%, significantly lower than the national median of 1.02%, and also lower than the Texas state median of 1.67%. Median Lamesa, TX home value: $123,580. Median annual Lamesa, TX tax bill: $261, $2,139 lower than the national median property tax bill of $2,400.

How are property taxes in Martin County calculated?

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

Last Updated March 1, 2025

Lamesa, Martin County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.22%

Estimate Property Tax Bill

$272

$252

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

Property Tax Rates Across Lamesa, Martin County, Texas

Local government entities determine tax rates, leading to significant variations across the state. This is because each county, like 48317, calculates its annual budget needs and divides this by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. While voting and legal frameworks play roles in setting these rates and budgets, this is the core of the annual process.

In Lamesa, the effective property tax rate is 1.78%, which is higher than the Texas median of 1.81% but below the national median of 1.02%. The average property tax bill in Lamesa is $1,473, lower than the Texas median of $2,275 and significantly below the U.S. median of $2,400.

Comparing Lamesa's effective property tax rate with other Texas cities and the national figures highlights the local variance and potential savings. Understanding these differences can help property owners make informed decisions and explore potential tax appeal opportunities.

Property Tax Rates Across Lamesa, Martin County, Texas

Source: Ownwell

0.22%

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 Lamesa Tax Rate

0.22%

Median Effective Martin County Tax Rate

0.22%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lamesa, Martin County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79331	0.21%	0.21%	0.22%	0.22%	0.23%

Source: Ownwell

Property Tax Assessment Values Across Lamesa, Martin County, Texas

When examining property taxes in Lamesa, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is 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 Martin 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. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Martin County, assessment notices are sent in the spring each year. They’ll typically reach 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 Lamesa. For example, the median home price in Lamesa is $123,580, with tax bills ranging significantly across the county. Zip code 79331 has the highest median home price at $123,580.

Property Tax Assessment Values Across Lamesa, Martin County, Texas

Source: Ownwell

$58,940

$91,260

$123,580

Median Lamesa Market Value

$123,580

Median Martin County Market Value

$66,090

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lamesa, Martin County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79331	$72,164	$89,490	$123,580	$166,900	$183,138

Source: Ownwell

Property Tax Bills Across Lamesa, Martin County, Texas

In Lamesa, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Lamesa is $123,580, with the tax bill varying significantly based on the property's assessed value and location. Homeowners in this area typically receive a tax bill between $163 and $439, depending on their property's valuation. The highest and lowest median tax bill in the region is $261, indicating a relatively uniform tax rate within the 79331 zip code. Compared to the national median property tax bill of $2,400, Lamesa homeowners generally face lower tax obligations. However, this doesn't mean savings opportunities are absent. Ownwell can assist homeowners by ensuring their property is accurately assessed and identifying potential exemptions or reductions. By leveraging expert knowledge and local insights, Ownwell helps homeowners navigate the complexities of property tax appeals, potentially leading to significant savings on their annual tax bills.

Property Tax Bills Across Lamesa, Martin County, Texas

Source: Ownwell

$141

$221

$300

Median Lamesa Tax Bill

$261

Median Martin County Tax Bill

$154

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Lamesa, Martin County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79331	$150	$163	$261	$379	$439

Source: Ownwell