Cedar Lane, Texas Property Taxes
The median property tax rate in Cedar Lane, TX is 0.88%, which is notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Cedar Lane at $85,720, the typical annual property tax bill amounts to $677, significantly below the national median of $2,690. Property taxes in Cedar Lane are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Cedar Lane's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Cedar Lane 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
Cedar Lane, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Cedar Lane Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedar Lane with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedar Lane to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Cedar Lane, Texas
Property taxes in Cedar Lane, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedar Lane is 0.88%, lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Cedar Lane set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedar Lane 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 Cedar Lane's effective property tax rate to other counties in Texas and the national median. For comparison, the 77415 zip code has the highest median property tax rate of 0.88%, while the 77415 zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Cedar Lane provides valuable insights into the varying tax landscape across Matagorda County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cedar Lane Tax Rate
0.88%
Average Matagorda County Tax Rate
1.53%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedar Lane, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77415 | 0.14% | 0.38% | 0.88% | 1.54% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Cedar Lane, Texas
In Cedar Lane, 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 Matagorda 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 Cedar Lane, 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. For instance, the highest median tax bill in Cedar Lane is $677, found in zip code 77415, while the lowest is also $677 in the same zip code. With the median home price at $85,720, being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cedar Lane Assessed Value
$85,720
Average Matagorda County Assessed Value
$130,525
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cedar Lane, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77415 | $16,112 | $34,755 | $85,720 | $204,860 | $326,596 |
Source: Ownwell
Property Tax Bills Across Cedar Lane, Texas
In Cedar Lane, located in Matagorda County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Cedar Lane is $85,720, and the property tax rate is determined by various local taxing authorities. Factors influencing your tax bill include the assessed value of your property, any applicable exemptions, and the set tax rate. For homeowners in Cedar Lane, property taxes can vary significantly. The 25th percentile tax bill is $305, while the 75th percentile tax bill reaches $1,217. For those at the higher end, the 90th percentile tax bill is $2,387. These figures highlight the range of property tax obligations residents might face. Compared to the national median property tax rate of 0.99%, Cedar Lane's property tax bills reflect both the local property values and the specific tax rates applied by Matagorda County. Understanding these factors can help homeowners anticipate their annual property tax expenses and plan their finances accordingly.
Average Cedar Lane Tax Bill
$677
Average Matagorda County Tax Bill
$1,664
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar Lane, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77415 | $100 | $305 | $677 | $1,217 | $2,387 |
Source: 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 | |
|---|---|
| Matagorda Appraisal District | |
| Website | propaccess.trueautomation.com |