Lohn, Texas Property Taxes
The median property tax rate in Lohn, TX is 1.42%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $95,940 in Lohn, the typical annual property tax bill amounts to $1,320, which is below the national median of $2,690. Property taxes in Lohn are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural use. By understanding Lohn's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Lohn or another part of McCulloch County, gaining insight into the local property tax system is essential for financial planning and investment strategies.
Last Updated June 14, 2024
Lohn, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$1,362
$1,264
Ownwell’s Lohn Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Lohn with just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Lohn to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, more localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Lohn, Texas
Property taxes in Lohn, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lohn is 1.42%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Lohn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lohn 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 Lohn's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 76852 has both the highest and lowest median property tax rate of 1.42%. Understanding how these cities compare with Lohn provides valuable insights into the varying tax landscape across McCulloch County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lohn Tax Rate
1.42%
Average Mcculloch County Tax Rate
1.81%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lohn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76852 | 1.09% | 1.20% | 1.42% | 1.58% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Lohn, Texas
In LOHN, 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 McCulloch 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. Being aware of these valuation processes in LOHN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in LOHN is $95,940, with tax bills ranging from $807 at the 25th percentile to $3,030 at the 90th percentile. The highest and lowest median tax bills are both $1,320 in the 76852 zip code.
Average Lohn Assessed Value
$95,940
Average Mcculloch County Assessed Value
$74,310
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lohn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76852 | $31,110 | $64,560 | $95,940 | $164,700 | $228,840 |
Source: Ownwell
Property Tax Bills Across Lohn, Texas
In Lohn, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor's office. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $95,940, the tax bill can vary significantly. Factors such as location within McCulloch County and the specific tax rates applied by local taxing authorities also influence the final amount. Homeowners in Lohn can expect a wide range of property tax bills. The 25th percentile tax bill is around $807, while at the 75th percentile, it rises to approximately $2,304. For those at the 90th percentile, tax bills can reach up to $3,030. These variations reflect differences in property values and local tax rates, impacting how much homeowners need to budget for their annual property taxes. Understanding these factors can help homeowners anticipate and manage their property tax obligations more effectively.
Average Lohn Tax Bill
$1,320
Average Mcculloch County Tax Bill
$1,255
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lohn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76852 | $421 | $807 | $1,320 | $2,304 | $3,030 |
Source: Ownwell