Leroy, Texas Property Taxes
The median property tax rate in LEROY, TX is 1.65%, slightly lower than the Texas state median of 1.67% but still significantly higher than the national median of 0.99%. With the median home value in LEROY at $139,270, the typical annual property tax bill amounts to $2,082, which is below the national median of $2,690. Property taxes in LEROY are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding LEROY'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 LEROY or another part of the city, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Leroy, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$2,298
$2,132
$1,148
Average Tax Savings
Ownwell’s LEROY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LEROY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LEROY 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 LEROY. 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 Leroy, Texas
Property taxes in Leroy, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leroy is 1.65%, higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Leroy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leroy 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 Leroy's effective property tax rate to other counties in Texas and the national median. For comparison, the 76654 zip code has the highest median property tax rate of 1.65%, while the 76654 zip code also has the lowest median tax rate of 1.65%. Understanding how these cities compare with Leroy provides valuable insights into the varying tax landscape across McLennan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leroy Tax Rate
1.65%
Average Mclennan County Tax Rate
1.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leroy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76654 | 1.09% | 1.32% | 1.65% | 1.70% | 1.77% |
Source: Ownwell
$1,148
Average Leroy Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Leroy, Texas
In LeRoy, 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 McLennan 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 LeRoy, 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 LeRoy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In LeRoy, the zip code 76654 has the highest and lowest median tax bill, both at $2082.
Average Leroy Assessed Value
$139,270
Average Mclennan County Assessed Value
$228,020
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leroy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76654 | $16,685 | $41,028 | $139,270 | $238,642 | $376,750 |
Source: Ownwell
$1,148
Average Leroy Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Leroy, Texas
In Leroy, TX, property tax bills are calculated based on the assessed value of the home, which is determined by the McLennan County Appraisal District. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $139,270, homeowners can expect varying tax bills. The 25th percentile tax bill is around $666, while the 75th percentile tax bill reaches $3,414, and the 90th percentile tax bill can be as high as $4,709. This variability can significantly impact homeowners' finances, especially when compared to the national median property tax rate of 0.99%. Ownwell can help homeowners in Leroy save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing the assessed value and ensuring it aligns with the actual market value, Ownwell can identify discrepancies and file appeals on behalf of homeowners. This process can lead to substantial reductions in property tax bills, providing financial relief and peace of mind.
Average Leroy Tax Bill
$2,082
Average Mclennan County Tax Bill
$3,809
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Leroy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76654 | $268 | $666 | $2,082 | $3,414 | $4,709 |
Source: Ownwell
$1,148
Average Leroy 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 | |
|---|---|
| Mclennan Appraisal District | |
| Phone | (254) 752-9864 |
| Website | esearch.mclennancad.org |
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