Lytle, Texas Property Taxes
The median property tax rate in Lytle, TX is 0.63%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Lytle at $99,540, the typical annual property tax bill is $916, which is well below the national median of $2,690. Property taxes in Lytle are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lytle'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 Lytle 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
Lytle, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$627
$582
Ownwell’s Lytle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lytle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lytle 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 Lytle, Texas
Property taxes in Lytle, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lytle is 0.63%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Lytle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lytle 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 Lytle's effective property tax rate to other counties in Texas and the national median. For comparison, the 78052 zip code has the highest median property tax rate of 0.63%, while the 78052 zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Lytle provides valuable insights into the varying tax landscape across Medina County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lytle Tax Rate
0.63%
Average Medina County Tax Rate
1.52%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lytle, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78052 | 0.24% | 0.50% | 0.63% | 1.32% | 3.19% |
Source: Ownwell
Property Tax Assessment Values Across Lytle, Texas
In Lytle, 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 Medina 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 Lytle, 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 Lytle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 78052 in Lytle has the highest and lowest median tax bill, both at $916.
Average Lytle Assessed Value
$99,540
Average Medina County Assessed Value
$140,520
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lytle, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78052 | $25,224 | $48,225 | $99,540 | $274,195 | $399,700 |
Source: Ownwell
Property Tax Bills Across Lytle, Texas
In Lytle, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the Medina County Appraisal District, which evaluates the market value of properties. Homeowners then pay a percentage of this assessed value as their property tax. In Lytle, the median home price is $99,540, and tax bills can vary significantly. For instance, the 25th percentile tax bill is around $319, while the 75th percentile reaches $2,149, and the 90th percentile can be as high as $3,420. These figures highlight the range of property tax burdens faced by homeowners in the area. The highest and lowest median tax bills in the zip code 78052 are both $916, which is below the national median property tax rate of 0.99%. This variation in tax bills can impact homeowners' financial planning and overall cost of living, making it crucial to understand how these taxes are calculated and managed.
Average Lytle Tax Bill
$916
Average Medina County Tax Bill
$1,930
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lytle, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78052 | $134 | $319 | $916 | $2,149 | $3,420 |
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 | |
|---|---|
| Medina Appraisal District | |
| Website | esearch.medinacad.org |