Lazbuddie, Parmer County, Texas Property Taxes
Median LAZBUDDIE, TX effective property tax rate: 1.49%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median LAZBUDDIE, TX home value: $117,660
Median annual LAZBUDDIE, TX tax bill: $1,292, $1,108 lower than the national median property tax bill of $2,400.
How are property taxes in Parmer County calculated?
Property taxes in LAZBUDDIE, 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 LAZBUDDIE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LAZBUDDIE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lazbuddie, Parmer County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.49%
Estimate Property Tax Bill
$1,753
$1,627
Property Tax Rates Across Lazbuddie, Parmer County, Texas
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In LAZBUDDIE, located in Parmer County, TX, the effective property tax rate stands at 1.49%. This rate is notably higher than the national median property tax rate of 1.02%, indicating a more significant tax burden for property owners in this area. When compared to other cities within Texas, LAZBUDDIE’s rate aligns with the state’s median property tax rate, reflecting a consistent approach across the region. However, the tax bill in LAZBUDDIE may still exceed the national median property tax bill of $2400, depending on property values. Understanding these rates is crucial for homeowners aiming to manage their financial obligations effectively. By comparing LAZBUDDIE’s property tax rate to both state and national medians, property owners can better anticipate their tax responsibilities and explore potential savings through appeal and exemption services.
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 Lazbuddie Tax Rate
1.49%
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 Parmer County Tax Rate
1.63%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lazbuddie, Parmer County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79053 | 0.87% | 1.19% | 1.49% | 1.59% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Lazbuddie, Parmer County, Texas
When examining property taxes in Lazbuddie, 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 Parmer 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 Parmer 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 Lazbuddie. For example, the median home price in Lazbuddie is $117,660, with tax bills ranging significantly across the county. Zip code 79053 has the highest median home price at $117,660.
Property Tax Assessment Values Across Lazbuddie, Parmer County, Texas
Source: Ownwell
$81,229
$143,073
$204,916
Median Lazbuddie Market Value
$117,660
Median Parmer County Market Value
$93,759
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lazbuddie, Parmer County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79053 | $12,284 | $83,576 | $117,660 | $207,597 | $284,620 |
Source: Ownwell
Property Tax Bills Across Lazbuddie, Parmer County, Texas
Median Lazbuddie Tax Bill
$1,292
Median Parmer County Tax Bill
$1,407
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Lazbuddie, Parmer County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79053 | $203 | $1,146 | $1,292 | $2,609 | $4,258 |
Source: Ownwell
Don't miss the deadline to protest!
Dates |
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Links | |
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| Parmer Appraisal District | |
| Website | esearch.parmercad.org |