Lueders, Texas Property Taxes
The median property tax rate in Lueders, TX is 1.70%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $75,424 in Lueders, the typical annual property tax bill amounts to $1,060, surpassing the national median of $2,690. Property taxes in Lueders are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Lueders'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 Lueders or another part of Shackelford County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lueders, 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 Lueders Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lueders with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lueders 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 Lueders, Texas
Property taxes in Lueders, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lueders is 1.70%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Lueders set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lueders 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 Lueders' effective property tax rate to other counties in Texas and the national median. For comparison, the 79533 zip code has the highest median property tax rate of 1.70%, while the same zip code also has the lowest median tax rate of 1.70%. Understanding how these cities compare with Lueders provides valuable insights into the varying tax landscape across Shackelford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lueders Tax Rate
1.70%
Average Shackelford County Tax Rate
1.95%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lueders, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79533 | 0.64% | 1.60% | 1.70% | 1.75% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Lueders, Texas
In Lueders, 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 Shackelford 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 Lueders, 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 Lueders helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,060, found in the 79533 zip code.
Average Lueders Assessed Value
$75,424
Average Shackelford County Assessed Value
$78,175
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lueders, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79533 | $38,529 | $46,637 | $75,424 | $161,768 | $358,490 |
Source: Ownwell
Property Tax Bills Across Lueders, Texas
Property tax bills in Lueders, located in Shackelford County, TX, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county appraisal district, which estimates the market value of the property. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $75,424, homeowners can expect varying tax bills. The 25th percentile tax bill is around $765, while the 75th percentile tax bill can reach up to $1,674. The 90th percentile tax bill goes as high as $2,506. These property tax bills can significantly impact homeowners, influencing their overall cost of living and potentially affecting their ability to afford their homes. Compared to the national median property tax rate of 0.99%, Lueders' property tax rates can present a financial challenge or benefit, depending on individual circumstances and property values.
Average Lueders Tax Bill
$1,060
Average Shackelford County Tax Bill
$1,360
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lueders, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79533 | $676 | $765 | $1,060 | $1,674 | $2,506 |
Source: Ownwell