Lawn, Texas Property Taxes
The median property tax rate in LAWN, TX is 1.46%, which is higher than the national median of 0.99%, yet lower than the Texas state median of 1.67%. With the median home value in LAWN at $77,377, the typical annual property tax bill amounts to $950, falling below the national median of $2,690. Property taxes in LAWN are based on the assessed value, which often is less than the market value due to exemptions like the primary residence and agricultural exemptions. Navigating LAWN's property tax system, understanding the available exemptions, and finding ways to reduce your tax burden can lead to substantial savings each year. Whether you reside in LAWN or another part of Taylor County, comprehending the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Lawn, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Lawn, Texas Tax Savings
Ownwell’s LAWN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LAWN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LAWN 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 LAWN. 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 Lawn, Texas
Property taxes in LAWN, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LAWN is 1.46%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within LAWN set these rates annually, and they can vary significantly across different neighborhoods. Each year, LAWN 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 LAWN's effective property tax rate to other counties in Texas and the national median. For comparison, the 79530 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with LAWN provides valuable insights into the varying tax landscape across Taylor, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lawn Tax Rate
1.46%
Average Taylor County Tax Rate
2.16%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79530 | 0.71% | 1.22% | 1.46% | 1.82% | 1.82% |
Source: Ownwell
$1,148
Average Lawn Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Lawn, Texas
In LAWN, 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 Taylor 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 LAWN, 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. Zip code 79530 has the highest and lowest median tax bill at $950. 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 LAWN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lawn Assessed Value
$77,377
Average Taylor County Assessed Value
$148,796
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lawn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79530 | $13,166 | $33,468 | $77,377 | $207,890 | $472,054 |
Source: Ownwell
$1,148
Average Lawn Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Lawn, Texas
In LAWN, Taylor County, TX, 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 county appraisal district, reflecting the market value of the property. For example, with a median home price of $77,377, homeowners can expect varying tax bills depending on their property's assessed value and the applicable tax rate. The tax bill for the 25th percentile is around $447, while the 75th percentile sees bills closer to $2,362, and the 90th percentile can reach up to $5,008. These figures highlight the significant impact property taxes can have on homeowners' finances. Ownwell assists by offering property tax appeal and exemption services, ensuring that homeowners are not overpaying. By analyzing local market trends and leveraging their expertise, Ownwell can identify opportunities for tax reductions, potentially saving homeowners hundreds or even thousands of dollars annually. This service is particularly valuable in regions like Taylor County, where property tax bills can vary widely.
Average Lawn Tax Bill
$950
Average Taylor County Tax Bill
$3,051
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79530 | $221 | $447 | $950 | $2,362 | $5,008 |
Source: Ownwell
$1,148
Average Lawn 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 | |
|---|---|
| Taylor Appraisal District | |
| Website | esearch.taylor-cad.org |
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