Ledbetter, Texas Property Taxes
The median property tax rate in Ledbetter, TX is 1.33%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Ledbetter at $206,250, the typical annual property tax bill amounts to $1,835, falling below the national median of $2,690. Property taxes in Ledbetter are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions, such as those for primary residences and agricultural use. Gaining a thorough understanding of Ledbetter's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you reside in Ledbetter or another part of Washington County, a keen grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ledbetter, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$2,743
$2,538
Ownwell’s Ledbetter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ledbetter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ledbetter 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 Ledbetter, Texas
Property taxes in Ledbetter, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ledbetter is 1.33%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Ledbetter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ledbetter 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 Ledbetter's effective property tax rate to other counties in Texas and the national median. For comparison, the 78946 zip code has the highest median property tax rate of 1.33%, while the 78946 zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Ledbetter provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ledbetter Tax Rate
1.33%
Average Washington County Tax Rate
1.19%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ledbetter, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78946 | 0.25% | 0.70% | 1.33% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Ledbetter, Texas
In Ledbetter, 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 Washington 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 Ledbetter, 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. The median home price in Ledbetter is $206,250, with tax bills ranging from $521 at the 25th percentile to $5,483 at the 90th percentile. Zip code 78946 has the highest and lowest median tax bill, both at $1,835. 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 Ledbetter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ledbetter Assessed Value
$206,250
Average Washington County Assessed Value
$266,905
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ledbetter, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78946 | $17,841 | $69,078 | $206,250 | $406,505 | $725,712 |
Source: Ownwell
Property Tax Bills Across Ledbetter, Texas
In Ledbetter, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The median home price in Ledbetter is $206,250, and the property tax rate is influenced by various local factors. Homeowners in the 25th percentile can expect a tax bill around $521, while those in the 75th percentile might see a bill nearing $3,194. For properties in the 90th percentile, tax bills can reach up to $5,483. The assessed value is determined by the local tax assessor and reflects the market value of the property. Factors such as property size, location, improvements, and market conditions play a role in determining this value. The tax rate is then applied to the assessed value to calculate the annual tax bill. This system ensures that property taxes are proportionate to the property’s value, impacting homeowners differently based on their property’s assessed value. With the national median property tax rate at 0.99%, Ledbetter’s rates can vary, affecting homeowners' financial planning and long-term investment decisions.
Average Ledbetter Tax Bill
$1,835
Average Washington County Tax Bill
$2,988
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ledbetter, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78946 | $107 | $521 | $1,835 | $3,194 | $5,483 |
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 | |
|---|---|
| Washington Appraisal District | |
| Website | washingtoncad.org |