Lane City, Wharton County, Texas Property Taxes
Median LANE CITY, TX effective property tax rate: 1.88%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median LANE CITY, TX home value: $60,264
Median annual LANE CITY, TX tax bill: $718, $1,682 lower than the national median property tax bill of $2,400.
How are property taxes in Wharton calculated?
Property taxes in LANE CITY, 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 LANE CITY’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LANE CITY, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lane City, Wharton County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.88%
Estimate Property Tax Bill
$1,133
$1,051
Property Tax Rates Across Lane City, Wharton 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.
Lane City in Wharton County, Texas, presents a unique case in property taxation. The effective property tax rate here is 1.88%, which stands out when compared to the national median of 1.02%. This rate is consistent across Wharton County, making it both the highest and lowest within the area. When comparing to the national median property tax bill of $2400, property owners in Lane City may find themselves paying more, depending on the assessed value of their property. Understanding these figures can help residents make informed decisions about property investment and budget planning. While tax rates are a necessary component of funding local services, being aware of the rates in your area can help you better navigate the financial landscape.
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 Lane City Tax Rate
1.88%
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 Wharton County Tax Rate
1.63%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lane City, Wharton County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77453 | 0.54% | 1.00% | 1.88% | 1.93% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Lane City, Wharton County, Texas
When examining property taxes in Lane City, 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 Wharton 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 Wharton 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 Lane City. For example, the median home price in Lane City is $60,264, with tax bills ranging significantly across the county. Zip code 77453 has the highest median home price at $60,264.
Property Tax Assessment Values Across Lane City, Wharton County, Texas
Source: Ownwell
$42,632
$110,536
$178,440
Median Lane City Market Value
$60,264
Median Wharton County Market Value
$120,245
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lane City, Wharton County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77453 | $8,201 | $17,685 | $60,264 | $115,379 | $184,870 |
Source: Ownwell
Property Tax Bills Across Lane City, Wharton County, Texas
Median Lane City Tax Bill
$718
Median Wharton County Tax Bill
$1,730
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Lane City, Wharton County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77453 | $150 | $248 | $718 | $1,516 | $2,327 |
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 | |
|---|---|
| Wharton Appraisal District | |
| Website | esearch.whartoncad.net |