Lasara, Willacy County, Texas Property Taxes
The median property tax rate in Lasara, TX is 0.84%, which is notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Lasara at $47,570, the typical annual property tax bill is approximately $382, significantly less than the national median of $2,690. Property taxes in Lasara are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural use. Understanding Lasara's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Lasara or another part of Willacy County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lasara, Willacy County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$400
$371
Ownwell’s Lasara Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lasara with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lasara 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 Lasara, Willacy County, Texas
Property taxes in Lasara, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lasara is 0.84%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Lasara set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lasara 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 Lasara's effective property tax rate to other counties in Texas and the national median. For comparison, the 78561 zip code has both the highest and lowest median property tax rate of 0.84%. Understanding how these cities compare with Lasara provides valuable insights into the varying tax landscape across Willacy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lasara Tax Rate
0.84%
Average Willacy County Tax Rate
1.18%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lasara, Willacy County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78561 | 0.75% | 0.80% | 0.84% | 0.92% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Lasara, Willacy County, Texas
In Lasara, 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 Willacy 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 Lasara, 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. For instance, the median home price in Lasara is $47,570, with tax bills ranging from $235 at the 25th percentile to $946 at the 90th percentile. The highest and lowest median tax bills are both $382 in the 78561 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and find opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lasara, Willacy County, Texas
Source: Ownwell
$33,250
$68,936
$104,622
Average Lasara Assessed Value
$47,570
Average Willacy County Assessed Value
$49,814
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lasara, Willacy County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78561 | $16,602 | $28,284 | $47,570 | $73,764 | $123,144 |
Source: Ownwell
Property Tax Bills Across Lasara, Willacy County, Texas
In Lasara, located in Willacy 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, which evaluates properties annually to reflect market conditions. Homeowners in Lasara see tax bills that can vary significantly. For instance, the 25th percentile tax bill is around $235, while those in the 75th percentile pay approximately $577. At the 90th percentile, tax bills can reach up to $946, indicating a wide range of property values and corresponding tax obligations in the area. With a median home price of $47,570, Lasara's property taxes are relatively modest compared to the national median property tax rate of 0.99%. However, these taxes can still represent a significant expense for homeowners, influencing their overall cost of living and financial planning. Understanding how these factors interplay is crucial for homeowners looking to manage their tax liabilities effectively.
Average Lasara Tax Bill
$382
Average Willacy County Tax Bill
$574
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lasara, Willacy County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78561 | $141 | $235 | $382 | $577 | $946 |
Source: Ownwell