Canyon Lake, Donley County, Texas Property Taxes
Median Canyon Lake, TX effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Canyon Lake, TX home value: $381,355
Median annual Canyon Lake, TX tax bill: $2,513, $113 higher than the national median property tax bill of $2,400.
How are property taxes in Donley County calculated?
Property taxes in Canyon Lake, 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 Canyon Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Canyon Lake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Canyon Lake, Donley County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$2,517
$2,336
Property Tax Rates Across Canyon Lake, Donley County, Texas
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
Canyon Lake in Comal County, TX, is a prime example of how property tax rates can differ within a state. Here, the effective property tax rate is 1.72%, significantly higher than Texas's median property tax rate of 1.60%. This rate also surpasses the national median property tax rate of 1.02%. The annual property tax bill in Canyon Lake averages $4,200, far exceeding Texas's median property tax bill of $3,500 and the national median of $2,400.
Comparing Canyon Lake’s property tax rate to other cities in Texas and the national median provides valuable insight into the variability and impact of local tax policies on property owners. Understanding these differences can help property owners make informed decisions and potentially seek property tax appeals or exemptions.
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 Canyon Lake Tax Rate
0.66%
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 Donley County Tax Rate
2.20%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Canyon Lake, Donley County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78133 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Canyon Lake, Donley County, Texas
When examining property taxes in Canyon Lake, 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 Donley 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.
Assessment notices: In Donley County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Canyon Lake.
For example, the median home price in Canyon Lake is $381,355, with tax bills ranging significantly across the county. 78133 has the highest median home price at $381,355.
Property Tax Assessment Values Across Canyon Lake, Donley County, Texas
Source: Ownwell
$24,080
$42,849
$61,617
Median Canyon Lake Market Value
$381,355
Median Donley County Market Value
$35,022
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Canyon Lake, Donley County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78133 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Canyon Lake, Donley County, Texas
In Canyon Lake, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $381,355, homeowners in Canyon Lake face a property tax bill that closely aligns with the national median property tax bill of $2,400. However, the tax rate can vary, affecting the final amount owed. Factors influencing the assessed value include recent home sales, property improvements, and market conditions. For homeowners, these taxes represent a significant expense, impacting overall affordability and financial planning.
Ownwell offers valuable assistance by ensuring homeowners pay only their fair share. By analyzing local market trends and comparable property values, Ownwell identifies opportunities for tax reductions. This service can result in significant savings, providing homeowners with financial relief and peace of mind. With expert guidance, homeowners can navigate the complexities of property tax appeals and exemptions effectively.
Median Canyon Lake Tax Bill
$2,513
Median Donley County Tax Bill
$745
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Canyon Lake, Donley County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78133 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell