Lakehills, Medina County, Texas Property Taxes
Median LAKEHILLS, TX effective property tax rate: 0.19%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median LAKEHILLS, TX home value: $53,780
Median annual LAKEHILLS, TX tax bill: $103, $2,297 lower than the national median property tax bill of $2,400.
How are property taxes in Medina County calculated?
Property taxes in LAKEHILLS, 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 LAKEHILLS’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LAKEHILLS, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lakehills, Medina County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.19%
Estimate Property Tax Bill
$102
$95
Ownwell’s Lakehills Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lakehills with just two data points.
By entering your property's estimated assessed value, our calculator applies Lakehills’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Medina County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Lakehills, Medina County, Texas
Local government entities are responsible for setting property tax rates, leading to significant variations within a state. Each year, counties determine their required budget for services and divide this by the total value of all taxable properties in their area. This process determines the property tax rate. Although laws and votes play a role in setting these rates and budgets, this is the basic annual procedure.
In Lakehills, located in Medina County, Texas, the effective property tax rate is notably lower than both the state and national averages. Texas itself has a median property tax rate that is higher than the national median of 1.02%, making Lakehills an exception within the state. This lower rate can be a significant financial advantage for homeowners, potentially leading to lower annual property tax bills compared to other cities in Texas and across the United States.
Understanding these differences in property tax rates can help residents make informed decisions about property ownership and management. Whether considering a move or evaluating current property expenses, knowing how Lakehills compares can provide valuable insights.
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 Lakehills Tax Rate
0.19%
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 Medina County Tax Rate
1.52%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lakehills, Medina County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78063 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Lakehills, Medina County, Texas
When examining property taxes in Lakehills, 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 Medina 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 Medina 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 Lakehills. For example, the median home price in Lakehills is $53,780, with tax bills generally around $103, significantly lower than the national median property tax bill of $2,400.
Property Tax Assessment Values Across Lakehills, Medina County, Texas
Source: Ownwell
$72,860
$229,268
$385,675
Median Lakehills Market Value
$53,780
Median Medina County Market Value
$140,520
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lakehills, Medina County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78063 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Lakehills, Medina County, Texas
In Lakehills, located in Medina County, TX, property tax bills are calculated based on the assessed value of a home. The median home price in Lakehills stands at $53,780, which is significantly lower than many areas nationwide. This lower home value contributes to a relatively modest property tax bill, with amounts largely concentrated around $103 for most homeowners. This is considerably less than the national median property tax bill of $2,400. The property tax rate in Lakehills, therefore, plays a crucial role in determining the final tax bill. Homeowners may find their tax bills influenced by various factors, including changes in assessed home values and local tax rate adjustments.
Ownwell offers valuable assistance to homeowners in Lakehills by providing expert property tax appeal services. By leveraging our expertise, homeowners can potentially reduce their tax bills, ensuring they only pay their fair share. Our team works diligently to review assessments and identify opportunities for savings, helping homeowners manage their property tax obligations more effectively.
Median Lakehills Tax Bill
$103
Median Medina County Tax Bill
$1,930
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Lakehills, Medina County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78063 | N/A | N/A | N/A | N/A | N/A |
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 | |
|---|---|
| Medina Appraisal District | |
| Website | esearch.medinacad.org |