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Lakeway, Travis County, Texas Property Taxes

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Property Taxes in Lakeway, Texas

  • Median Lakeway, Texas effective property tax rate: 0.97%, lower than the national median of 1.02%, and lower than the Texas state median of 1.48%.

  • Median Lakeway, Texas home value: $744,645

  • Median annual Lakeway, Texas tax bill: $7,265, $4,865 higher than the national median property tax bill of $2,400.

How are property taxes in Travis calculated?

Property taxes in Lakeway, Texas 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 Lakeway's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lakeway, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Lakeway, Travis County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.97%

Estimate Property Tax Bill

$7,223

$6,703

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Lakeway Property Tax Calculator Work?

Use this Lakeway property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Lakeway's median effective tax rate of 0.97% — based on actual property records in Travis County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lakeway's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Lakeway: rates range from $7,240.00 in 78734 to $7,671.00 in 78738, primarily due to differences in school district levies and local assessment districts.

If your estimate is higher than expected, Ownwell can appeal your Lakeway assessment — you only pay if we save you money.

About Lakeway Property Taxes

About Property Taxes in Lakeway, Travis, Texas

Lakeway’s median effective property tax rate of 0.97% is lower than the Texas state median of 1.48% and lower than the national median of 1.02%. This rate reflects the Travis County base levy combined with local school district levies and Municipal Utility Districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Lakeway. Homeowners in the 78738 ZIP code carry a median effective rate of 1.13%, while those in 78734 pay 0.95%. This spread — 0.18 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Travis County. Understanding which part of Lakeway you live in can make a meaningful difference to your annual tax bill.

Lakeway homeowners who believe their assessed value is too high can file a formal appeal with the local Appraisal District before the May 15, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Lakeway, Travis County, Texas

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, 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.

Below, you can compare Lakeway's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

Property Tax Rates Across Lakeway, Travis County, Texas

Source: Ownwell

0.65%

1.51%

2.37%

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 Lakeway Tax Rate

0.97%

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 Travis County Tax Rate

1.30%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lakeway, Travis County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
787340.44%0.66%0.95%1.36%1.76%
787380.55%0.91%1.13%1.75%1.87%

Source: Ownwell

Property Tax Assessment Values Across Lakeway, Travis County, Texas

When examining property taxes in Lakeway, Texas, 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 Travis 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 Travis 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. For example, the median home price in Lakeway is $744,645, with tax bills ranging significantly across the county. Zip code 78734 has the highest median home price at $749,808.

Property Tax Assessment Values Across Lakeway, Travis County, Texas

Source: Ownwell

$10,181

$1,402,501

$2,794,820

Median Lakeway Market Value

$744,645

Median Travis County Market Value

$535,052

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lakeway, Travis County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
78734$456,486$620,293$749,808$930,165$1,205,270
78738$408,440$518,702$650,814$899,373$1,185,900

Source: Ownwell

Property Tax Bills Across Lakeway, Travis County, Texas

Property tax bills in Lakeway are based on the assessed value of a home and the local tax rate set by taxing authorities in Travis County. With a median home price of $744,645, homeowners can see very different bills depending on where their property falls within the market. The typical bill in the area is well above the national median property tax bill of $2,400, and that can make a meaningful difference for household budgets.

What determines the bill? The assessed value, exemptions, and the tax rates applied to the property all play a role. In Lakeway, the 25th percentile tax bill is $4,747, while the 75th percentile reaches $10,561, and the 90th percentile climbs to $15,101. Bills also vary by ZIP code, with the highest median tax bill at $7,671 in 78738 and the lowest at $7,240 in 78734.

Ownwell helps homeowners challenge unfair assessments and find savings opportunities, which can lower property tax bills and reduce long-term costs.

Property Tax Bills Across Lakeway, Travis County, Texas

Source: Ownwell

$310

$13,013

$25,716

Median Lakeway Tax Bill

$7,265

Median Travis County Tax Bill

$7,110

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across Lakeway, Travis County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
78734$2,872$4,733$7,240$10,526$14,922
78738$3,217$5,158$7,671$11,771$16,656

Source: Ownwell

Don't miss the deadline to protest!

Frequently Asked Property Tax Questions in Lakeway, Texas

How are property taxes calculated in Lakeway, Texas?
Property taxes in Lakeway, Texas are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Lakeway, Texas?
To appeal your property taxes in Lakeway, Texas, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Lakeway, Texas?
Common property tax exemptions in Lakeway, Texas include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Lakeway, Texas?
Property tax deadlines in Lakeway, Texas vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Lakeway, Texas?
Ownwell provides professional property tax appeal services in Lakeway, Texas. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.