Earth, Texas Property Taxes
Real Estate Values and Property Tax Valuation in Earth, Texas
Earth has 489 properties with a cumulative value of $19.9M, representing 6.87% of all real estate value in Lamb County. Property taxes in Earth totaled $438.6K, with an average of $919 per homeowner, which is lower than the county average of $1,004. The average property tax rate in Earth is 2.20%, higher than the county average of 1.90%. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
The property tax timeline in Texas begins on January 1st, when the property valuation date is set. Property value notices are issued between April and May, and the property tax appeal deadline is May 15th or 30 days after the notices are issued. The real property tax bill is due on January 31st for the preceding year's gross tax bills.
Updated November 01, 2023
| Important Links | |
|---|---|
| Lamb Clerk | (806) 385-4222 |
| TexasFile Clerk Records | - |
| Important Dates | |
|---|---|
| Real Property Tax Bill Due (1st of #): | January 31st, Gross tax bills for preceding year |
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - May |
| Property Tax Appeal Deadline: | May 15th or 30 days after notices are issued |
| Property Tax Bills Issued: | October 1st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Earth, Texas
Residential Property Tax by ZIP code in Earth, Texas
Earth has an average property tax rate of 2.20%, which is slightly higher than the average property tax rate of 1.90% for Lamb County. This means that homeowners in Earth pay slightly more in property taxes than homeowners in the rest of the county. However, property tax rates vary significantly across ZIP codes in Earth. For example, the ZIP code 79031 has an effective property tax rate of 2.2%, which is higher than the average rate for the county. This is likely due to the higher home values in this ZIP code compared to other ZIP codes in Earth.
Overall, property tax rates in Earth are slightly higher than the average rate for Lamb County, but they vary significantly across ZIP codes. This is because home values can vary significantly from one ZIP code to another, and this affects the effective property tax rate. Homeowners in Earth should be aware of the property tax rate in their ZIP code and how it compares to the average rate for the county.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Earth, Texas. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79031 | $4,064 | $9,740 | $26,230 | $56,880 | $96,156 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Earth, Texas.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79031 | $107 | $255 | $594 | $1,254 | $2,121 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79031 | 2.63% | 2.62% | 2.26% | 2.20% | 2.21% |
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Real Estate Values in Earth, Texas
We currently do not have this data but we are working to add this soon.
Average Home Value in Earth, Texas
Last updated: November 2023
We currently do not have this data but we are working to add this soon.
We currently do not have this data but we are working to add this soon.
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Housing Expenses in Earth, Texas
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for South region
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