Average Tax Assessment in Lampasas County
Real Estate Values and Property Tax Valuation in Lampasas County, Texas
Lampasas County has 8,357 properties with a cumulative value of $1.5B, representing 0.07% of all real estate value in Texas. The average property tax rate in Lampasas County is 1.24%, which is lower than the state average of 1.69%. Property taxes in Lampasas County totaled $18.5M, with the average homeowner paying $2,464 in property taxes compared to the state average of $4,015. Property taxes are based on the assessed value of the property, which is determined by the local tax assessor.
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 | |
|---|---|
| Lampasas Clerk | (512) 556-8271 203 |
| 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 |
Don't Miss Your Property Tax Appeal Deadline
Real Estate Statistics in Lampasas County
Residential Property Taxes by Cities in Lampasas County
Lampasas County has an average property tax rate of 1.24%, which is slightly higher than the state average of 1.17%. The city of Lampasas has the highest effective property tax rate in the county at 1.39%, while the city of Kempner has the lowest effective property tax rate at 1.09%. This means that the average property tax bill in Lampasas County is $2,464, with the highest bills in Lampasas and the lowest bills in Kempner. Property taxes are an important source of revenue for the county, and the county is expected to collect $18.5 million in property taxes in 2023.
Property taxes in Lampasas County vary across cities, with the highest rates in Lampasas and the lowest rates in Kempner. This means that property owners in Lampasas will pay more in taxes than those in Kempner, but the difference is not too significant. Property taxes are an important source of revenue for the county, and the county is expecting to collect $18.5 million in property taxes in 2023. This money will be used to fund important services such as schools, roads, and public safety.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Lampasas County. 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.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Copperas Cove | $45,895 | $131,898 | $191,470 | $250,275 | $332,352 |
| Kempner | $43,861 | $112,335 | $207,920 | $280,375 | $361,519 |
| Lampasas | $39,157 | $82,142 | $136,930 | $217,512 | $315,961 |
| Lometa | $19,150 | $46,630 | $91,730 | $155,670 | $304,566 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Lampasas County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Copperas Cove | $465 | $1,522 | $2,675 | $3,814 | $4,679 |
| Kempner | $377 | $1,262 | $2,670 | $3,920 | $5,150 |
| Lampasas | $387 | $1,086 | $2,110 | $3,397 | $4,861 |
| Lometa | $218 | $524 | $1,179 | $2,185 | $3,536 |
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.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Copperas Cove | 1.01% | 1.15% | 1.40% | 1.52% | 1.41% |
| Kempner | 0.86% | 1.12% | 1.28% | 1.40% | 1.42% |
| Lampasas | 0.99% | 1.32% | 1.54% | 1.56% | 1.54% |
| Lometa | 1.14% | 1.12% | 1.29% | 1.40% | 1.16% |
Reduce your property tax bill with Ownwell!
Real Estate Values in Lampasas County
The data from Redfin shows that home prices in Lampasas County, Texas have increased significantly from October 2022 to October 2023. The median home price rose from $325.0K to $411.0K, representing an increase of 26.46%. Additionally, the home inventory in Lampasas County increased from 112 to 150, indicating that there is a higher demand for homes in the area. This suggests that the housing market in Lampasas County is strong and that home prices are likely to continue to rise in the future.
Average Home Value in Lampasas County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Lampasas County
Last updated: November 2023
Percent Change in New Home Listings in Lampasas County
Last updated: November 2023
Reduce your property tax bill with Ownwell
Mortgage Rates in Lampasas County
Lampasas County has a total of $385.5 million in outstanding home mortgage loans. This represents 2.4 thousand loans, which is a significant portion of the total home value in the county. The median mortgage rate in Lampasas County varies across cities, with Lometa having the highest rate at 4.39% and Copperas Cove having the lowest rate at 4.09%. This variation in rates can have a significant impact on the amount of money a homeowner pays in interest over the life of the loan, so it is important to shop around and compare rates when looking for a mortgage.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Lampasas County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Copperas Cove | $75,545 | $109,061 | $149,173 | $205,317 | $249,586 |
| Kempner | $62,772 | $103,822 | $164,401 | $249,147 | $349,406 |
| Lampasas | $35,237 | $62,407 | $106,441 | $172,582 | $248,214 |
| Lometa | $14,990 | $26,278 | $61,275 | $122,844 | $191,220 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Lampasas County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Copperas Cove | 2.90% | 3.46% | 4.09% | 4.65% | 6.06% |
| Kempner | 2.90% | 3.50% | 4.14% | 4.90% | 6.25% |
| Lampasas | 2.90% | 3.50% | 4.25% | 5.00% | 6.21% |
| Lometa | 3.32% | 3.89% | 4.39% | 5.11% | 6.22% |
Housing Expenses in Lampasas County, Texas
Reduce your property tax bill with Ownwell
With Ownwell's property tax monitoring service ensures you'll never overpay on property taxes again.
How Ownwell works?
- Enter your property address and get an instant estimate of your potential tax savings based on local market data and our historical tax savings in your area.
- Sign up online and authorize Ownwell to fight your tax bill in less than 5 minutes.
- Sit back and let us get to work. Ownwell handles everything start to finish with no up-front costs. It’s all backed by our industry-leading Savings-or-Free Guarantee.
- When we save you money our fee is just 25% of your savings. If you don't save, you don't pay. We will continue to monitor your property taxes every year to ensure that you never overpay or have to worry about your property taxes again.