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Property Taxes in Lavon, Texas Explained For Relocation Home Buyers and Families Moving To Lavon

  • Writer: Nitin Gupta, CRS, REALTOR
    Nitin Gupta, CRS, REALTOR
  • Dec 14, 2024
  • 4 min read



Understanding property taxes is essential for families relocating to Lavon, Texas. These taxes fund vital services such as education, infrastructure, and public safety. Here's a comprehensive guide to help you navigate the property tax landscape in Lavon.


1. Components of Property Taxes in Lavon

Property taxes in Lavon are determined by multiple taxing entities, each setting its own rate per $100 of assessed property value:

  • City of Lavon: For the fiscal year 2024-2025, the adopted property tax rate is $0.420000 per $100 of assessed value.


  • Collin County: The county tax rate is $0.149343 per $100 of assessed value.


  • School Districts: Lavon is primarily served by the Community Independent School District (CISD), which sets its own tax rate. For the most current rate, please refer to the CISD official website or contact their administration office.

  • Special Districts: Depending on your property's location, additional taxes may apply, such as those from Municipal Utility Districts (MUDs). For instance, properties in Elevon MUD #1A have an additional tax rate of $1.200000 per $100 of assessed value.


2. Calculating Your Property Tax

To estimate your annual property tax:

  1. Determine the Assessed Value: The Collin Central Appraisal District appraises your property's market value annually.

  2. Apply Exemptions: Subtract any applicable exemptions to get the taxable value.

  3. Multiply by the Total Tax Rate: Sum the tax rates of all relevant entities and multiply by the taxable value.

Example Calculation:

For a home with an assessed value of $300,000 in Lavon (excluding special district taxes):

  • City Tax: $300,000 × 0.00420000 = $1,260

  • County Tax: $300,000 × 0.00149343 = $448.03

  • School District Tax: Assuming a rate of $1.3 per $100, $300,000 × 0.013 = $3,900

Total Estimated Annual Tax: $1,260 (City) + $448.03 (County) + $3,900 (School) = $5,608.03



3. Available Exemptions

Texas offers several exemptions to reduce property tax burdens:

  • Homestead Exemption: Reduces the taxable value for primary residences.

  • Over-65 Exemption: Additional reductions for homeowners aged 65 or older.

  • Disability Exemption: For homeowners with qualifying disabilities.

Each taxing entity may offer different exemption amounts. For specific details, consult the Collin Central Appraisal District or the respective taxing authority.



4. Payment Deadlines and Penalties

  • Tax Bills Issued: Typically in October.

  • Due Date: January 31 of the following year.

  • Penalties: Late payments incur penalties and interest, increasing monthly.


5. Important Considerations

  • Property Appraisals: If you disagree with your property's assessed value, you have the right to protest through the Collin Central Appraisal District.

  • Tax Rate Changes: Tax rates can change annually based on budgetary needs and voter approvals.

  • Special Assessments: Be aware of any additional taxes from MUDs or other special districts applicable to your property.


By familiarizing yourself with these components, you can better anticipate your property tax obligations when moving to Lavon. For personalized information, consult the Collin Central Appraisal District and consider seeking advice from a local real estate professional.


Call us at 469-269-6541 for more information about Lavon real estate!



About us: Lavon New Construction Expert Real Estate Agent


As a Top Real Estate Professional in Lavon, I understand the challenges that arise when buying a new construction home. There are over 100 builders in the DFW area. I work with most of the new home builders in Lavon and understand how various builders operate. I am familiar with the options they offer, current incentives and I frequently visit the upcoming communities they are building. I guide my clients through all steps of the new home construction process and aggressively protect their interests in the transaction.


As a holder of top real estate industry certifications and designations like CRS, ABR & GRI, I can offer my clients experience as a Buyer's Agent and REALTOR®, top Industry Customer Service, in-depth, up-to-the-minute and comprehensive market knowledge; honesty, integrity, dedication, and professionalism in my business.


Whether you are a first time buyer in Lavon looking to buy a home in Fields or whether you are relocating to Lavon from California or moving your entire family from areas like San Francisco, Fremont, Palo Alto, Los Angeles, San Diego in California due to job transfer with your company, I can help you find a new construction home in Lavon. Our relocation team eases the transition - whether you are moving across town or across the globe. We will work with you to find an area that best suits your professional, family and lifestyle needs. We have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, we can make this process as comfortable as possible no matter where you are located.



What is most important to you in your new construction home in Fields in Lavon? Send us an email at info@NitinGuptaDFW.com or give us a call at (469) 269-6541 to schedule a no obligation consultation. We’ll give you honest advice about Fields community that you can use to help make your home buying decision.




 
 
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