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Lakewood Village, Denton County, Texas Property Taxes

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Property Taxes in Lakewood Village, Texas

  • Median Lakewood Village, Texas effective property tax rate: 1.75%, significantly higher than the national median of 1.02%, and higher than the Texas state median of 1.48%.

  • Median Lakewood Village, Texas home value: $114,750

  • Median annual Lakewood Village, Texas tax bill: $2,012, $388 lower than the national median property tax bill of $2,400.

How are property taxes in Denton calculated?

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

Last Updated April 13, 2026

Lakewood Village, Denton County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.75%

Estimate Property Tax Bill

$2,008

$1,863

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Lakewood Village Property Tax Calculator Work?

Use this Lakewood Village property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Lakewood Village's median effective tax rate of 1.75% — based on actual property records in Denton 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 Lakewood Village'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 Lakewood Village: rates range from 1.75% in 75068 to 1.75% in 75068, primarily due to differences in school district levies and local assessment districts.

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

About Lakewood Village Property Taxes

About Property Taxes in Lakewood Village, Denton, Texas

Lakewood Village’s median effective property tax rate of 1.75% is higher than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Denton County base levy combined with local school district levies and Municipal Utility Districts (MUDs) that vary by subdivision throughout the city.

Property tax rates are not uniform across Lakewood Village. Homeowners in the 75068 ZIP code carry a median effective rate of 1.75%, while those in 75068 pay 1.75%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Denton County. Understanding which part of Lakewood Village you live in can make a meaningful difference to your annual tax bill.

Lakewood Village 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 Lakewood Village, Denton 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 Lakewood Village'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 Lakewood Village, Denton County, Texas

Source: Ownwell

0.19%

1.21%

2.22%

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 Lakewood Village Tax Rate

1.75%

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 Denton County Tax Rate

1.73%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lakewood Village, Denton County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
750681.16%1.54%1.75%1.75%1.75%

Source: Ownwell

Property Tax Assessment Values Across Lakewood Village, Denton County, Texas

When examining property taxes in Lakewood Village, 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 Denton 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 Denton County are sent in April each year, and they typically reach your mailbox by the middle of the month. Each property owner receives an assessment notice that includes both the market value and assessed value, along with an estimate of your property tax bill.

For example, the median home price in Lakewood Village is $114,750, with a median tax bill of $2,012. Tax bills vary widely across the county, and ZIP code 75068 has both the highest median home price and the highest median tax bill at $114,750 and $2,012.

Property Tax Assessment Values Across Lakewood Village, Denton County, Texas

Source: Ownwell

$71,670

$745,400

$1,419,129

Median Lakewood Village Market Value

$114,750

Median Denton County Market Value

$437,000

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lakewood Village, Denton County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75068$70,908$95,910$114,750$367,025$812,210

Source: Ownwell

Property Tax Bills Across Lakewood Village, Denton County, Texas

Property tax bills in Lakewood Village are based on the assessed value of a home and the local tax rates set by taxing authorities in Denton County. When a property’s assessed value rises, the tax bill can increase, even if the homeowner’s income does not. That makes it important to review whether the assessment reflects the home’s true market value. With a median home price of $114,750, tax bills can still vary widely, with the 25th percentile at $1,567 and the 75th percentile at $6,434.

How does this affect homeowners? A higher assessment can mean paying more than necessary each year, especially when the bill is above the local norm. The median tax bill in the area is $2,012, which is below the national median property tax bill of $2,400.

Ownwell helps homeowners challenge unfair assessments and pursue exemptions that may lower their property tax bills. By identifying savings opportunities and handling the appeal process, Ownwell can help reduce what homeowners owe and keep more money in their pockets.

Property Tax Bills Across Lakewood Village, Denton County, Texas

Source: Ownwell

$207

$7,978

$15,748

Median Lakewood Village Tax Bill

$2,012

Median Denton County Tax Bill

$7,745

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across Lakewood Village, Denton County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75068$923$1,567$2,012$6,434$14,239

Source: Ownwell

Don't miss the deadline to protest!

Frequently Asked Property Tax Questions in Lakewood Village, Texas

How are property taxes calculated in Lakewood Village, Texas?
Property taxes in Lakewood Village, 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 Lakewood Village, Texas?
To appeal your property taxes in Lakewood Village, 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 Lakewood Village, Texas?
Common property tax exemptions in Lakewood Village, 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 Lakewood Village, Texas?
Property tax deadlines in Lakewood Village, 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 Lakewood Village, Texas?
Ownwell provides professional property tax appeal services in Lakewood Village, 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.