Leakey, Real County, Texas Property Taxes

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Property Taxes in Leakey, Texas

Median Leakey, Texas effective property tax rate: 1.41%, significantly higher than the national median of 1.02%, and lower than the Texas state median of 1.48%.
Median Leakey, Texas home value: $181,214
Median annual Leakey, Texas tax bill: $2,084, $316 lower than the national median property tax bill of $2,400.

How are property taxes in Real calculated?

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

Last Updated April 13, 2026

Leakey, Real County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.41%

Estimate Property Tax Bill

$2,555

$2,371

How Does the Leakey Property Tax Calculator Work?

Use this Leakey property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Leakey's median effective tax rate of 1.41% — based on actual property records in Real 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 Leakey'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 Leakey: rates range from 2084.00 in 78873 to 2084.00 in 78873, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Leakey.

About Leakey Property Taxes

About Property Taxes in Leakey, Real, Texas

Leakey’s median effective property tax rate of 1.41% is lower than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Real 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 Leakey. Homeowners in ZIP code 78873 carry a median effective rate of 1.41%, and the same ZIP also has a median tax bill of $2,084. This reflects how school district boundaries and local assessment districts are drawn across Real County. Understanding where you live in Leakey can make a meaningful difference to your annual tax bill.

Leakey 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 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 Leakey, Real 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 Leaky'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 Leakey, Real County, Texas

Source: Ownwell

0.67%

1.12%

1.57%

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 Leakey Tax Rate

1.41%

Median Effective Real County Tax Rate

1.42%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Leakey, Real County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
78873	0.56%	0.95%	1.41%	1.59%	1.59%

Source: Ownwell

Property Tax Assessment Values Across Leakey, Real County, Texas

When examining property taxes in Leakey, 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 Real 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 Real County, assessment notices are sent in April 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. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Leakey.

For example, the median home price in Leakey is $181,214, with tax bills ranging significantly across the county. 78873 has the highest median home price at $181,214.

Property Tax Assessment Values Across Leakey, Real County, Texas

Source: Ownwell

$73,966

$176,533

$279,099

Median Leakey Market Value

$181,214

Median Real County Market Value

$131,151

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

Property Tax Assessment Values Across Leakey, Real County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
78873	$47,418	$91,822	$181,214	$326,519	$477,614

Source: Ownwell

Property Tax Bills Across Leakey, Real County, Texas

Property tax bills in Leakey are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value is the starting point for the bill, and local taxing entities use it to determine how much a homeowner owes each year. For a home with a median market value of $181,214, the tax bill can vary widely depending on exemptions, local rates, and how the property is assessed.

Homeowners in Real County may see very different outcomes from one property to another. The 25th percentile tax bill is $921, while the 75th percentile is $3,857 and the 90th percentile reaches $5,705. The median tax bill is $2,084 in ZIP code 78873, which is below the national median property tax bill of $2,400. That means some homeowners pay less than the national median, while others pay substantially more, making property tax assessments an important factor in overall housing costs.

Property Tax Bills Across Leakey, Real County, Texas

Source: Ownwell

$1,014

$1,620

$2,225

Median Leakey Tax Bill

$2,084

Median Real County Tax Bill

$1,529

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across Leakey, Real County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
78873	$424	$921	$2,084	$3,857	$5,705

Source: Ownwell

Don't miss the deadline to protest!

Dates
Appeal Deadline	May 15
Tax Bill
Issued	October 1
Due Date #1	November 30
Due Date #2	June 30

Links
Real Appraisal District
Website	esearch.realcad.org

Frequently Asked Property Tax Questions in Leakey, Texas

How are property taxes calculated in Leakey, Texas?

Property taxes in Leakey, 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 Leakey, Texas?

To appeal your property taxes in Leakey, 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 Leakey, Texas?

Common property tax exemptions in Leakey, 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 Leakey, Texas?

Property tax deadlines in Leakey, 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 Leakey, Texas?

Ownwell provides professional property tax appeal services in Leakey, 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.