Leakey, Real County, Texas Property Taxes
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
$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.
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%
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 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.
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 |