What's Happening in Lake Tanglewood
Lake Tanglewood is a small village in Randall County, southeast of Amarillo, built around Lake Tanglewood, a reservoir on the Prairie Dog Town Fork of the Red River.
Homes range from 1960s lake houses to newer custom homes, many around 2,000 to 3,000 square feet, and lakefront homes command a premium. Prices range from the high $400s to nearly $3 million.
What Did Homes in Lake Tanglewood Actually Sell For?
Texas is a non-disclosure state, so sold prices aren't published online. Request a free sold homes report for Lake Tanglewood, or find out what your home is worth.
Schools Serving Lake Tanglewood
Lake Tanglewood is part of Canyon ISD. Schools serving the area include:
- Elementary: Sundown Lane Elementary
- Intermediate / Junior High: Pinnacle Intermediate / Randall Junior High
- High School: Randall High School
Verify school attendance zones with Canyon ISD for the specific property address.
Property Taxes in Lake Tanglewood
The 2026 combined property tax rate in Lake Tanglewood is approximately 1.32%. 2026 adopted rates per $100 of value:
- Canyon ISD: 0.915400
- Randall County: 0.400930
- Total: 1.316330 per $100 of value (approximately 1.32%)
School tax applies to value after the $140,000 homestead exemption; non-homestead properties pay it on full value. HOA dues, if any, are separate and are not on the tax bill.
Tax rates and assessments are set each year by each taxing unit and can change. Figures are for the 2026 tax year, are provided for general information only, and are not guaranteed. Actual taxes depend on each property's appraised value, exemptions and location, and the taxing units can vary by parcel. Verify exact amounts with the Potter-Randall Appraisal District before buying.
For more about living in Lake Tanglewood, see the Lake Tanglewood neighborhood guide.
Active Properties and Properties Under Contract below update every day. Tap any address for photos and details.