Canadian, Lipscomb County, Texas Property Taxes

Name: Property Tax Bills Across Canadian, Lipscomb County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Canadian, TX effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%. Median Canadian, TX home value: $56,915. Median annual Canadian, TX tax bill: $681, $1,719 lower than the national median property tax bill of $2,400.

How are property taxes in Lipscomb County calculated?

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

Last Updated March 1, 2025

Canadian, Lipscomb County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.81%

Estimate Property Tax Bill

$461

$428

Ownwell’s Canadian Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Canadian with just two data points. By entering your property's estimated assessed value, our calculator applies Canadian’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lipscomb County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Canadian, Lipscomb County, Texas

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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.

In Canadian, located in Lipscomb County, Texas, the effective property tax rate stands out when compared to the national median of 1.02%. The city's rate is also reflective of the median property tax rate for Texas. This comparison highlights the variability in property tax rates across different regions within the state. Understanding these differences is crucial for property owners who seek to manage their expenses effectively.

Comparing Canadian’s tax rate to other cities in Texas, as well as to the national median, provides valuable insight for homeowners and prospective buyers. It underscores the importance of being informed about local tax obligations, which can significantly impact the overall cost of homeownership.

Property Tax Rates Across Canadian, Lipscomb County, Texas

Source: Ownwell

0.79%

2.30%

3.82%

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 Canadian Tax Rate

0.81%

Median Effective Lipscomb County Tax Rate

2.36%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Canadian, Lipscomb County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79014	0.76%	0.80%	0.81%	1.41%	1.64%

Source: Ownwell

Property Tax Assessment Values Across Canadian, Lipscomb County, Texas

When examining property taxes in Canadian, 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 Lipscomb 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.

In Lipscomb County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Canadian. For example, the median home price in Canadian is $56,915, with tax bills ranging significantly across the county. 79014 has the highest median home price at $56,915.

Property Tax Assessment Values Across Canadian, Lipscomb County, Texas

Source: Ownwell

$16,810

$45,558

$74,305

Median Canadian Market Value

$56,915

Median Lipscomb County Market Value

$31,530

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Canadian, Lipscomb County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79014	$2,981	$21,498	$56,915	$85,895	$107,195

Source: Ownwell

Property Tax Bills Across Canadian, Lipscomb County, Texas

In the city of Canadian, located in Lipscomb County, TX, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. With a median home price of $56,915, homeowners typically experience a tax bill at the lower end of the spectrum compared to the national median property tax bill of $2,400. In Canadian, the 25th percentile tax bill is $263, while the 75th percentile tax bill is $1,132, reflecting the variance based on property value and applicable exemptions. Homeowners in Canadian can benefit from appealing their property tax assessments to ensure they are not overpaying. This is where Ownwell can assist. By leveraging expert knowledge in property tax regulations, Ownwell helps homeowners navigate the appeal process effectively. This can lead to significant savings on their property tax bills, ensuring homeowners pay only what is fair and accurate according to their property's true assessed value.

Property Tax Bills Across Canadian, Lipscomb County, Texas

Source: Ownwell

$199

$621

$1,043

Median Canadian Tax Bill

$681

Median Lipscomb County Tax Bill

$613

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Canadian, Lipscomb County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79014	$38	$263	$681	$1,132	$1,610

Source: Ownwell