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Wolfforth, Lubbock County, Texas Property Taxes

  • Median Wolfforth, TX effective property tax rate: 2.28%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Wolfforth, TX home value: $218,719

  • Median annual Wolfforth, TX tax bill: $4,528, $2,128 higher than the national median property tax bill of $2,400.

How are property taxes in Lubbock calculated?

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

Last Updated March 1, 2025

Wolfforth, Lubbock County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.28%

Estimate Property Tax Bill

$4,987

$4,628

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Wolfforth Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wolfforth with just two data points. By entering your property's estimated assessed value, our calculator applies Wolfforth’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 more 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 Lubbock County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Wolfforth, Lubbock County, Texas

Local government entities determine tax rates, which can differ significantly across a state. This variation stems from the annual process where each county calculates its necessary budget to fund services and divides that by the total value of all taxable property within its area. This calculation sets the property tax rate. While votes and legislation play a role in shaping tax rates and budgets, this is essentially how the process unfolds each year.

In Wolfforth, located in Lubbock County, TX, the effective property tax rate is 2.28%, which is notably higher than the national median property tax rate of 1.02%. This means homeowners in Wolfforth pay a substantial amount more in taxes compared to the national average. When comparing Wolfforth's rate to the broader Texas state median and the national figures, it's clear that residents bear a heavier tax burden. Understanding these rates is crucial for property owners as they can significantly impact overall expenses and financial planning.

Property Tax Rates Across Wolfforth, Lubbock County, Texas

Source: Ownwell

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1.19%

1.74%

2.28%

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 Wolfforth Tax Rate

2.28%

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 Lubbock County Tax Rate

1.86%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wolfforth, Lubbock County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
793821.57%1.61%2.28%2.35%2.35%

Source: Ownwell

Property Tax Assessment Values Across Wolfforth, Lubbock County, Texas

When examining property taxes in Wolfforth, TX, 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 Lubbock County Central 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 Lubbock County, assessment notices are sent in the spring 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 Wolfforth. For example, the median home price in Wolfforth is $218,719, with tax bills ranging significantly across the county. Zip code 79382 has the highest median home price at $218,719.

Property Tax Assessment Values Across Wolfforth, Lubbock County, Texas

Source: Ownwell

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$36,452

$222,841

$409,230

Median Wolfforth Market Value

$218,719

Median Lubbock County Market Value

$190,386

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Wolfforth, Lubbock County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
79382$18,482$103,471$218,719$327,061$443,137

Source: Ownwell

Property Tax Bills Across Wolfforth, Lubbock County, Texas

In Wolfforth, property tax bills are calculated based on the assessed value of a home, which is determined by the Lubbock County Appraisal District. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. In Wolfforth, the median home price is $218,719, and tax bills can vary significantly. For example, the tax bill at the 25th percentile is $1,918, while at the 75th percentile, it reaches $7,108. Comparatively, the national median property tax bill is $2,400, meaning some Wolfforth homeowners may pay significantly more. Factors influencing these variations include changes in the real estate market and local government budget needs. High property tax bills can place a financial strain on homeowners, impacting their overall budget. Ownwell offers property tax appeal services to help homeowners potentially reduce their tax burdens. By reviewing property assessments and filing appeals when appropriate, Ownwell strives to ensure that homeowners in Wolfforth pay only their fair share of property taxes.

Property Tax Bills Across Wolfforth, Lubbock County, Texas

Source: Ownwell

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$881

$3,946

$7,011

Median Wolfforth Tax Bill

$4,528

Median Lubbock County Tax Bill

$3,513

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Wolfforth, Lubbock County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
79382$295$1,918$4,528$7,108$9,635

Source: Ownwell

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