Lynn County, Texas Property Taxes

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

Median Lynn County effective property tax rate: 1.99%, significantly higher than the national median of 1.02%. Median Lynn County home value: $78,045. Median annual Lynn County tax bill: $1,669, $731 lower than the national median property tax bill of $2,400.

How are property taxes in Lynn County calculated?

Property taxes in Lynn County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Tahoka or another part of Lynn County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lynn County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.99%

Estimate Property Tax Bill

$1,553

$1,441

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

Property Tax Rates Across Lynn County, Texas

Local government entities set tax rates, which can vary significantly within a state. Each year, counties estimate their required budget for services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.

In Lynn County, TX, the effective property tax rate is 1.99%, which is notably higher than the national median property tax rate of 1.02%. This places Lynn County among the higher taxed regions in Texas. For comparison, the highest median tax rate in the region is 2.20% in Tahoka, while the lowest is 0.76% in Slaton. These figures illustrate the variability in tax rates even within the same state, highlighting the importance of understanding local tax dynamics.

By comparing Lynn County's tax rate to the national median, property owners can better grasp how their local taxes measure up, helping them make informed decisions about property ownership and potential appeals.

Property Tax Rates Across Lynn County, Texas

Source: Ownwell

0.76%

1.64%

2.53%

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 Lynn County Tax Rate

1.99%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lynn County, Texas

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Lubbock	0.62%	0.94%	1.18%	1.42%	1.97%
Meadow	N/A	N/A	N/A	N/A	N/A
New Home	0.73%	1.60%	1.92%	2.77%	4.69%
Odonnell	0.82%	1.27%	2.01%	3.18%	3.90%
Post	0.47%	0.55%	0.86%	1.14%	1.70%
Slaton	0.50%	0.54%	0.76%	1.03%	1.59%
Tahoka	1.05%	1.52%	2.20%	3.34%	4.69%
Wilson	0.92%	1.23%	1.85%	2.36%	3.29%

Source: Ownwell

Property Tax Assessment Values Across Lynn County, Texas

When examining property taxes in Lynn County, 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 Lynn 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 Lynn 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 Lynn County.

For example, the median tax bill in Lynn County is $2,748, with tax bills ranging significantly across the county. Lubbock has the highest median home price at $253,390.

Property Tax Assessment Values Across Lynn County, Texas

Source: Ownwell

$47,545

$148,858

$250,170

Median Lynn County Market Value

$78,045

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lynn County, Texas

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Lubbock	$79,214	$154,900	$253,390	$306,680	$460,580
Meadow	N/A	N/A	N/A	N/A	N/A
New Home	$13,701	$18,330	$78,795	$164,745	$390,420
Odonnell	$8,642	$22,230	$48,950	$134,425	$253,574
Post	$40,030	$72,918	$135,370	$256,935	$292,739
Slaton	$62,054	$111,778	$250,170	$327,912	$397,468
Tahoka	$13,420	$29,415	$64,540	$188,648	$329,844
Wilson	$23,214	$47,610	$192,860	$430,304	$564,262

Source: Ownwell

Property Tax Bills Across Lynn County, Texas

In Lynn County, TX, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners in this region see a median property tax bill of $2,400, aligning with the national median. However, there is significant variation within the county. For instance, in Lubbock, the highest median tax bill reaches $2,748, while New Home records the lowest at $992. These figures highlight the impact of location and property value on tax obligations. The tax bill is influenced by factors such as property size, location, and improvements made to the home. The 25th percentile of tax bills is $669, indicating that a quarter of homeowners pay less than this amount, while the 75th percentile is $3,497, showing a substantial number of homeowners with higher tax liabilities. At the 90th percentile, the tax bill soars to $6,404, reflecting the financial burden on owners of high-value properties. Understanding these factors helps homeowners anticipate their property tax responsibilities.

Property Tax Bills Across Lynn County, Texas

Source: Ownwell

$1,095

$1,912

$2,729

Median Lynn County Tax Bill

$1,669

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Lynn County, Texas

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Lubbock	$447	$1,501	$2,748	$4,485	$6,210
Meadow	N/A	N/A	N/A	N/A	N/A
New Home	$257	$645	$992	$3,851	$7,131
Odonnell	$184	$452	$1,095	$2,335	$3,656
Post	$419	$674	$1,233	$1,577	$2,101
Slaton	$542	$927	$1,494	$3,089	$3,986
Tahoka	$317	$725	$1,731	$3,276	$5,660
Wilson	$409	$994	$2,689	$6,242	$9,937

Source: Ownwell

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