Lubbock, Lynn County, Texas Property Taxes

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

Median Lubbock, TX effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Lubbock, TX home value: $253,390
Median annual Lubbock, TX tax bill: $2,748, $348 higher than the national median property tax bill of $2,400.

How are property taxes in Lynn calculated?

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

Last Updated March 1, 2025

Lubbock, Lynn County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.18%

Estimate Property Tax Bill

$2,990

$2,775

Ownwell’s Lubbock Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lubbock with just two data points.

By entering your property's estimated assessed value, our calculator applies Lubbock’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 Lynn County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lubbock, Lynn County, Texas

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to the fact that each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Lubbock, situated in Lynn County, the effective property tax rate stands at 1.18%. This rate is slightly above the national median property tax rate of 1.02%, reflecting the unique budgetary needs and property values within the county. Compared to other areas in Texas, Lubbock's property tax rate is consistent, with the highest and lowest median tax rates both recorded at 1.18%. This consistency suggests a stable local tax environment. Homeowners in Lubbock can anticipate property tax bills that reflect both the region's fiscal requirements and the value of their properties.

Property Tax Rates Across Lubbock, 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 Lubbock Tax Rate

1.18%

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 Lubbock, Lynn County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79423	0.64%	1.04%	1.18%	1.46%	2.01%
79424	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Lubbock, Lynn County, Texas

When examining property taxes in Lubbock, 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 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.

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 Lubbock.

For example, the median home price in Lubbock is $253,390, with tax bills ranging significantly across the county. Zip code 79423 has the highest median home price at $248,935.

Property Tax Assessment Values Across Lubbock, Lynn County, Texas

Source: Ownwell

$47,545

$148,858

$250,170

Median Lubbock Market Value

$253,390

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 Lubbock, Lynn County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79423	$78,908	$151,982	$248,935	$301,670	$424,601
79424	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Lubbock, Lynn County, Texas

In Lubbock, located in Lynn County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor, who evaluates the market value of the property. The tax rate is then applied to this assessed value to calculate the tax bill. Homeowners in Lubbock face a median tax bill that varies significantly, with the 25th percentile at $1,501 and the 75th percentile reaching $4,485. The highest median tax bill in the area is $2,729, notably in the 79423 zip code. Compared to the national median property tax rate of 1.02% and median tax bill of $2,400, Lubbock's figures reflect a diverse range of tax burdens. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax bills. By identifying discrepancies in assessments or ensuring eligibility for exemptions, Ownwell can help homeowners save significantly, easing the financial impact of property taxes.

Property Tax Bills Across Lubbock, Lynn County, Texas

Source: Ownwell

$1,095

$1,912

$2,729

Median Lubbock Tax Bill

$2,748

Median Lynn County Tax Bill

$1,669

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Lubbock, Lynn County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79423	$435	$1,367	$2,729	$3,857	$6,219
79424	N/A	N/A	N/A	N/A	N/A

Source: Ownwell