Odonnell, Lynn County, Texas Property Taxes

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

Median O'Donnell, TX effective property tax rate: 2.01%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median O'Donnell, TX home value: $48,950
Median annual O'Donnell, TX tax bill: $1,095, $1,305 lower than the national median property tax bill of $2,400.

How are property taxes in Lynn County calculated?

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

Last Updated March 1, 2025

Odonnell, Lynn County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.01%

Estimate Property Tax Bill

$984

$913

Ownwell’s O'Donnell Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in O'Donnell with just two data points. By entering your property's estimated assessed value, our calculator applies O'Donnell’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 Odonnell, Lynn County, Texas

Local government entities set tax rates, which can vary widely within a state. This variation is due to the annual process where each county estimates its required budget for services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is the fundamental process.

In O'Donnell, located in Lynn County, Texas, the effective property tax rate is 2.01%, which is significantly higher than the national median of 1.02%. This places O'Donnell among the areas with the highest property tax rates in the state. The property tax bill in O'Donnell also surpasses the national median of $2,400, reflecting the higher tax rate. This comparison highlights the importance of understanding local property tax rates, as they can greatly impact homeowners' expenses. By appealing property taxes or seeking exemptions, property owners in O'Donnell can potentially reduce their tax burden and achieve significant savings.

Property Tax Rates Across Odonnell, 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 Odonnell Tax Rate

2.01%

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 Odonnell, Lynn County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79351	0.82%	1.27%	2.01%	3.18%	3.90%

Source: Ownwell

Property Tax Assessment Values Across Odonnell, Lynn County, Texas

When examining property taxes in ODONNELL, 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 ODONNELL.

For example, the median home price in ODONNELL is $48,950, with tax bills ranging significantly across the county. 79351 has the highest median home price at $48,950.

Property Tax Assessment Values Across Odonnell, Lynn County, Texas

Source: Ownwell

$47,545

$148,858

$250,170

Median Odonnell Market Value

$48,950

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 Odonnell, Lynn County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79351	$8,642	$22,230	$48,950	$134,425	$253,574

Source: Ownwell

Property Tax Bills Across Odonnell, Lynn County, Texas

In O'Donnell, located in Lynn County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, and the local tax rate is set by various taxing authorities in the area. With a median home price of $48,950, the property tax bills can vary significantly. For instance, the 25th percentile tax bill is $452, while the 75th percentile reaches $2,335, and the 90th percentile climbs to $3,656. The median tax bill in the region is $1,095, which is below the national median of $2,400. High property taxes can be a financial burden for homeowners, but Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing your property’s assessed value and ensuring it aligns with the market value, Ownwell helps homeowners potentially lower their tax bills, offering significant savings and alleviating financial stress.

Property Tax Bills Across Odonnell, Lynn County, Texas

Source: Ownwell

$1,095

$1,912

$2,729

Median Odonnell Tax Bill

$1,095

Median Lynn County Tax Bill

$1,669

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Odonnell, Lynn County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79351	$184	$452	$1,095	$2,335	$3,656

Source: Ownwell