Post, Lynn County, Texas Property Taxes
The median property tax rate in POST, TX is 0.86%, which is notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in POST at $135,370, the typical annual property tax bill amounts to $1,233, falling below the national median of $2,690. Property taxes in POST are calculated based on the tax assessed value, which generally is lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding POST's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of POST or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Post, Lynn County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,164
$1,080
Ownwell’s POST Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in POST with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in POST to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Post, Lynn County, Texas
Property taxes in POST, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in POST is 0.86%, lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within POST set these rates annually, and they can vary significantly across different neighborhoods. Each year, POST estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares POST's effective property tax rate to other counties in Texas and the national median. For comparison, the 79356 zip code has the highest median property tax rate of 0.86%, while the 79356 zip code has the lowest median tax rate of 0.86%. Understanding how these cities compare with POST provides valuable insights into the varying tax landscape across Lynn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Post Tax Rate
0.86%
Average Lynn County Tax Rate
1.99%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Post, Lynn County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79356 | 0.47% | 0.55% | 0.86% | 1.14% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Post, Lynn County, Texas
In POST, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Lynn County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In POST, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The median home price in POST is $135,370, with tax bills ranging from $674 at the 25th percentile to $2,101 at the 90th percentile. Notably, the zip code 79356 has the highest and lowest median tax bill, both at $1,233. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Post, Lynn County, Texas
Source: Ownwell
$47,545
$148,858
$250,170
Average Post Assessed Value
$135,370
Average Lynn County Assessed Value
$78,045
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Post, Lynn County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79356 | $40,030 | $72,918 | $135,370 | $256,935 | $292,739 |
Source: Ownwell
Property Tax Bills Across Post, Lynn County, Texas
In POST, property tax bills are calculated based on the assessed value of a home, which is determined by the Lynn County appraisal district. The assessed value is a percentage of the market value of the property, and the local tax rate is applied to this assessed value to determine the tax bill. Various factors influence the tax bill, including the property's location, size, and any improvements made. For homeowners in POST, the median home price is $135,370, and property tax bills can vary significantly. At the 25th percentile, homeowners might pay around $674, whereas those at the 75th percentile could see bills as high as $1,577. At the 90th percentile, tax bills can reach up to $2,101. These figures highlight the range of property tax obligations in the area, which can impact household budgets differently. Compared to the national median property tax rate of 0.99%, POST's property tax rates and bills reflect the local economic conditions and funding needs of community services.
Average Post Tax Bill
$1,233
Average Lynn County Tax Bill
$1,669
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Post, Lynn County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79356 | $419 | $674 | $1,233 | $1,577 | $2,101 |
Source: Ownwell