Tahoka, Lynn County, Texas Property Taxes

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

Median TAHOKA, TX effective property tax rate: 2.20%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median TAHOKA, TX home value: $64,540
Median annual TAHOKA, TX tax bill: $1,731, $669 lower than the national median property tax bill of $2,400.

How are property taxes in Lynn calculated?

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

Last Updated March 1, 2025

Tahoka, Lynn County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.2%

Estimate Property Tax Bill

$1,420

$1,318

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

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Tahoka's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

In Tahoka, located in Lynn County, property tax rates stand at a notable 2.20%. This is significantly higher than the national median property tax rate of 1.02%. Consequently, residents in Tahoka experience a higher property tax burden compared to the national average. The higher tax rate can be attributed to the county's budgetary requirements and the total value of taxable properties. This rate also reflects the highest and lowest median tax rates within the area, emphasizing a consistent approach to property taxation in this region. Understanding these rates can help property owners make informed decisions about property investments and budget planning.

Property Tax Rates Across Tahoka, 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 Tahoka Tax Rate

2.20%

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 Tahoka, Lynn County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79373	1.05%	1.52%	2.20%	3.34%	4.69%

Source: Ownwell

Property Tax Assessment Values Across Tahoka, Lynn County, Texas

When examining property taxes in Tahoka, 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 May. 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 Tahoka.

For example, the median home price in Tahoka is $64,540, with tax bills ranging significantly across the county. Zip code 79373 has the highest median home price at $64,540.

Property Tax Assessment Values Across Tahoka, Lynn County, Texas

Source: Ownwell

$47,545

$148,858

$250,170

Median Tahoka Market Value

$64,540

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 Tahoka, Lynn County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79373	$13,420	$29,415	$64,540	$188,648	$329,844

Source: Ownwell

Property Tax Bills Across Tahoka, Lynn County, Texas

In Tahoka, located in Lynn County, TX, property tax bills are calculated based on the assessed value of a home. This value is determined by the Lynn County Appraisal District, which considers factors such as the property's location, size, and market conditions. The property tax rate is then applied to this assessed value to determine the tax bill. With a median home price of $64,540, homeowners in Tahoka face varying tax bills, with the 25th percentile at $725 and the 90th percentile reaching $5,660. These figures highlight the potential financial burden for homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell can help homeowners in Tahoka reduce their property tax bills by providing expert property tax appeal and exemption services. By leveraging in-depth knowledge of local tax laws and regulations, Ownwell can identify opportunities for savings, ensuring homeowners only pay their fair share. This can lead to significant financial relief, especially for those facing higher tax bills.

Property Tax Bills Across Tahoka, Lynn County, Texas

Source: Ownwell

$1,095

$1,912

$2,729

Median Tahoka Tax Bill

$1,731

Median Lynn County Tax Bill

$1,669

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Tahoka, Lynn County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79373	$317	$725	$1,731	$3,276	$5,660

Source: Ownwell