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Canyon, Randall County, Texas Property Taxes

  • Median Canyon, TX effective property tax rate: 1.61%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Canyon, TX home value: $241,764

  • Median annual Canyon, TX tax bill: $3,775, $1,375 higher than the national median property tax bill of $2,400.

How are property taxes in Randall County calculated?

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

Last Updated March 1, 2025

Canyon, Randall County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.61%

Estimate Property Tax Bill

$3,892

$3,612

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Property Tax Rates Across Canyon, Randall County, Texas

Local government entities determine tax rates, which can differ significantly within a state. This variation occurs because each county calculates its required budget to fund services and divides it by the total value of all taxable property within its borders. This process results in the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is essentially the annual procedure.

In Canyon, located in Randall County, Texas, the effective property tax rate is notably higher than the national median of 1.02%. This reflects the local government's approach to budgeting and service provision. When compared to other cities in Texas, Canyon's tax rate is among the highest, which can impact property owners' financial planning. The median property tax rate in Texas is also above the national median, indicating that property owners in the state generally face higher tax bills than the average U.S. property owner. Understanding these rates and how they are determined can help property owners in Canyon and beyond make informed decisions about their investments and financial obligations.

Property Tax Rates Across Canyon, Randall County, Texas

Source: Ownwell

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0.95%

1.44%

1.94%

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 Canyon Tax Rate

1.61%

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 Randall County Tax Rate

1.78%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Canyon, Randall County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
790151.20%1.38%1.61%1.76%1.76%
79018N/AN/AN/AN/AN/A
79118N/AN/AN/AN/AN/A
79119N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Canyon, Randall County, Texas

When examining property taxes in Canyon, 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 Randall 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 Randall 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 Canyon.

For example, the median home price in Canyon is $241,764, with tax bills ranging significantly across the county. ZIP code 79015 has the highest median home price at $241,780.

Property Tax Assessment Values Across Canyon, Randall County, Texas

Source: Ownwell

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$132,903

$236,594

$340,285

Median Canyon Market Value

$241,764

Median Randall County Market Value

$225,053

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Canyon, Randall County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
79015$54,872$140,810$241,780$353,732$497,330
79018N/AN/AN/AN/AN/A
79118N/AN/AN/AN/AN/A
79119N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Canyon, Randall County, Texas

In Canyon, located within Randall County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Canyon stands at $241,764, which influences the tax bill homeowners receive. Tax bills can vary significantly, with the 25th percentile at $2,178 and the 75th percentile reaching $5,207. Interestingly, the highest median tax bill in the area is $3,776, which is consistent across the zip code 79015. Compared to the national median property tax rate of 1.02%, homeowners in Canyon may find their tax bills either above or below the national average, impacting their financial planning. Ownwell offers a solution by assisting homeowners in appealing their property tax assessments, potentially leading to reduced tax bills. By leveraging expert knowledge and local insights, Ownwell helps homeowners navigate the complexities of property tax appeals, ensuring they pay only their fair share.

Property Tax Bills Across Canyon, Randall County, Texas

Source: Ownwell

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$1,491

$3,623

$5,755

Median Canyon Tax Bill

$3,775

Median Randall County Tax Bill

$4,007

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Canyon, Randall County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
79015$838$2,178$3,776$5,207$6,754
79018N/AN/AN/AN/AN/A
79118N/AN/AN/AN/AN/A
79119N/AN/AN/AN/AN/A

Source: Ownwell

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