Lockney, Swisher County, Texas Property Taxes

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

Median Lockney, TX effective property tax rate: 1.31%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Lockney, TX home value: $159,230
Median annual Lockney, TX tax bill: $2,088, $312 lower than the national median property tax bill of $2,400.

How are property taxes in Swisher County calculated?

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

Last Updated March 1, 2025

Lockney, Swisher County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.31%

Estimate Property Tax Bill

$2,086

$1,936

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

Property Tax Rates Across Lockney, Swisher County, Texas

Local government entities set tax rates, which can vary widely within a state. Annually, 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 Lockney’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

Property Tax Rates Across Lockney, Swisher County, Texas

Source: Ownwell

1.49%

1.77%

2.04%

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 Lockney Tax Rate

1.31%

Median Effective Swisher County Tax Rate

1.97%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lockney, Swisher County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79241	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Lockney, Swisher County, Texas

When examining property taxes in Lockney, 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 Swisher 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 Swisher 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 Lockney.

For example, the median home price in Lockney is $159,230, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Lockney, Swisher County, Texas

Source: Ownwell

$51,650

$57,168

$62,685

Median Lockney Market Value

$159,230

Median Swisher County Market Value

$61,350

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lockney, Swisher County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79241	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Lockney, Swisher County, Texas

In Lockney, located in Swisher County, TX, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is $159,230, and while the national median property tax rate is 1.02%, the specific rate for Lockney can vary. Homeowners in Lockney may find their tax bills are influenced by factors such as property improvements and local government budgets. The tax bill for the 25th, 75th, and 90th percentiles in Lockney is $2,088, which is below the national median property tax bill of $2,400. This suggests that many homeowners might be paying less than the national average, but there is still potential for savings. Ownwell offers property tax appeal services that can help homeowners in Lockney potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist in lowering the assessed value, helping homeowners save money and ensuring they are not overpaying on their property taxes.

Property Tax Bills Across Lockney, Swisher County, Texas

Source: Ownwell

$745

$896

$1,047

Median Lockney Tax Bill

$2,088

Median Swisher County Tax Bill

$1,000

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Lockney, Swisher County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79241	N/A	N/A	N/A	N/A	N/A

Source: Ownwell