Average Tax Assessment in Lynn County
Real Estate Values and Property Tax Valuation in Lynn County, Texas
Lynn County has a total of 2,413 properties with a cumulative value of $278.4M, representing 0.01% of all real estate value in Texas. Property taxes in Lynn County totaled $5.8M, with an average homeowner paying $2,438 in property taxes compared to the state average of $4,015. The average property tax rate in Lynn County is 2.07%, while the state average is 1.69%. Property taxes are calculated based on the assessed value of the property, which is typically lower than the market value.
The property tax timeline in Texas begins on January 1st, when the property valuation date is set. Property value notices are issued between April and May, and the property tax appeal deadline is May 15th or 30 days after the notices are issued. The real property tax bill is due on January 31st for the preceding year's gross tax bills.
Updated November 01, 2023
| Important Links | |
|---|---|
| Lynn Appraisal District | (806) 561-5477 |
| TexasFile Clerk Records | - |
| Important Dates | |
|---|---|
| Real Property Tax Bill Due (1st of #): | January 31st, Gross tax bills for preceding year |
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - May |
| Property Tax Appeal Deadline: | May 15th or 30 days after notices are issued |
| Property Tax Bills Issued: | October 1st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Lynn County
Residential Property Taxes by Cities in Lynn County
Lynn County has an average property tax rate of 2.07%, which is slightly lower than the state average of 2.17%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Lynn County are collected by the county and distributed to the cities and other local entities.
Property tax rates vary across the cities in Lynn County. Odonnell has the highest effective property tax rate at 2.22%, while Wilson has the lowest at 2.04%. The difference in rates is due to the different tax rates set by each city. Property owners in Odonnell pay slightly more in taxes than those in Wilson, but the difference is not significant.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Lynn County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Lynn County.
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
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Real Estate Values in Lynn County
The data from Redfin shows that the median home price in Lynn County, Texas has increased significantly from October 2022 to October 2023, with a 44.24% increase. This indicates that the housing market in Lynn County is strong and that demand for homes is high. Additionally, the home inventory in Lynn County has also increased from 22 in October 2022 to 29 in October 2023, indicating that there is an increased supply of homes in the area. Overall, this data suggests that the housing market in Lynn County is healthy and that home prices are likely to continue to rise in the future.
Average Home Value in Lynn County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Lynn County
Last updated: November 2023
Percent Change in New Home Listings in Lynn County
Last updated: November 2023
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Mortgage Rates in Lynn County
There are currently no outstanding loans in Lynn County for home mortgages. This means that the total outstanding loan amount across home mortgages in Lynn County is zero. The median mortgage rate in Lynn County is unknown, as there are no outstanding loans. However, the median mortgage rate can vary significantly across counties. For example, the city with the highest median mortgage rate may have a rate that is much higher than the city with the lowest median mortgage rate.
The percentage of total home value that is mortgaged can also vary significantly across counties. In some counties, the majority of home value may be mortgaged, while in other counties, the majority of home value may not be mortgaged. It is important to consider the total outstanding loan amount, the percentage of total home value that is mortgaged, and the variation in rates across counties when considering mortgages in Lynn County.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Lynn County by city.
We currently do not have this data but we are working to add this soon.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Lynn County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Lynn County, Texas
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