Canyon, Deaf Smith County, Texas Property Taxes

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

Median Canyon, TX effective property tax rate: 1.74%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Canyon, TX home value: $253,680
Median annual Canyon, TX tax bill: $4,410, $2,010 higher than the national median property tax bill of $2,400.

How are property taxes in Deaf Smith 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, Deaf Smith County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.74%

Estimate Property Tax Bill

$4,414

$4,096

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 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 Deaf Smith County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Canyon, Deaf Smith 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 Canyon’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Canyon, located in Deaf Smith County, has an effective property tax rate of 1.74%. This rate is notably higher than the national median property tax rate of 1.02%. When compared to the national median property tax bill of $2,400, property owners in Canyon might experience a different financial impact. Understanding these differences can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Canyon, Deaf Smith County, Texas

Source: Ownwell

1.32%

1.60%

1.88%

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

1.74%

Median Effective Deaf Smith County Tax Rate

1.87%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Canyon, Deaf Smith County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79015	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Canyon, Deaf Smith 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 Deaf Smith 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.

Assessment notices:

In Deaf Smith 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 $253,680, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Canyon, Deaf Smith County, Texas

Source: Ownwell

$119,740

$247,500

$375,260

Median Canyon Market Value

$253,680

Median Deaf Smith County Market Value

$121,050

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Canyon, Deaf Smith County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79015	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Canyon, Deaf Smith County, Texas

Property tax bills in Canyon, located in Deaf Smith County, Texas, are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which considers factors such as the property's market value, location, and any improvements made. In Canyon, the median property tax bill is $4,410, significantly higher than the national median of $2,400. This discrepancy highlights the impact of local tax rates and assessed values on homeowners' financial responsibilities.

Homeowners in Canyon can face substantial tax bills due to these factors, which can strain household budgets. Ownwell offers valuable assistance by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially reduce their assessed values and, consequently, their tax bills. Ownwell's team analyzes property data, identifies discrepancies, and advocates on behalf of homeowners during the appeal process. This proactive approach not only helps in lowering tax bills but also ensures that homeowners are not overpaying on their property taxes.

Property Tax Bills Across Canyon, Deaf Smith County, Texas

Source: Ownwell

$2,104

$3,558

$5,012

Median Canyon Tax Bill

$4,410

Median Deaf Smith County Tax Bill

$2,120

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Canyon, Deaf Smith County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79015	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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Dates

Links
Deaf Smith Appraisal District
Website	esearch.deafsmithcad.org