Follett, Lipscomb County, Texas Property Taxes

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Property Taxes in Follett, Texas

Median Follett, Texas effective property tax rate: 2.75%, significantly higher than the national median of 1.02%, and higher than the Texas state median of 1.48%.
Median Follett, Texas home value: $35,355
Median annual Follett, Texas tax bill: $908, lower than the national median property tax bill of $2,400.

How are property taxes in Lipscomb calculated?

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

Last Updated April 13, 2026

Follett, Lipscomb County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.75%

Estimate Property Tax Bill

$972

$902

How Does the Follett Property Tax Calculator Work?

Use this Follett property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Follett's median effective tax rate of 2.75% — based on actual property records in Lipscomb County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Follett's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Follett: rates range from 2.75% in 79034 to 2.75% in 79034, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Follett.

About Follett Property Taxes

About Property Taxes in Follett, Lipscomb, Texas

Follett’s median effective property tax rate of 2.75% is higher than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Lipscomb County base levy combined with local school district levies and Municipal Utility Districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Follett. Homeowners in the 79034 ZIP code carry a median effective rate of 2.75%, while those in the same ZIP code pay 2.75%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Lipscomb County. Understanding which part of Follett you live in can make a meaningful difference to your annual tax bill.

Follett homeowners who believe their assessed value is too high can file a formal appeal with the local Appraisal District before the May 15, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Follett, Lipscomb County, Texas

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because 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 Follett'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 Follett, Lipscomb County, Texas

Source: Ownwell

1.70%

2.74%

3.79%

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 Follett Tax Rate

2.75%

Median Effective Lipscomb County Tax Rate

2.76%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Follett, Lipscomb County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79034	1.61%	2.48%	2.75%	2.76%	2.81%

Source: Ownwell

Property Tax Assessment Values Across Follett, Lipscomb County, Texas

When examining property taxes in Follett, Texas, 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 Lipscomb 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 Lipscomb 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 Follett.

For example, the median home price in Follett is $35,355, with tax bills ranging significantly across the county. 79034 has the highest median home price at $35,355.

Property Tax Assessment Values Across Follett, Lipscomb County, Texas

Source: Ownwell

$17,690

$46,395

$75,100

Median Follett Market Value

$35,355

Median Lipscomb County Market Value

$33,110

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

Property Tax Assessment Values Across Follett, Lipscomb County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79034	$3,348	$12,930	$35,355	$71,448	$91,025

Source: Ownwell

Property Tax Bills Across Follett, Lipscomb County, Texas

How are property tax bills calculated in Follett?

Property tax bills in Follett are based on the assessed value of a home, not the purchase price. Local taxing authorities apply tax rates to that assessed value to determine the annual bill, and the amount can vary depending on the home’s market value, exemptions, and any local levies.

What factors affect the bill? A home with a median home price of $35,355 can still see a wide range of tax bills because assessments and tax rates are not the same for every property. In Lipscomb County, the 25th percentile tax bill is $324, the 75th percentile is $1,627, and the 90th percentile is $2,231. The median tax bill is $908, which is well below the national median property tax bill of $2,400.

How does this affect homeowners? Even modest changes in assessed value or local rates can raise or lower the bill, making it important for homeowners to understand how their property is taxed.

Property Tax Bills Across Follett, Lipscomb County, Texas

Source: Ownwell

$376

$859

$1,341

Median Follett Tax Bill

$908

Median Lipscomb County Tax Bill

$856

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across Follett, Lipscomb County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79034	$97	$324	$908	$1,627	$2,231

Source: Ownwell

Don't miss the deadline to protest!

Dates
Appeal Deadline	May 15

Links
Lipscomb Appraisal District
Website	www.southwestdatasolution.com

Frequently Asked Property Tax Questions in Follett, Texas

How are property taxes calculated in Follett, Texas?

Property taxes in Follett, Texas are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Follett, Texas?

To appeal your property taxes in Follett, Texas, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Follett, Texas?

Common property tax exemptions in Follett, Texas include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Follett, Texas?

Property tax deadlines in Follett, Texas vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Follett, Texas?

Ownwell provides professional property tax appeal services in Follett, Texas. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.