Perryton, Lipscomb County, Texas Property Taxes
Median Perryton, TX effective property tax rate: 1.77%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Perryton, TX home value: $88,700
Median annual Perryton, TX tax bill: $1,566, $834 lower than the national median property tax bill of $2,400.
How are property taxes in Lipscomb County calculated?
Property taxes in Perryton, 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 Perryton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Perryton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Perryton, Lipscomb County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.77%
Estimate Property Tax Bill
$1,570
$1,457
Property Tax Rates Across Perryton, Lipscomb County, Texas
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually 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.
Perryton, located in Lipscomb County, Texas, provides an interesting case study. Texas is known for having relatively high property tax rates compared to the national median of 1.02%. Perryton's effective property tax rate reflects this trend, offering a unique perspective on how local fiscal policies impact property owners.
Comparing Perryton’s rate with other cities in Texas and the national median reveals the diversity in property tax rates. While some areas in Texas might have rates closer to the national average, others, like Perryton, demonstrate the higher end of the spectrum. This comparison underscores the importance of understanding local tax policies, as they can significantly influence the financial landscape for property owners.
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 Perryton Tax Rate
1.77%
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 Lipscomb County Tax Rate
2.36%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Perryton, Lipscomb County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79070 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Perryton, Lipscomb County, Texas
When examining property taxes in Perryton, 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 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.
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 Perryton. For example, the median home price in Perryton is $88,700, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Perryton, Lipscomb County, Texas
Source: Ownwell
$16,810
$45,558
$74,305
Median Perryton Market Value
$88,700
Median Lipscomb County Market Value
$31,530
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Perryton, Lipscomb County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79070 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Perryton, Lipscomb County, Texas
In Perryton, located in Lipscomb County, TX, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and is a percentage of the property's market value. The property tax rate is then applied to this assessed value to calculate the annual tax bill. For many homeowners in Perryton, the tax bill can be significant, with the 25th percentile at $1,281 and the 75th percentile reaching $1,662. Compared to the national median property tax bill of $2,400, Perryton's figures are relatively lower, yet they can still be a burden for some homeowners.
Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value, thereby affecting the tax bill. Ownwell assists homeowners by offering property tax appeal and exemption services, potentially reducing their tax liabilities. By analyzing property values and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying, providing significant savings and peace of mind.
Median Perryton Tax Bill
$1,566
Median Lipscomb County Tax Bill
$613
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Perryton, Lipscomb County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79070 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell