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Ransom Canyon, Lubbock County, Texas Property Taxes

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Property Taxes in Ransom Canyon, Texas

  • Median Ransom Canyon, Texas effective property tax rate: 1.52%, significantly higher than the national median of 1.02%, and higher than the Texas state median of 1.48%.

  • Median Ransom Canyon, Texas home value: $344,950

  • Median annual Ransom Canyon, Texas tax bill: $5,116, $2,716 higher than the national median property tax bill of $2,400.

How are property taxes in Lubbock calculated?

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

Last Updated April 13, 2026

Ransom Canyon, Lubbock County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.52%

Estimate Property Tax Bill

$5,243

$4,866

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Ransom Canyon Property Tax Calculator Work?

Use this Ransom Canyon property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Ransom Canyon's median effective tax rate of 1.52% — based on actual property records in Lubbock 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 Ransom Canyon'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 Ransom Canyon: rates range from 1.52% in 79366 to 1.52% in 79366, primarily due to differences in school district levies and local assessment districts.

If your estimate is higher than expected, Ownwell can appeal your Ransom Canyon assessment — you only pay if we save you money.

About Ransom Canyon Property Taxes

About Property Taxes in Ransom Canyon, Lubbock, Texas

Ransom Canyon's median effective property tax rate of 1.52% is higher than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Lubbock County base levy combined with local school district levies and Municipal Utility Districts (MUDs) that vary by subdivision throughout the city.

Property tax rates are not uniform across Ransom Canyon. Homeowners in the 79366 ZIP code carry a median effective rate of 1.52%, while those in the 79366 pay 1.52%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Lubbock County. Understanding which part of Ransom Canyon you live in can make a meaningful difference to your annual tax bill.

Ransom Canyon 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 Ransom Canyon, Lubbock 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 Ransom Canyon'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 Ransom Canyon, Lubbock County, Texas

Source: Ownwell

0.40%

1.02%

1.63%

Our median effective property tax rate (tax bill Ă· 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 Ransom Canyon Tax Rate

1.52%

Our median effective property tax rate (tax bill Ă· 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 Lubbock County Tax Rate

1.49%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ransom Canyon, Lubbock County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
793660.78%1.12%1.52%1.96%2.09%

Source: Ownwell

Property Tax Assessment Values Across Ransom Canyon, Lubbock County, Texas

When examining property taxes in Ransom Canyon, 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 Lubbock 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 Lubbock County, assessment notices are sent in April 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 Ransom Canyon.

For example, the median home price in Ransom Canyon is $344,950, with tax bills ranging significantly across the county. 79366 has the highest median home price at $344,950.

Property Tax Assessment Values Across Ransom Canyon, Lubbock County, Texas

Source: Ownwell

$52,326

$208,741

$365,156

Median Ransom Canyon Market Value

$344,950

Median Lubbock County Market Value

$194,643

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ransom Canyon, Lubbock County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
79366$225,692$272,962$344,950$439,976$565,546

Source: Ownwell

Property Tax Bills Across Ransom Canyon, Lubbock County, Texas

Property tax bills in Ransom Canyon are based on the assessed value of a home, not its market price alone. Local taxing authorities apply their tax rates to that assessed value to determine the bill, so homeowners with higher-valued properties generally pay more. With a median home price of $344,950, bills can vary widely, and many homeowners see amounts that are well above the national median property tax bill of $2,400.

In Lubbock County, the median property tax bill is $5,116.00 in ZIP code 79366, and bills in the area range from $3,587 at the 25th percentile to $9,677 at the 90th percentile. That means a property tax bill can have a major impact on monthly housing costs and long-term affordability.

Ownwell helps homeowners save by reviewing their assessed value and identifying opportunities to appeal overassessments or claim eligible exemptions, which can lower property tax bills and reduce what you pay each year.

Property Tax Bills Across Ransom Canyon, Lubbock County, Texas

Source: Ownwell

$489

$2,803

$5,116

Median Ransom Canyon Tax Bill

$5,116

Median Lubbock County Tax Bill

$2,485

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across Ransom Canyon, Lubbock County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
79366$2,366$3,587$5,116$7,092$9,677

Source: Ownwell

Don't miss the deadline to protest!

Frequently Asked Property Tax Questions in Ransom Canyon, Texas

How are property taxes calculated in Ransom Canyon, Texas?
Property taxes in Ransom Canyon, 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 Ransom Canyon, Texas?
To appeal your property taxes in Ransom Canyon, 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 Ransom Canyon, Texas?
Common property tax exemptions in Ransom Canyon, 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 Ransom Canyon, Texas?
Property tax deadlines in Ransom Canyon, 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 Ransom Canyon, Texas?
Ownwell provides professional property tax appeal services in Ransom Canyon, 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.