Property Tax & Income in Lipscomb County, Texas
Lipscomb County has an effective property tax rate of 1.41%. On the median home value of $124,300, that's roughly $1,748 per year. Median household income is $72,560.
What you'll pay, at a glance
Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.
| Metric | Lipscomb County | Texas (state context) |
|---|---|---|
| Effective property tax rate1 | 1.41% | 1.18% |
| Median home value1 | $124,300 | — |
| State income tax3 | No state income tax | No state income tax |
| State sales tax3 | 8.20% combined | 8.20% combined |
How this is calculated
The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.
About Lipscomb County, TX
Lipscomb County’s effective property tax rate of 1.406% sits well above both the Texas median of 1.183% and the national median of 0.794%. That gap signals a heavier reliance on property taxes here than in most U.S. communities, though the county’s rank of 68th out of 250 Texas counties places it in the higher half rather than at the extreme. A median home value of $124,300 produces an annual tax bill of about $1,748. With median household income at $72,560 and per-capita income at $32,221, the tax load is shaped as much by lower property values as by the rate itself. Booker, Darrouzett, and Follett anchor the county, and homeowners in these communities face costs that outpace state and national norms even as absolute bills stay below what many metro areas command.