Lockney, Floyd County, Texas Property Taxes
Property Taxes in Lockney, Texas
Median Lockney, Texas effective property tax rate: 2.27%, significantly higher than the national median of 1.02%, and higher than the Texas state median of 1.48%.
Median Lockney, Texas home value: $49,810
Median annual Lockney, Texas tax bill: $1,058, lower than the national median property tax bill of $2,400.
How are property taxes in Floyd County calculated?
Property taxes in Lockney, 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 Lockney's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lockney, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lockney, Floyd County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.27%
Estimate Property Tax Bill
$1,131
$1,049
How Does the Lockney Property Tax Calculator Work?
Use this Lockney property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lockney's median effective tax rate of 2.27% — based on actual property records in Floyd 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 Lockney'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 Lockney: rates range from 1058.00 in 79241 to 1058.00 in 79241, 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 Lockney.
About Lockney Property Taxes
About Property Taxes in Lockney, Floyd, Texas
Lockney’s median effective property tax rate of 2.27% is higher than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Floyd 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 Lockney. Homeowners in the 79241 ZIP code carry a median effective rate of 2.27%, while those in the same ZIP code pay 2.27%. This spread reflects how school district boundaries and local assessment districts are drawn across Floyd County. Understanding which part of Lockney you live in can make a meaningful difference to your annual tax bill.
Lockney 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 Lockney, Floyd 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 Lockney's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.
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 Lockney Tax Rate
2.27%
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 Floyd County Tax Rate
2.22%
Median Effective Texas Tax Rate
1.48%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lockney, Floyd County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79241 | 1.87% | 2.18% | 2.27% | 2.34% | 2.84% |
Source: Ownwell
Property Tax Assessment Values Across Lockney, Floyd County, Texas
When examining property taxes in Lockney, 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 Floyd 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 Floyd 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 Lockney.
For example, the median home price in Lockney is $49,810, with tax bills ranging significantly across the county. 79241 has the highest median home price at $49,810.
Property Tax Assessment Values Across Lockney, Floyd County, Texas
Source: Ownwell
$44,570
$47,190
$49,810
Median Lockney Market Value
$49,810
Median Floyd County Market Value
$46,790
Median Texas Market Value
$258,851
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lockney, Floyd County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79241 | $7,810 | $26,920 | $49,810 | $87,410 | $134,850 |
Source: Ownwell
Property Tax Bills Across Lockney, Floyd County, Texas
Property tax bills in Lockney are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value can be influenced by the home’s size, condition, location, and any improvements or changes that affect what the property is worth. Once the value is set, local taxing entities use it to determine the final bill.
For homeowners, this means a lower assessed value can lead to a smaller tax bill, while a higher assessed value can increase what is owed. In Lockney, the median home price is $49,810, and the median tax bill in ZIP code 79241 is $1,058.00. That sits below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. Tax bills can still vary widely, with the 25th percentile at $576 and the 90th percentile at $2,872.
Median Lockney Tax Bill
$1,058
Median Floyd County Tax Bill
$983
Median Texas Tax Bill
$3,441
Median United States Tax Bill
$2,400
Property Tax Bills Across Lockney, Floyd County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79241 | $209 | $576 | $1,058 | $1,875 | $2,872 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
Links | |
|---|---|
| Floyd Appraisal District | |
| Website | iswdataclient.azurewebsites.net |