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Lipan, Parker County, Texas Property Taxes

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Property Taxes in Lipan, Texas

  • Median Lipan, Texas effective property tax rate: 1.20%, significantly lower than the national median of 1.02%, and lower than the Texas state median of 1.48%.

  • Median Lipan, Texas home value: $560,580

  • Median annual Lipan, Texas tax bill: $6,674, $4,274 higher than the national median property tax bill of $2,400.

How are property taxes in Parker calculated?

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

Last Updated April 13, 2026

Lipan, Parker County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.2%

Estimate Property Tax Bill

$6,727

$6,242

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Lipan Property Tax Calculator Work?

Use this Lipan property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Lipan's median effective tax rate of 1.20% — based on actual property records in Parker 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 Lipan'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 Lipan: rates range from 1.20% in 76462 to 1.20% in 76462, primarily due to differences in school district levies and local assessment districts. Lipan's median property tax bill of $6,674 is higher than the national median property tax bill of $2,400 and higher than the state median property tax bill of $2,400.

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

About Lipan Property Taxes

About Property Taxes in Lipan, Parker, Texas

Lipan’s median effective property tax rate of 1.20% is lower than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Parker 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 Lipan. Homeowners in the 76462 ZIP code carry a median effective rate of 1.20%, while those in the same ZIP code also pay 1.20%. This reflects how school district boundaries and local assessment districts are drawn across Parker County. Understanding where you live in Lipan can make a meaningful difference to your annual tax bill.

Lipan 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 Lipan, Parker 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 Lipan'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 Lipan, Parker County, Texas

Source: Ownwell

0.49%

1.05%

1.61%

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 Lipan Tax Rate

1.20%

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 Parker County Tax Rate

1.24%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lipan, Parker County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
764620.49%0.91%1.20%1.84%1.84%

Source: Ownwell

Property Tax Assessment Values Across Lipan, Parker County, Texas

When examining property taxes in Lipan, 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 Parker 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 Parker County, assessment notices are sent in April each year. 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.

For example, the median home price in Lipan is $560,580, with a median tax bill of $6,674. Tax bills range from $3,694 at the 25th percentile to $8,934 at the 75th percentile, and reach $11,618 at the 90th percentile. The ZIP code 76462 has the highest median home price at $560,580.

Property Tax Assessment Values Across Lipan, Parker County, Texas

Source: Ownwell

$82,235

$339,290

$596,345

Median Lipan Market Value

$560,580

Median Parker County Market Value

$326,390

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lipan, Parker County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76462$168,730$388,120$560,580$682,690$815,620

Source: Ownwell

Property Tax Bills Across Lipan, Parker County, Texas

Property tax bills in Lipan 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 final bill, so changes in valuation can directly affect what homeowners owe. With a median home price of $560,580, property taxes can become a major expense, especially when the bill rises above what the home is actually worth to the owner.

In Lipan, the 25th percentile tax bill is $3,694, the 75th percentile is $8,934, and the 90th percentile is $11,618. The median tax bill is $6,674 in ZIP code 76462, which is well above the national median property tax bill of $2,400. That means many homeowners in Lipan may be paying more than the typical U.S. homeowner.

Ownwell helps homeowners lower property tax bills by reviewing assessed values, identifying savings opportunities, and filing appeals when a home has been overassessed.

Property Tax Bills Across Lipan, Parker County, Texas

Source: Ownwell

$749

$4,539

$8,328

Median Lipan Tax Bill

$6,674

Median Parker County Tax Bill

$3,309

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across Lipan, Parker County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76462$1,129$3,694$6,674$8,934$11,618

Source: Ownwell

Don't miss the deadline to protest!

Frequently Asked Property Tax Questions in Lipan, Texas

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