Lubbock Property Tax Values and Property Tax Protest Facts
Both a throwback and a harbinger of things to come, Lubbock County showcases both the past and future of Texas. With the titular city at its heart, the county continues to grow in both souls and in value. Property values have more than doubled in the past decade, and the Lubbock Central Appraisal District (LCAD) continues to increase values every year. Fight rising values and taxes when you join O’Connor’s Property Tax Protection Program™ today. There is no cost to join, and you will get premium support from client success consultants and world-class data. Enroll, relax, and save.
Total Market Value Lubbock CountySource: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.
| Billions of $ | |||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| $ Total Market Value | 18.106 | 18.991 | 20.362 | 21.538 | 23.026 | 24.344 | 25.834 | 27.323 | 31.557 | 35.686 | 38.920 |
| Single Family | 9.645 | 10.340 | 11.099 | 11.804 | 12.786 | 13.424 | 14.464 | 15.504 | 18.467 | 21.015 | 22.259 |
| Multi-family | 1.267 | 1.343 | 1.574 | 1.732 | 1.810 | 1.848 | 1.985 | 2.122 | 2.478 | 2.741 | 2.901 |
| Commercial | 4.747 | 5.034 | 5.275 | 5.515 | 5.756 | 6.004 | 6.324 | 6.644 | 7.023 | 7.640 | 8.128 |
| All Other | 2.447 | 2.275 | 2.415 | 2.487 | 2.674 | 3.069 | 3.061 | 3.053 | 3.589 | 4.290 | 5.632 |
Texas property owners should protest annually As part of maintaining their property, like a HVAC checkup.
Lubbock County Property
Tax Trends
While the focus is on the likes of Austin, DFW, and Houston, plenty of other areas in Texas are thriving. A traditional stronghold, Lubbock County continues to be an industrial and economic powerhouse for the region and helps keep neighboring counties afloat. With a growing populace, the demand for both commercial and residential real estate has reached a pitch never seen before. This has led to property tax appeals growing in prominence, setting records over the past decade. Sign up with O’Connor and get the benefit of joining forces with one of the nation’s top firms.
Lubbock County Total Market
Value of Property
Like most of Texas, Lubbock County has seen its taxable value double in the past decade. This is well above the rate of inflation and reveals how in-demand homes and businesses are. While places such as Travis County have seen values triple, even the rate seen in Lubbock can be crippling for a population mostly made up of working people. This is especially true as the cost of housing increases.
Most of the increased value comes from homes. While businesses have grown slowly, the value of homes has more than doubled in the past decade. Starting at 9.65 billion in 2014, 2024 saw homes reach $22.26 billion. Thankfully, this has been a steady climb, instead of the unpredictable spikes seen in many counties. Business property has grown around the same rate as inflation, with commercial leading the charge in 2024 with $8.13 billion. Oil, gas, and utilities took second place with $5.63 billion, while apartments had a total of $2.90 billion.
Property Value Reduction By Type of Appeal Source: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.
| Billions of $ | |||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| Total | 0.106 | 0.073 | 0.121 | 0.136 | 0.216 | 0.251 | 0.602 | 0.702 | 1.329 | 1.785 | 2.02 |
| Informal Appeal | 0.058 | 0.034 | 0.067 | 0.053 | 0.074 | 0.064 | 0.173 | 0.282 | 0.513 | 0.536 | 0.664 |
| Formal ARB Determination | 0.0350 | 0.0320 | 0.0320 | 0.0320 | 0.0620 | 0.0920 | 0.3510 | 0.3520 | 0.6820 | 1.0480 | 1.1210 |
| Judicial Appeal | 0.0130 | 0.0080 | 0.0220 | 0.0510 | 0.0800 | 0.0950 | 0.0780 | 0.0680 | 0.1340 | 0.2010 | 0.2360 |
Texas property owners should protest annually since Texas law requires property owners to protest to get information on their property and comparable sales in the area. This information is free and available upon request via U.S. mail (once you file a protest).
Lubbock CAD Value Reduction By
Type of Appeal
While property values have soared, appeals have blown through the roof. Starting with only $106 million in value being contested in 2014, this had reached $2.02 billion by 2024. This is one of the fastest rates of climb for protests seen in Texas, even as the state as a whole has embraced appeals more. This is certainly a mix of good and bad news. Appeals join exemptions as the only way to lower property values, but the fast adoption of them reveals how out-of-control things are getting.
Lubbock was strange among Texas counties in that formal appeals have always been equal to or have surpassed informal ones. While most major counties now lean on formal protests, this has been a recent phenomenon. In 2024, $1.12 billion in value was contested by formal hearings, while $684 million was contested informally. Litigation had a strong showing as well, and disputed $236 million.
Total Property Tax Savings All Protests and AppealsSource: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.
| Millions of $ | |||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| All Property Types | 2.22 | 1.54 | 2.54 | 2.85 | 4.54 | 5.28 | 12.63 | 14.73 | 27.90 | 37.49 | 42.43 |
| Single Family | 0.69 | 0.38 | 0.66 | 1.05 | 1.31 | 2.05 | 1.55 | 2.19 | 4.60 | 7.47 | 7.51 |
| Commercial / All other | 1.53 | 1.16 | 1.88 | 1.80 | 3.23 | 3.23 | 11.08 | 12.54 | 23.30 | 30.02 | 34.92 |
Texas property owners should protest annually since Because it is the surest way to reduce property taxes.
Total LCAD Property Tax Savings
by Type
Appeals have not only set records for the value they contest, but have also managed to cut more taxes from the rolls than ever before. Since 2015, every year has seen more and more taxes cut, going from a meager $2.22 million in 2014 to an impressive $42.43 million in 2024. There has been meteoric growth in the past five years, showing that taxpayers are matching LCAD’s aggressiveness.
Business properties of all types combined to save $34.92 million in taxes in 2024, the most ever for them. This was followed by $7.51 million in savings for homeowners, the second-best achieved, with 2023being slightly higher. Both cases show both the dedication of taxpayers and the pure effectiveness of appeals.