Lubbock Tax Appraisal District Residential Property

The Lubbock Central Appraisal District (LCAD) oversees a diverse and expanding residential property market, including single-family homes, multi-family units, and vacant land. The total market value of residential properties has been increasing, reflecting a growing demand for housing in the region.

Taxable Residential Property Data

The total taxable value for single-family residential properties in 2023 was $19.5 billion, accounting for 60.03% of the county’s total taxable value.
Multi-family properties had a taxable value of $2.72 billion, showing steady investment in rental and multi-unit housing.
Residential inventory properties (new homes held for sale) had a taxable value of $91.6 million, reflecting ongoing real estate development.

Taxable property values play a crucial role in determining property tax assessments.

Single family home

95,278 single-family residential properties are registered under LCAD, making up 58.89% of the county’s total market value.
The total market value of single-family homes in Lubbock County reached $21 billion in 2023, a significant increase from previous years.
The average market value of a single-family residence rose to $217,152 in 2023, continuing a multi-year upward trend.

Over the years, Lubbock County has experienced a steady rise in residential property values, reflecting a strong real estate market.

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Lubbock Tax Appraisal District Residential Property