Average Tax Assessment in Anderson County
Real Estate Values and Property Tax Valuation in Anderson County, Texas
Anderson County has a total of 17,874 properties with a cumulative value of $1.9B, representing 0.09% of all real estate value in Texas. Property taxes in Anderson County totaled $48.5M, with an average homeowner paying $2,745 in property taxes compared to the state average of $4,015. The average property tax rate in Anderson County is 2.55%, while the state average is 1.69%. Properties are valued for tax purposes based on their estimated market value.
The property tax timeline in Texas begins on January 1st, when the property valuation date is set. Property value notices are issued between April and May, and the property tax appeal deadline is May 15th or 30 days after the notices are issued. The real property tax bill is due on January 31st for the preceding year's gross tax bills.
Updated November 01, 2023
| Important Links | |
|---|---|
| Anderson Appraisal District | (903) 723-2949 |
| Anderson Tax Office | (903) 723-7423 |
| Anderson Clerk | (903) 723-7402 |
| Anderson Assessor | (865) 457-5400 |
| Important Dates | |
|---|---|
| Real Property Tax Bill Due (1st of #): | January 31st, Gross tax bills for preceding year |
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - May |
| Property Tax Appeal Deadline: | May 15th or 30 days after notices are issued |
| Property Tax Bills Issued: | October 1st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Anderson County
Residential Property Taxes by Cities in Anderson County
Anderson County has an average property tax rate of 2.55%, which is slightly lower than the state average of 2.62%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average property tax bill in Anderson County is $2,745, which is slightly lower than the state average of $2,845.
Property tax rates in Anderson County vary across the cities, with Palestine having the highest effective rate of 2.81% and Grapeland having the lowest effective rate of 1.63%. This means that property owners in Palestine will pay more in taxes than those in Grapeland. However, the difference in rates is not significant, and overall, Anderson County has a relatively low property tax rate compared to other counties in the state.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Anderson County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Elkhart | $12,290 | $34,569 | $76,278 | $149,746 | $238,392 |
| Frankston | $9,383 | $35,876 | $94,594 | $177,807 | $262,654 |
| Grapeland | $29,224 | $58,446 | $116,976 | $208,947 | $317,303 |
| Montalba | $20,371 | $52,265 | $99,442 | $186,981 | $333,177 |
| Palestine | $13,136 | $37,695 | $78,116 | $132,068 | $211,343 |
| Tennessee Colony | $12,302 | $28,129 | $72,982 | $170,270 | $299,593 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Anderson County.
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Elkhart | 0.48% | 1.22% | 2.08% | 2.19% | 2.43% |
| Frankston | 0.32% | 1.21% | 2.07% | 2.52% | 2.69% |
| Grapeland | 0.43% | 1.28% | 1.47% | 1.80% | 1.92% |
| Montalba | 0.14% | 1.06% | 1.59% | 1.84% | 1.78% |
| Palestine | 0.76% | 1.75% | 2.76% | 3.15% | 3.00% |
| Tennessee Colony | 0.68% | 1.35% | 1.56% | 1.52% | 1.59% |
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Real Estate Values in Anderson County
The data from Redfin shows that home prices in Anderson County, Texas have increased significantly from October 2022 to October 2023, with a 12.54% increase in median home price. This is likely due to the increase in home inventory, which has more than doubled from 60 homes in October 2022 to 160 homes in October 2023. This suggests that the housing market in Anderson County is becoming more competitive, with more buyers competing for fewer homes. This has likely driven up home prices in the area.
Average Home Value in Anderson County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Anderson County
Last updated: November 2023
Percent Change in New Home Listings in Anderson County
Last updated: November 2023
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Mortgage Rates in Anderson County
Mortgages in Anderson County are a significant part of the local economy, with a total outstanding loan amount of $403.2 million. This represents a significant portion of the total home value in the county, indicating that homeownership is a major part of the local economy. The number of outstanding loans in Anderson County is 3.9K, indicating that there is a high level of homeownership in the area.
The median mortgage rate in Anderson County varies across cities, with Montalba having the highest rate at 4.24% and Frankston having the lowest rate at 3.92%. This variation in rates indicates that there is a wide range of options available to potential homeowners in the county, allowing them to find the best rate for their needs. Overall, mortgages in Anderson County are an important part of the local economy, with a significant amount of outstanding loans and a wide range of rates available.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Anderson County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Elkhart | $19,724 | $36,813 | $78,363 | $136,507 | $211,967 |
| Frankston | $24,807 | $54,058 | $97,774 | $167,143 | $249,885 |
| Grapeland | $22,654 | $45,323 | $86,891 | $176,338 | $225,689 |
| Montalba | $20,499 | $40,980 | $71,440 | $119,020 | $173,742 |
| Palestine | $22,695 | $43,621 | $76,926 | $127,645 | $191,015 |
| Tennessee Colony | $18,379 | $40,826 | $72,023 | $142,292 | $243,108 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Anderson County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Elkhart | 2.90% | 3.55% | 4.03% | 4.87% | 6.19% |
| Frankston | 2.90% | 3.42% | 3.92% | 4.79% | 6.00% |
| Grapeland | 3.08% | 3.58% | 4.16% | 4.73% | 6.03% |
| Montalba | 3.36% | 3.72% | 4.24% | 5.13% | 6.24% |
| Palestine | 2.98% | 3.59% | 4.10% | 4.93% | 6.16% |
| Tennessee Colony | 2.90% | 3.59% | 4.12% | 4.65% | 6.20% |
Housing Expenses in Anderson County, Texas
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