Average Tax Assessment in Bailey County
Real Estate Values and Property Tax Valuation in Bailey County, Texas
Bailey County has a total of 2,321 properties with a cumulative value of $119.8M, representing 0.006% of all real estate value in Texas. Property taxes in Bailey County totaled $3.0M, with an average homeowner paying $1,325 in property taxes compared to the state average of $4,015. The average property tax rate in Bailey County is 2.51%, higher than the state average of 1.69%. Property taxes are based on the assessed value of the property, which is usually lower than the 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 | |
|---|---|
| Bailey Appraisal District | (806) 272-5501 |
| Bailey Clerk | (806) 272-3044 |
| TexasFile Clerk Records | - |
| 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 Bailey County
Residential Property Taxes by Cities in Bailey County
Bailey County has an average property tax rate of 2.51%, which is slightly lower than the state average of 2.56%. This rate is applied to all properties in the county, regardless of their location. However, the effective property tax rate can vary significantly across the cities in Bailey County. For example, Muleshoe has the highest effective property tax rate of 2.61%, while other cities such as Enochs and Hilltop have lower effective property tax rates of 2.45% and 2.50%, respectively. This means that homeowners in Muleshoe will pay more in property taxes than those in other cities in the county.
Overall, Bailey County has a relatively low property tax rate compared to other counties in the state. However, homeowners should be aware that the effective property tax rate can vary significantly across the cities in the county, so it is important to research the rates in the city where you are considering buying a home.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Bailey 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 |
|---|---|---|---|---|---|
| Muleshoe | $6,395 | $15,043 | $38,611 | $69,912 | $109,369 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Bailey County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Muleshoe | $159 | $371 | $976 | $1,879 | $3,048 |
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 |
|---|---|---|---|---|---|
| Muleshoe | 2.49% | 2.47% | 2.53% | 2.69% | 2.79% |
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Real Estate Values in Bailey County
The data from Redfin indicates that the median home price in Bailey County has not changed from October 2022 to October 2023. However, the home inventory in Bailey County has increased from 4 in October 2022 to 11 in October 2023. This suggests that the housing market in Bailey County is becoming more competitive, with more homes available for purchase. This trend is reflective of the overall housing market in Texas, which has seen an increase in home prices and a decrease in inventory over the past year.
Average Home Value in Bailey County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Bailey County
Last updated: November 2023
Percent Change in New Home Listings in Bailey County
Last updated: November 2023
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Mortgage Rates in Bailey County
There are currently no outstanding loans in Bailey County for home mortgages. This is likely due to the fact that the median home value in the county is relatively low, making it difficult for potential homeowners to secure a loan. However, even though there are no outstanding loans, the median mortgage rate in Bailey County varies significantly from city to city. For example, the city with the highest median mortgage rate has a rate that is nearly double that of the city with the lowest median mortgage rate. This indicates that potential homeowners should research the market thoroughly before committing to a loan.
Overall, the total outstanding loan amount across home mortgages in Bailey County is zero. This is likely due to the fact that the median home value in the county is relatively low, making it difficult for potential homeowners to secure a loan. However, the variation in rates across cities in the county is significant, with the highest median mortgage rate nearly double that of the lowest median mortgage rate. This highlights the importance of researching the market thoroughly before committing to a loan.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Bailey County by city.
We currently do not have this data but we are working to add this soon.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Bailey County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Bailey County, Texas
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