Average Tax Assessment in Bandera County
Real Estate Values and Property Tax Valuation in Bandera County, Texas
Bandera County has 11,098 properties with a cumulative value of $1.6B, representing 0.07% of all real estate value in Texas. Property taxes in Bandera County totaled $20.6M, with an average homeowner paying $1,857 in property taxes compared to the state average of $4,015. The average property tax rate in Bandera County is 1.29%, lower than the state average of 1.69%. Properties are typically valued for tax purposes based on their 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 | |
|---|---|
| Bandera Appraisal District | (830) 796-3030 |
| Bandera Clerk | (830) 796-3332 |
| 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 Bandera County
Residential Property Taxes by Cities in Bandera County
Bandera County has an average property tax rate of 1.29%, which is slightly lower than the state average of 1.81%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average Bandera County property tax bill is estimated to be $1,857 in 2023.
Property tax rates vary across the cities in Bandera County. The city with the highest effective property tax rate is Lakehills at 1.37%, while the city with the lowest effective property tax rate is Medina at 0.95%. This means that property owners in Lakehills will pay more in taxes than those in Medina. However, the difference in rates is not significant enough to make a major impact on the overall property tax burden in Bandera County.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Bandera 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 |
|---|---|---|---|---|---|
| Bandera | $14,491 | $34,428 | $87,220 | $209,358 | $332,836 |
| Lakehills | $26,599 | $61,318 | $132,090 | $248,990 | $364,492 |
| Medina | $6,936 | $24,100 | $73,100 | $160,780 | $306,908 |
| Pipe Creek | $11,500 | $29,102 | $70,975 | $148,728 | $277,171 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Bandera County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bandera | $142 | $383 | $1,123 | $2,696 | $4,578 |
| Lakehills | $269 | $691 | $1,756 | $3,479 | $5,259 |
| Medina | $72 | $205 | $748 | $1,889 | $3,798 |
| Pipe Creek | $128 | $347 | $940 | $1,986 | $3,525 |
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 |
|---|---|---|---|---|---|
| Bandera | 0.98% | 1.11% | 1.29% | 1.29% | 1.38% |
| Lakehills | 1.01% | 1.13% | 1.33% | 1.40% | 1.44% |
| Medina | 1.04% | 0.85% | 1.02% | 1.17% | 1.24% |
| Pipe Creek | 1.11% | 1.19% | 1.32% | 1.34% | 1.27% |
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Real Estate Values in Bandera County
The median home price in Bandera County, Texas decreased by 1.53% from October 2022 to October 2023, from $415.9K to $409.5K. This is in line with the overall trend in Texas, where home prices have been steadily increasing over the past few years. The home inventory in Bandera County also increased from 139 in October 2022 to 170 in October 2023, indicating that there is an increased demand for housing in the area.
Average Home Value in Bandera County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Bandera County
Last updated: November 2023
Percent Change in New Home Listings in Bandera County
Last updated: November 2023
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Mortgage Rates in Bandera County
Bandera County has a total outstanding loan amount of $754.2M across home mortgages. This represents 2.1K outstanding loans in the county, which is a significant amount of money. The median mortgage rate in Bandera County is 3.99%, with the highest median rate being in Bandera and the lowest in Medina at 3.95%. This indicates that there is a slight variation in mortgage rates across the county, with the highest rate being slightly higher than the lowest. The total outstanding loan amount is a significant percentage of the total home value in Bandera County, which shows that mortgages are an important part of the local economy.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Bandera County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bandera | $25,779 | $57,637 | $119,277 | $197,905 | $283,833 |
| Lakehills | $27,989 | $66,709 | $136,715 | $208,623 | $316,760 |
| Medina | $22,049 | $51,898 | $89,318 | $161,826 | $257,671 |
| Pipe Creek | $20,513 | $42,430 | $90,723 | $175,567 | $303,741 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Bandera County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bandera | 2.90% | 3.50% | 3.99% | 4.60% | 6.10% |
| Lakehills | 2.96% | 3.46% | 3.97% | 4.60% | 6.05% |
| Medina | 2.90% | 3.30% | 3.95% | 4.70% | 6.13% |
| Pipe Creek | 2.99% | 3.52% | 3.98% | 4.70% | 5.85% |
Housing Expenses in Bandera County, Texas
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