Average Tax Assessment in Baylor County
Real Estate Values and Property Tax Valuation in Baylor County, Texas
Baylor County has 2,089 properties with a cumulative value of $102.0M, representing 0.005% of all real estate value in Texas. The total property taxes collected in Baylor County is $1.6M, with an average property tax rate of 1.54%. The average homeowner in Baylor County pays $821 in property taxes, which is significantly lower than the state average of $4,015. Property taxes are calculated based on the assessed value of the property, which is typically 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 | |
|---|---|
| Baylor Appraisal District | (940) 888-5636 |
| 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 Baylor County
Residential Property Taxes by Cities in Baylor County
Baylor County has an average property tax rate of 1.54%, which is slightly lower than the state average of 1.81%. This rate is consistent across all cities in the county, with Seymour having the highest effective property tax rate of 1.54%. Property taxes in Baylor County are relatively low compared to other counties in the state, making it an attractive option for those looking to purchase a home.
Property taxes in Baylor County vary slightly across the cities, with Seymour having the highest effective property tax rate of 1.54%. However, the difference in rates is minimal, and all cities in the county have an average property tax rate of 1.54%. This rate is lower than the state average, making Baylor County an attractive option for those looking to purchase 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 Baylor 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 |
|---|---|---|---|---|---|
| Seymour | $2,708 | $12,365 | $33,485 | $66,700 | $113,558 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Baylor County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Seymour | $84 | $254 | $556 | $1,078 | $1,909 |
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 |
|---|---|---|---|---|---|
| Seymour | 3.10% | 2.05% | 1.66% | 1.62% | 1.68% |
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Real Estate Values in Baylor County
The median home price in Baylor County, Texas, has remained steady at $35.0K in October 2023 compared to October 2022. The home inventory in Baylor County has increased slightly from 24 in October 2022 to 25 in October 2023. This suggests that the housing market in Baylor County is stable and there is no significant change in home prices.
Average Home Value in Baylor County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Baylor County
Last updated: November 2023
Percent Change in New Home Listings in Baylor County
Last updated: November 2023
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Mortgage Rates in Baylor County
Baylor County has a total of $6.7 million in outstanding home mortgage loans, representing 67 loans in total. This amount is equivalent to approximately 0.3% of the total home value in the county. The median mortgage rate in Baylor County varies across cities, with Seymour having the highest rate of 3.55%. This rate is slightly higher than the national average of 3.17%. However, Seymour also has the lowest median mortgage rate in the county, indicating that there is not a large variation in rates across cities. Overall, the mortgage market in Baylor County is relatively stable and competitive, offering borrowers a variety of options when it comes to financing their homes.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Baylor County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Seymour | $29,478 | $43,145 | $89,571 | $131,915 | $182,018 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Baylor County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Seymour | 2.73% | 2.90% | 3.55% | 3.81% | 4.40% |
Housing Expenses in Baylor County, Texas
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