Average Tax Assessment in Bosque County
Real Estate Values and Property Tax Valuation in Bosque County, Texas
Bosque County has 8,796 properties with a cumulative value of $1.2B, representing 0.06% of all real estate value in Texas. Property taxes in Bosque County totaled $15.1M, with an average homeowner paying $1,716 in property taxes compared to the state average of $4,015. The average property tax rate in Bosque County is 1.25%, lower than the state average of 1.69%. 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 | |
|---|---|
| Bosque Assessor/Collector | (254) 435-2301 |
| Bosque Central Appraisal District | (254) 435-2304 |
| 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 Bosque County
Residential Property Taxes by Cities in Bosque County
Bosque County has an average property tax rate of 1.25%, which is slightly lower than the state average of 1.83%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average Bosque County property tax bill is $1,716, which is lower than the state average of $2,879.
Property tax rates vary across the cities in Bosque County. Valley Mills has the highest effective property tax rate at 1.44%, while Kopperl has the lowest effective property tax rate at 1.02%. This means that property owners in Valley Mills will pay more in taxes than those in Kopperl. In total, Bosque County is expected to collect $15.1 million in property taxes in 2023.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Bosque 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 |
|---|---|---|---|---|---|
| Clifton | $20,632 | $61,128 | $115,094 | $188,643 | $300,577 |
| Iredell | $18,421 | $58,333 | $112,934 | $187,416 | $310,075 |
| Kopperl | $8,560 | $26,342 | $70,792 | $151,350 | $242,456 |
| Meridian | $32,387 | $72,394 | $129,562 | $235,218 | $345,347 |
| Morgan | $14,338 | $38,889 | $89,730 | $171,992 | $263,611 |
| Valley Mills | $13,602 | $48,554 | $104,310 | $172,494 | $266,770 |
| Walnut Springs | $9,003 | $24,128 | $66,084 | $133,489 | $240,049 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Bosque County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clifton | $230 | $676 | $1,551 | $2,697 | $4,057 |
| Iredell | $169 | $422 | $1,224 | $2,162 | $3,408 |
| Kopperl | $73 | $217 | $635 | $1,395 | $2,643 |
| Meridian | $243 | $734 | $1,635 | $2,713 | $3,989 |
| Morgan | $138 | $399 | $953 | $1,908 | $3,038 |
| Valley Mills | $138 | $567 | $1,411 | $2,613 | $3,768 |
| Walnut Springs | $129 | $340 | $941 | $1,842 | $2,965 |
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 |
|---|---|---|---|---|---|
| Clifton | 1.11% | 1.11% | 1.35% | 1.43% | 1.35% |
| Iredell | 0.92% | 0.72% | 1.08% | 1.15% | 1.10% |
| Kopperl | 0.85% | 0.82% | 0.90% | 0.92% | 1.09% |
| Meridian | 0.75% | 1.01% | 1.26% | 1.15% | 1.16% |
| Morgan | 0.96% | 1.03% | 1.06% | 1.11% | 1.15% |
| Valley Mills | 1.01% | 1.17% | 1.35% | 1.51% | 1.41% |
| Walnut Springs | 1.43% | 1.41% | 1.42% | 1.38% | 1.24% |
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Real Estate Values in Bosque County
The data from Redfin shows that the median home price in Bosque County, Texas has increased significantly from October 2022 to October 2023, with a 56.16% increase. This indicates that the housing market in Bosque County is strong and that home prices are rising. Additionally, the home inventory in Bosque County has also increased from 61 in October 2022 to 85 in October 2023, indicating that there is an increased demand for housing in the area. This suggests that the housing market in Bosque County is healthy and that home prices are likely to continue to rise in the future.
Average Home Value in Bosque County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Bosque County
Last updated: November 2023
Percent Change in New Home Listings in Bosque County
Last updated: November 2023
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Mortgage Rates in Bosque County
Bosque County has a total of $207.0M in outstanding home mortgage loans, representing 1.7K individual loans. This is a significant amount of money, representing a large portion of the total home value in the county. The median mortgage rate in Bosque County varies significantly across cities, with Kopperl having the highest rate at 4.23%, and Meridian having the lowest rate at 3.95%. This variation in rates can make a big difference in the total cost of a loan, and it is important for potential borrowers to shop around and compare rates before making a decision.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Bosque County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clifton | $27,898 | $49,764 | $91,022 | $150,593 | $225,897 |
| Iredell | $30,511 | $52,204 | $95,510 | $155,806 | $279,490 |
| Kopperl | $25,571 | $49,683 | $87,398 | $171,167 | $261,689 |
| Meridian | $30,148 | $44,694 | $78,907 | $133,846 | $223,911 |
| Morgan | $29,140 | $51,213 | $95,434 | $145,492 | $224,619 |
| Valley Mills | $26,180 | $43,482 | $73,517 | $130,340 | $200,242 |
| Walnut Springs | $17,810 | $34,760 | $60,192 | $124,637 | $226,184 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Bosque County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clifton | 2.90% | 3.50% | 4.02% | 4.70% | 5.94% |
| Iredell | 3.05% | 3.56% | 4.10% | 4.93% | 6.10% |
| Kopperl | 3.04% | 3.69% | 4.23% | 4.87% | 6.21% |
| Meridian | 3.00% | 3.60% | 3.95% | 4.60% | 6.09% |
| Morgan | 2.90% | 3.52% | 4.04% | 4.80% | 6.19% |
| Valley Mills | 2.99% | 3.60% | 4.15% | 4.72% | 6.05% |
| Walnut Springs | 3.27% | 3.65% | 4.17% | 4.70% | 6.21% |
Housing Expenses in Bosque County, Texas
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