Average Tax Assessment in Childress County
Real Estate Values and Property Tax Valuation in Childress County, Texas
Childress County has a total of 2,523 properties with a cumulative value of $149.6M, representing 0.007% of all real estate value in Texas. The average property tax rate in Childress County is 1.72%, which is slightly higher than the state average of 1.69%. Property taxes in Childress County totaled $2.6M, with the average homeowner paying $1,036 in property taxes compared to the state average of $4,015. Property taxes are typically 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 | |
|---|---|
| Childress Clerk | (940) 937-6143 |
| 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 Childress County
Residential Property Taxes by Cities in Childress County
Childress County has an average property tax rate of 1.72%, which is slightly higher than the state average of 1.68%. This rate applies to all cities in the county, including Childress, which has the highest effective property tax rate of 1.73%. This rate is slightly higher than the average rate, but still lower than the state average.
Property taxes in Childress County vary across cities, with some cities having higher rates than others. For example, Childress has the highest effective property tax rate of 1.73%, while other cities in the county have lower rates. This means that property owners in Childress will pay more in taxes than those in other cities in the county. However, the average property tax rate in Childress County is still lower than the state average, making it an attractive option for property owners.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Childress 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 |
|---|---|---|---|---|---|
| Childress | $7,588 | $22,183 | $44,874 | $76,006 | $117,281 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Childress County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Childress | $133 | $347 | $773 | $1,423 | $2,175 |
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 |
|---|---|---|---|---|---|
| Childress | 1.75% | 1.56% | 1.72% | 1.87% | 1.85% |
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Real Estate Values in Childress County
The data from Redfin shows that there is no change in median home price in Childress County from October 2022 to October 2023. However, the home inventory in Childress County has increased from 6 in October 2022 to 11 in October 2023. This indicates that the housing market in Childress County is becoming more competitive, with more homes available for sale. This trend is reflective of the overall housing market in Texas, which has seen an increase in home prices and inventory in recent years.
Average Home Value in Childress County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Childress County
Last updated: November 2023
Percent Change in New Home Listings in Childress County
Last updated: November 2023
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Mortgage Rates in Childress County
Childress County has a total outstanding loan amount of $9.5 million across home mortgages. This represents a significant amount of money, and it is important to note that this is only the amount of outstanding loans, not the total amount of mortgages in the county. The number of outstanding loans in Childress County is 117, which is a relatively small number compared to other counties in the area.
The median mortgage rate in Childress County is 3.1%, which is lower than the average rate across the state. This is likely due to the fact that Childress County is a rural area with a lower cost of living than many other areas. The variation in rates across counties is also important to consider, as this can have a significant impact on the total amount of money that is owed on a mortgage. In Childress County, the percentage to total home value is relatively low, which is beneficial for those looking to purchase a home in the area.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Childress County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Childress | $18,086 | $40,906 | $71,082 | $120,481 | $156,557 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Childress County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Childress | 2.70% | 2.80% | 3.10% | 3.70% | 4.17% |
Housing Expenses in Childress County, Texas
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