Average Tax Assessment in Clay County
Real Estate Values and Property Tax Valuation in Clay County, Texas
Clay County has a total of 5,640 properties, with a cumulative value of $522.4M. This accounts for 0.02% of all real estate value in Texas. Property taxes in Clay County totaled $7.0M, with an average of $1,470 per homeowner, which is significantly lower than the state average of $4,015. The average property tax rate in Clay County is 1.34%, while the state average is 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 | |
|---|---|
| Clay Clerk | (940) 538-4631 |
| TexasFile Clerk Records | - |
| Clay Treasurer | (218) 299-5011 |
| Clay Assessor | (304) 587-4258 |
| 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 Clay County
Residential Property Taxes by Cities in Clay County
Clay County has an average property tax rate of 1.34%, which is slightly lower than the national average of 1.38%. This rate is applied to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly from city to city. For example, the city of Henrietta has an effective property tax rate of 1.54%, which is higher than the county average, while the city of Bellevue has an effective property tax rate of 1.05%, which is lower than the county average. This means that property owners in Henrietta will pay more in property taxes than those in Bellevue. In total, Clay County is expected to collect $7.0M 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 Clay 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 |
|---|---|---|---|---|---|
| Bellevue | $4,636 | $22,600 | $70,620 | $140,605 | $218,724 |
| Byers | $6,098 | $25,600 | $56,340 | $106,495 | $160,330 |
| Henrietta | $6,750 | $13,910 | $61,340 | $119,110 | $181,202 |
| Petrolia | $2,000 | $6,835 | $32,985 | $74,935 | $113,525 |
| Wichita Falls | $7,880 | $23,775 | $87,720 | $184,475 | $259,656 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Clay County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellevue | $60 | $289 | $936 | $1,910 | $2,998 |
| Byers | $133 | $405 | $976 | $1,920 | $2,703 |
| Henrietta | $93 | $240 | $1,016 | $2,232 | $3,387 |
| Petrolia | $44 | $133 | $534 | $1,266 | $2,055 |
| Wichita Falls | $97 | $346 | $1,279 | $2,770 | $4,266 |
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 |
|---|---|---|---|---|---|
| Bellevue | 1.29% | 1.28% | 1.33% | 1.36% | 1.37% |
| Byers | 2.18% | 1.58% | 1.73% | 1.80% | 1.69% |
| Henrietta | 1.38% | 1.73% | 1.66% | 1.87% | 1.87% |
| Petrolia | 2.20% | 1.95% | 1.62% | 1.69% | 1.81% |
| Wichita Falls | 1.23% | 1.46% | 1.46% | 1.50% | 1.64% |
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Real Estate Values in Clay County
The data from Redfin shows that the median home price in Clay County, Texas has increased significantly from October 2022 to October 2023, with a 40.91% increase. This is likely due to the decrease in home inventory in the area, as the number of homes available for sale dropped from 15 in October 2022 to 46 in October 2023. This indicates that demand for homes in Clay County is high, and that prices are likely to continue to rise in the future.
Average Home Value in Clay County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Clay County
Last updated: November 2023
Percent Change in New Home Listings in Clay County
Last updated: November 2023
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Mortgage Rates in Clay County
Clay County has a total of $61.7 million in outstanding home mortgage loans. This represents 617 individual loans, which is a significant amount of money for the county. The median mortgage rate in Clay County varies across cities, with Bellevue having the highest rate of 3.96% and Henrietta having the lowest rate of 3.87%. This variation in rates is important to consider when looking for a mortgage in Clay County, as it can have a significant impact on the total cost of the loan. In addition, the total outstanding loan amount in Clay County represents a significant percentage of the total home value in the county, which is an important factor to consider when looking for a mortgage.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Clay County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellevue | $16,821 | $36,680 | $74,755 | $164,627 | $250,356 |
| Byers | $21,012 | $26,725 | $62,215 | $97,547 | $145,495 |
| Henrietta | $23,682 | $46,028 | $73,878 | $115,314 | $169,311 |
| Petrolia | $32,672 | $40,145 | $59,465 | $83,635 | $141,651 |
| Wichita Falls | $27,976 | $54,609 | $108,361 | $162,646 | $229,172 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Clay County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellevue | 3.05% | 3.47% | 3.96% | 4.36% | 4.57% |
| Byers | 3.07% | 3.67% | 3.92% | 4.00% | 4.44% |
| Henrietta | 3.00% | 3.43% | 3.87% | 4.16% | 4.49% |
| Petrolia | 2.74% | 3.54% | 3.89% | 4.18% | 4.39% |
| Wichita Falls | 3.20% | 3.46% | 3.87% | 4.15% | 4.47% |
Housing Expenses in Clay County, Texas
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