Average Tax Assessment in Cochran County
Real Estate Values and Property Tax Valuation in Cochran County, Texas
Cochran County has 1,386 properties with a cumulative value of $38.9M, representing 0.002% of all real estate value in Texas. Property taxes in Cochran County totaled $882.0K, with the average homeowner paying $657 in property taxes compared to the state average of $4,015. The average property tax rate in Cochran County is 2.27%, higher than the state average of 1.69%. Property taxes are 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 | |
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Cochran Appraisal District | (806) 266-5584 |
TexasFile Clerk Records | - |
Important Dates | |
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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 | |
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Early Payment Discount | |
Senior | Available |
Disabled | Available |
Homestead | Available |
Veteran | Available |
Solar/Wind | Available |
Charitable | Available |
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Real Estate Statistics in Cochran County
Residential Property Taxes by Cities in Cochran County
Cochran County has an average property tax rate of 2.27%, which is slightly lower than the state average of 2.3%. This rate is applied to all property owners in the county, regardless of the city they live in. However, the effective property tax rate can vary significantly across the cities in Cochran County. For example, Whiteface has the highest effective property tax rate at 2.79%, while Morton has the lowest effective property tax rate at 2.17%. This means that property owners in Whiteface will pay more in property taxes than those in Morton. Overall, Cochran County has relatively low property tax rates compared to other counties in the state, making it an attractive place to live for those looking to save on their property taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Cochran 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.
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Cochran County.
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.
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Real Estate Values in Cochran County
The data from Redfin shows that there is no change in median home price in Cochran County from October 2022 to October 2023. However, the home inventory in Cochran County has increased from 2 in October 2022 to 3 in October 2023. This indicates that the housing market in Texas is stable, with a slight increase in the number of homes available for purchase.
Average Home Value in Cochran County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Cochran County
Last updated: November 2023
Percent Change in New Home Listings in Cochran County
Last updated: November 2023
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Mortgage Rates in Cochran County
Mortgages in Cochran County are a major source of financing for homeowners. Currently, there is a total of $3.1 million in outstanding loans across the county. This represents 63 loans, or approximately 0.2% of the total home value in Cochran County. The median mortgage rate in Cochran County varies across cities, with Morton having the highest rate at 3.9%, and Whiteface having the lowest rate at 3.6%. This variation in rates allows homeowners to find the best deal for their particular situation.
Overall, mortgages in Cochran County are a great way for homeowners to finance their homes. With a total of $3.1 million in outstanding loans and a variety of rates to choose from, Cochran County homeowners have access to a range of financing options. With the right research and planning, homeowners can find the best deal for their individual needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Cochran County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Cochran County.
Housing Expenses in Cochran County, Texas
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