Average Tax Assessment in Coleman County
Real Estate Values and Property Tax Valuation in Coleman County, Texas
Coleman County has a total of 4,655 properties, with a cumulative value of $414.2M. This accounts for 0.02% of all real estate value in Texas. Property taxes in Coleman County totaled $1.7M, with an average homeowner paying $819 in property taxes compared to the state average of $4,015. The average property tax rate in Coleman County is 0.40%, while the state average is 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 | |
|---|---|
| Coleman Clerk | (325) 625-2889 |
| 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 Coleman County
Residential Property Taxes by Cities in Coleman County
Coleman County has an average property tax rate of 0.40%, which is slightly lower than the state average of 0.42%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Coleman County are used to fund local services such as schools, police and fire departments, and infrastructure.
Property tax rates in Coleman County vary across cities. Coleman has the highest effective property tax rate at 0.47%, while Santa Anna has the lowest at 0.41%. This difference in rates can result in a significant difference in the amount of taxes due for a property. For example, a property with an assessed value of $200,000 would have a tax bill of $940 in Coleman, but only $820 in Santa Anna.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Coleman 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 |
|---|---|---|---|---|---|
| Coleman | $4,839 | $14,225 | $35,870 | $72,252 | $155,337 |
| Santa Anna | $4,534 | $18,305 | $39,690 | $89,150 | $244,752 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Coleman County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coleman | $74 | $190 | $465 | $899 | $1,756 |
| Santa Anna | $99 | $291 | $590 | $1,172 | $1,935 |
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 |
|---|---|---|---|---|---|
| Coleman | 1.53% | 1.34% | 1.30% | 1.24% | 1.13% |
| Santa Anna | 2.18% | 1.59% | 1.49% | 1.31% | 0.79% |
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Real Estate Values in Coleman County
The data from Redfin shows that the median home price in Coleman County has not changed from October 2022 to October 2023. However, the home inventory in Coleman County has decreased from 51 in October 2022 to 46 in October 2023. This suggests that the demand for homes in Coleman County is increasing, which could lead to an increase in home prices in the future. Overall, the home price trends in Texas appear to be stable.
Average Home Value in Coleman County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Coleman County
Last updated: November 2023
Percent Change in New Home Listings in Coleman County
Last updated: November 2023
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Mortgage Rates in Coleman County
Coleman County has a total of $49.6M in outstanding home mortgage loans, representing 507 outstanding loans. This amount represents a significant portion of the total home value in the county, indicating that homeowners in Coleman County are taking advantage of the low mortgage rates available in the area.
The median mortgage rate in Coleman County varies across cities, with the highest median rate in Santa Anna at 3.98% and the lowest median rate in Coleman at 3.9%. This variation in rates across cities provides homeowners with the opportunity to find the best rate for their individual situation. Furthermore, the low mortgage rates in Coleman County make it an attractive option for potential homeowners looking to purchase a home.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Coleman County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coleman | $11,079 | $27,774 | $56,037 | $92,646 | $162,280 |
| Santa Anna | $12,044 | $28,523 | $43,871 | $103,867 | $191,648 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Coleman County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coleman | 2.89% | 3.30% | 3.90% | 4.50% | 5.10% |
| Santa Anna | 2.99% | 3.39% | 3.98% | 4.32% | 4.77% |
Housing Expenses in Coleman County, Texas
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