Average Tax Assessment in Collingsworth County
Real Estate Values and Property Tax Valuation in Collingsworth County, Texas
Collingsworth County has a total of 1,388 properties with a cumulative value of $76.5M. This accounts for 0.004% of all real estate value in Texas. Property taxes in Collingsworth County totaled $1.6M, with an average homeowner paying $1,175 in property taxes compared to the state average of $4,015. The average property tax rate in Collingsworth County is 2.10%, higher 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 | |
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Collingsworth Clerk | (806) 447-2408 |
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 Collingsworth County
Residential Property Taxes by Cities in Collingsworth County
Collingsworth County has an average property tax rate of 2.10%, which is slightly lower than the state average of 2.17%. This rate applies to all properties in the county, regardless of their location. However, the effective property tax rate can vary significantly across the cities in the county. For example, Wellington has the highest effective property tax rate of 2.15%, while other cities such as Dodson and Quail have lower rates of 1.90% and 1.95%, respectively. This means that property owners in Wellington will pay more in taxes than those in other cities in the county.
Overall, Collingsworth County has a relatively low property tax rate compared to other counties in the state. This makes it an attractive option for those looking to purchase property in the area. However, it is important to note that the effective property tax rate can vary significantly across the cities in the county, so it is important to research the rates in each city before making a purchase.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Collingsworth 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 |
---|---|---|---|---|---|
Wellington | $6,622 | $16,755 | $38,240 | $78,552 | $126,352 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Collingsworth County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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Wellington | $143 | $355 | $784 | $1,724 | $2,812 |
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 |
---|---|---|---|---|---|
Wellington | 2.16% | 2.12% | 2.05% | 2.19% | 2.23% |
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Real Estate Values in Collingsworth County
The data from Redfin shows that there is no change in median home price in Collingsworth County from October 2022 to October 2023. However, the home inventory in Collingsworth County has increased from 4 in October 2022 to 8 in October 2023. This suggests that the housing market in Collingsworth County is becoming more competitive, as more homes are available for sale. This trend is consistent with the overall trend in Texas, where the housing market is becoming increasingly competitive as more homes become available for sale.
Average Home Value in Collingsworth County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Collingsworth County
Last updated: November 2023
Percent Change in New Home Listings in Collingsworth County
Last updated: November 2023
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Mortgage Rates in Collingsworth County
Collingsworth County has a total of $3.0M in outstanding home mortgage loans. This represents 37 loans, which is a relatively small number compared to other counties in the area. The median mortgage rate in Collingsworth County is 3.6%, which is slightly lower than the national average. This rate is consistent across all cities in the county, with Wellington having the highest median mortgage rate.
The total outstanding loan amount in Collingsworth County is relatively low compared to the total home value in the county. This indicates that the majority of homeowners in the county are able to pay off their mortgages in full. Furthermore, the consistent median mortgage rate across the county suggests that there is not much variation in rates between cities. This makes it easier for homeowners to compare mortgage rates and find the best deal for their needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Collingsworth County by city.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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Wellington | $19,516 | $35,777 | $71,451 | $96,978 | $141,529 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Collingsworth County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Wellington | 2.80% | 3.05% | 3.60% | 3.81% | 4.45% |
Housing Expenses in Collingsworth County, Texas
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