Average Tax Assessment in Collingsworth County

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.

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.

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.

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.