Average Tax Assessment in Cottle County
Real Estate Values and Property Tax Valuation in Cottle County, Texas
Cottle County has 803 properties with a cumulative value of $26.4M, representing 0.001% of all real estate value in Texas. Property taxes in Cottle County totaled $463.6K, with an average homeowner paying $584 in property taxes compared to the state average of $4,015. The average property tax rate in Cottle County is 1.76%, slightly higher than the state average of 1.69%. Property taxes are based on the assessed value of the property, which is determined by the local tax assessor.
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 | |
|---|---|
| Cottle Clerk | (806) 492-3823 |
| 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 Cottle County
Residential Property Taxes by Cities in Cottle County
Cottle County has an average property tax rate of 1.76%, which is slightly lower than the state average of 1.81%. This rate is applied to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly across the cities in Cottle County. For example, Paducah has the highest effective property tax rate of 1.81%, while other cities such as Ralls and Quitaque have lower effective property tax rates of 1.71% and 1.68%, respectively.
Overall, Cottle 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 Cottle 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 |
|---|---|---|---|---|---|
| Paducah | $2,868 | $11,005 | $25,920 | $43,315 | $68,794 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Cottle County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Paducah | $70 | $213 | $440 | $743 | $1,206 |
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 |
|---|---|---|---|---|---|
| Paducah | 2.44% | 1.94% | 1.70% | 1.72% | 1.75% |
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Real Estate Values in Cottle County
The data from Redfin shows that there is no change in median home price in Cottle County from October 2022 to October 2023. However, there is an increase in home inventory from 2 in October 2022 to 3 in October 2023. This suggests that the housing market in Cottle County is stable and that there is an increase in the availability of homes for sale. Overall, the home price trends in Texas remain steady.
Average Home Value in Cottle County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Cottle County
Last updated: November 2023
Percent Change in New Home Listings in Cottle County
Last updated: November 2023
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Mortgage Rates in Cottle County
According to the statistics, there are currently no outstanding loans in Cottle County. This means that the total outstanding loan amount across home mortgages in Cottle County is zero. Furthermore, the median mortgage rate in the county varies across cities, with the highest median mortgage rate being in one city and the lowest median mortgage rate being in another. This variation in rates across cities indicates that the percentage of total home value to total outstanding loans in Cottle County is likely to be low.
Overall, the mortgage market in Cottle County is relatively small, with no outstanding loans and a low percentage of total home value to total outstanding loans. This suggests that the county is not a major player in the mortgage market, and that potential homeowners may have difficulty finding competitive rates. However, the variation in rates across cities indicates that there may be some opportunities for homeowners to find competitive rates in certain areas of the county.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Cottle County by city.
We currently do not have this data but we are working to add this soon.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Cottle County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Cottle County, Texas
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