Average Tax Assessment in Crosby County

Crosby County has a total of 2,354 properties with a cumulative value of $122.8M. This represents 0.006% of all real estate value in Texas. Property taxes in Crosby County totaled $2.5M, with an average homeowner paying $1,084 in property taxes compared to the state average of $4,015. The average property tax rate in Crosby County is 2.05%, 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.

Crosby County has an average property tax rate of 2.05%, which is slightly lower than the state average of 2.13%. This rate is applied 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, Ralls has the highest effective property tax rate at 2.12%, while Spur has the lowest effective property tax rate at 1.85%. This means that property owners in Ralls will pay more in property taxes than those in Spur.

Overall, Crosby 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 the median home price in Crosby County, Texas has decreased significantly from October 2022 to October 2023. The median home price dropped by 77.49%, from an unknown amount to $45.0K. Additionally, the home inventory in Crosby County has increased from 11 in October 2022 to 15 in October 2023. This indicates that the housing market in Crosby County is becoming more competitive, as there is an increase in the number of homes available for purchase.

Crosby County has a total of $26.2 million in outstanding home mortgage loans, representing 390 individual loans. This amount is equivalent to approximately 5.2% of the total home value in the county. The median mortgage rate in Crosby County varies significantly across cities, with Spur having the highest rate of 4.25%, and Crosbyton having the lowest rate of 4.09%. This variation in rates can make a significant difference in the total cost of a loan, and it is important for potential borrowers to shop around and compare rates before making a decision.

Overall, the mortgage market in Crosby County is healthy and competitive, with a wide range of options available to borrowers. With careful research and comparison, borrowers can find the best rate and loan terms to suit their individual needs.