Average Tax Assessment in Culberson County
Real Estate Values and Property Tax Valuation in Culberson County, Texas
Culberson County has a total of 1,048 properties with a cumulative value of $42.8M. This represents 0.002% of all real estate value in Texas. Property taxes in Culberson County totaled $609.8K, with the average homeowner paying $589 in property taxes compared to the state average of $4,015. The average property tax rate in Culberson County is 1.42%, lower 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 | |
|---|---|
| Culberson Clerk | (432) 283-2058 |
| 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 Culberson County
Residential Property Taxes by Cities in Culberson County
Culberson County has an average property tax rate of 1.42%, which is slightly lower than the state average of 1.45%. 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 the county. For example, the city of Van Horn has the highest effective property tax rate of 1.43%, while the city of Van Horn also has the lowest effective property tax rate of 1.43%. This means that property owners in Van Horn pay slightly more in property taxes than those in other cities in the county.
Overall, Culberson 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 Culberson 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 |
|---|---|---|---|---|---|
| Van Horn | $8,913 | $14,562 | $30,045 | $69,028 | $96,334 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Culberson County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Van Horn | $86 | $189 | $368 | $925 | $1,777 |
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 |
|---|---|---|---|---|---|
| Van Horn | 0.96% | 1.30% | 1.22% | 1.34% | 1.84% |
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Real Estate Values in Culberson County
The data from Redfin indicates that there is no change in median home price in Culberson County from October 2022 to October 2023. However, the home inventory in Culberson County has increased from 4 in October 2022 to 8 in October 2023. This suggests that the housing market in Texas is stable, with an increase in available homes for sale.
Average Home Value in Culberson County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Culberson County
Last updated: November 2023
Percent Change in New Home Listings in Culberson County
Last updated: November 2023
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Mortgage Rates in Culberson County
Mortgages in Culberson County are a major part of the local economy, with a total outstanding loan amount of $5.3M. This represents a significant portion of the total home value in the county, and shows that homeowners are taking advantage of the low interest rates available. The median mortgage rate in Culberson County is 3.87%, which is lower than the national average. This rate is consistent across all cities in the county, with Van Horn having the highest and lowest median mortgage rate.
The variation in mortgage rates across counties is an important factor to consider when looking for a home loan. In Culberson County, the rate is relatively low compared to other counties, making it an attractive option for potential homeowners. Additionally, the total outstanding loan amount of $5.3M shows that the county is a popular choice for those looking to purchase a home. With the low interest rates and high loan amounts, Culberson County is an ideal place to purchase a home.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Culberson County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Van Horn | $22,354 | $51,014 | $74,762 | $87,668 | $138,413 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Culberson County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Van Horn | 2.38% | 3.25% | 3.87% | 4.27% | 5.33% |
Housing Expenses in Culberson County, Texas
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