Average Tax Assessment in Dawson County

Dawson County has a total of 4,605 properties with a cumulative value of $254.1M. This represents 0.01% of all real estate value in Texas. Property taxes in Dawson County totaled $7.1M, with an average of $1,552 paid by homeowners, which is significantly lower than the state average of $4,015. The average property tax rate in Dawson County is 2.79%, 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.

Dawson County has an average property tax rate of 2.79%, which is slightly lower than the state average of 2.86%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Dawson County are used to fund local services such as schools, police and fire departments, and infrastructure.

The effective property tax rate in Dawson County varies across cities. Lamesa has the highest effective property tax rate at 2.85%, while other cities such as Lubbock and Midland have lower rates. Property owners in Lamesa can expect to pay an average of $1,552 in property taxes each year. Property owners in other cities may pay less or more depending on the assessed value of their property.

The median home price in Dawson County, Texas has not changed from October 2022 to October 2023, remaining at $220.0K. However, the home inventory in the county has increased from 19 in October 2022 to 27 in October 2023, indicating an increase in demand for housing in the area. This could indicate that the home prices in the area may increase in the future.

Dawson County has a total of 422 outstanding home mortgage loans totaling $39.1 million. This represents a significant amount of money in the county, representing a large portion of the total home value. The median mortgage rate in the county is 3.94%, which is relatively low compared to other counties in the area. This low rate makes it an attractive option for those looking to purchase a home in the area.

The variation in mortgage rates across counties is also significant. For example, the median mortgage rate in Lamesa is 3.94%, while in other counties it can be as high as 5.00%. This variation in rates can make a big difference in the amount of money that a potential homebuyer will need to pay for their mortgage. It is important to research the different rates in the area before making a decision on which county to purchase a home in.