Average Tax Assessment in Deaf Smith County
Real Estate Values and Property Tax Valuation in Deaf Smith County, Texas
Deaf Smith County has a total of 5,631 properties with a cumulative value of $626.4M. This represents 0.03% of all real estate value in Texas. The average property tax rate in Deaf Smith County is 1.54%, which is lower than the state average of 1.69%. A total of $9.7M was collected in property taxes in Deaf Smith County across these 5,631 properties, with the average homeowner paying $1,938 in property taxes compared to the state average of $4,015. 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 | |
|---|---|
| Deaf Smith Clerk | (806) 363-7077 |
| 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 Deaf Smith County
Residential Property Taxes by Cities in Deaf Smith County
Deaf Smith County has an average property tax rate of 1.54%, which is slightly lower than the state average of 1.83%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average property tax bill in Deaf Smith County is $1,938.
Property tax rates in Deaf Smith County vary across cities. Hereford has the highest effective property tax rate at 1.59%, while other cities such as Olton and Farwell have lower rates of 1.50% and 1.45%, respectively. Property owners in Hereford will pay more in taxes than those in other cities in the county.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Deaf Smith 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 |
|---|---|---|---|---|---|
| Hereford | $22,246 | $46,982 | $88,445 | $137,685 | $195,973 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Deaf Smith County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Hereford | $306 | $758 | $1,588 | $2,667 | $3,829 |
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 |
|---|---|---|---|---|---|
| Hereford | 1.38% | 1.61% | 1.80% | 1.94% | 1.95% |
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Real Estate Values in Deaf Smith County
The data from Redfin shows that the median home price in Deaf Smith County has not changed from October 2022 to October 2023. However, the home inventory in Deaf Smith County has increased from 10 in October 2022 to 18 in October 2023, indicating an increase in demand for housing in the area. This suggests that the overall housing market in Texas is experiencing an increase in demand, which could lead to an increase in home prices in the future.
Average Home Value in Deaf Smith County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Deaf Smith County
Last updated: November 2023
Percent Change in New Home Listings in Deaf Smith County
Last updated: November 2023
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Mortgage Rates in Deaf Smith County
There are currently no outstanding loans in Deaf Smith County, making it one of the few counties in the United States without any mortgage debt. This is likely due to the fact that the median home value in the county is relatively low, making it difficult for potential buyers to qualify for a loan. Furthermore, the median mortgage rate in Deaf Smith County is not significantly different from the median rate across the country, indicating that there is not much variation in rates across counties. This suggests that the lack of mortgage debt in the county is not due to higher interest rates, but rather to the low median home value.
Overall, the total outstanding loan amount across home mortgages in Deaf Smith County is zero. This is likely due to the low median home value in the county, which makes it difficult for potential buyers to qualify for a loan. Furthermore, the median mortgage rate in Deaf Smith County is not significantly different from the median rate across the country, indicating that there is not much variation in rates across counties. This suggests that the lack of mortgage debt in the county is not due to higher interest rates, but rather to the low median home value.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Deaf Smith 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 Deaf Smith County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Deaf Smith County, Texas
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