Average Tax Assessment in Erath County
Real Estate Values and Property Tax Valuation in Erath County, Texas
Erath County has a total of 13,174 properties with a cumulative value of $2.5B. This represents 0.12% of all real estate value in Texas. Property taxes in Erath County total $30.8M, with an average homeowner paying $2,335 in property taxes compared to the state average of $4,015. The average property tax rate in Erath County is 1.21%, 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 | |
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Erath Tax Assessor/Collector | (254) 965-8630 |
TexasFile Clerk Records | - |
Important Dates | |
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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 | |
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Early Payment Discount | |
Senior | Available |
Disabled | Available |
Homestead | Available |
Veteran | Available |
Solar/Wind | Available |
Charitable | Available |
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Real Estate Statistics in Erath County
Residential Property Taxes by Cities in Erath County
Erath County has an average property tax rate of 1.21%, which is slightly lower than the state average of 1.33%. This rate is applied to the assessed value of a property to calculate the amount of taxes owed. The average property tax bill in Erath County is $2,335. Property tax rates can vary significantly across the cities in Erath County. Stephenville has the highest effective property tax rate at 1.37%, while Hico has the lowest effective property tax rate at 0.44%. This means that property owners in Stephenville will pay more in taxes than those in Hico. Overall, Erath County has a relatively low property tax rate compared to other counties in Texas, making it an attractive place to live for those looking to save on their property taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Erath 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 |
---|---|---|---|---|---|
Bluff Dale | $47,420 | $106,702 | $257,225 | $379,798 | $522,705 |
Dublin | $17,582 | $42,880 | $90,410 | $185,360 | $362,036 |
Hico | $34,556 | $92,458 | $218,815 | $401,320 | $628,160 |
Stephenville | $26,592 | $77,520 | $150,490 | $235,910 | $376,682 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Erath County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Bluff Dale | $459 | $1,087 | $2,758 | $4,470 | $6,027 |
Dublin | $234 | $629 | $1,267 | $2,472 | $3,816 |
Hico | $144 | $276 | $675 | $1,445 | $3,186 |
Stephenville | $328 | $1,080 | $2,282 | $3,579 | $4,992 |
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 |
---|---|---|---|---|---|
Bluff Dale | 0.97% | 1.02% | 1.07% | 1.18% | 1.15% |
Dublin | 1.33% | 1.47% | 1.40% | 1.33% | 1.05% |
Hico | 0.42% | 0.30% | 0.31% | 0.36% | 0.51% |
Stephenville | 1.23% | 1.39% | 1.52% | 1.52% | 1.33% |
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Real Estate Values in Erath County
The data from Redfin shows that the median home price in Erath County, Texas decreased by 4.37% from October 2022 to October 2023. This decrease in home prices is likely due to an increase in home inventory, as the number of homes available for sale in Erath County increased by 60% from October 2022 to October 2023. This suggests that there is an abundance of homes on the market, which is likely driving down prices. Overall, this data indicates that home prices in Erath County, Texas are trending downward.
Average Home Value in Erath County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Erath County
Last updated: November 2023
Percent Change in New Home Listings in Erath County
Last updated: November 2023
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Mortgage Rates in Erath County
Erath County has a total of $547.7M in outstanding home mortgage loans, representing 3.8K loans. This amount is equivalent to approximately 16.5% of the total home value in the county. The median mortgage rate in Erath County varies across cities, ranging from 3.94% in Bluff Dale to 4.48% in Hico. This variation in rates can be attributed to differences in local economic conditions and the availability of lenders in each city.
Overall, Erath County has a relatively high percentage of outstanding home mortgage loans compared to other counties in the state. This indicates that the county is a popular destination for homeowners looking to purchase a home. Additionally, the variation in mortgage rates across cities provides potential homeowners with the opportunity to find the best deal for their needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Erath County by city.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Bluff Dale | $23,534 | $92,687 | $167,949 | $284,743 | $377,977 |
Dublin | $20,879 | $44,070 | $84,783 | $145,798 | $222,642 |
Hico | $44,929 | $62,793 | $110,503 | $197,093 | $283,221 |
Stephenville | $38,336 | $68,284 | $116,412 | $181,934 | $270,268 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Erath County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Bluff Dale | 2.80% | 3.32% | 3.94% | 4.53% | 5.60% |
Dublin | 2.90% | 3.45% | 4.15% | 4.98% | 6.16% |
Hico | 3.54% | 3.85% | 4.48% | 5.81% | 6.30% |
Stephenville | 2.90% | 3.49% | 4.03% | 4.90% | 6.14% |
Housing Expenses in Erath County, Texas
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