Average Tax Assessment in Falls County
Real Estate Values and Property Tax Valuation in Falls County, Texas
Falls County has a total of 6,759 properties, with a cumulative value of $568.7M. This accounts for 0.03% of all real estate value in Texas. Property taxes in Falls County totaled $9.9M, with an average homeowner paying $1,462 in property taxes, which is significantly lower than the state average of $4,015. The average property tax rate in Falls County is 1.74%, slightly higher 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 | |
|---|---|
| Falls Appraisal District | (254) 883-2543 |
| 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 Falls County
Residential Property Taxes by Cities in Falls County
Falls County has an average property tax rate of 1.74%, which is slightly lower than the state average of 1.81%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average Falls County property tax bill is $1,462, which is lower than the state average of $1,834.
Property tax rates vary across the cities in Falls County. Marlin has the highest effective property tax rate at 2.23%, while Chilton has the lowest effective property tax rate at 1.54%. This means that property owners in Marlin will pay more in taxes than property owners in Chilton. Property taxes are an important source of revenue for local governments, and understanding the differences in rates across the county can help property owners make informed decisions about where to buy or rent a home.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Falls 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.
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Falls County.
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.
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Real Estate Values in Falls County
The median home price in Falls County, Texas has not changed from October 2022 to October 2023, remaining at $430.0K. However, the home inventory in Falls County has decreased from 36 in October 2022 to 24 in October 2023, indicating a decrease in the availability of homes in the area. This could indicate that the demand for homes in Falls County is increasing, which could lead to an increase in home prices in the future.
Average Home Value in Falls County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Falls County
Last updated: November 2023
Percent Change in New Home Listings in Falls County
Last updated: November 2023
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Mortgage Rates in Falls County
Falls County has a total of 857 outstanding home mortgage loans, totaling $84.5M. This represents a significant amount of money, and is equivalent to approximately 8.5% of the total home value in the county. The median mortgage rate in Falls County varies significantly across cities, with Marlin having the highest rate of 4.4%, and Rosebud having the lowest rate of 4.4%. This variation in rates can be attributed to the different economic and demographic factors of each city, such as median income, population density, and housing prices.
Overall, Falls County has a healthy mortgage market, with a large amount of outstanding loans and a wide range of rates. This provides potential homeowners with a variety of options when it comes to financing their home purchase. With the right research and guidance, homebuyers in Falls County can find the best mortgage rate to suit their needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Falls County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Falls County.
Housing Expenses in Falls County, Texas
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