Average Tax Assessment in Floyd County
Real Estate Values and Property Tax Valuation in Floyd County, Texas
Floyd County has a total of 2,440 properties with a cumulative value of $103.5M, representing 0.005% of all real estate value in Texas. The average property tax rate in Floyd County is 2.08%, higher than the state average of 1.69%. A total of $2.2M was collected in property taxes in Floyd County, with the average homeowner paying $900 in property taxes compared to the state average of $4,015. Property taxes are based on the assessed value of the property, which is usually 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 | |
|---|---|
| Floyd Clerk | (806) 983-4900 |
| TexasFile Clerk Records | - |
| Floyd Clerk of Circuit Court | (540) 745-9330 |
| Floyd Clerk of Court | (706) 291-5190 |
| 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 |
Don't Miss Your Property Tax Appeal Deadline
Real Estate Statistics in Floyd County
Residential Property Taxes by Cities in Floyd County
Floyd County has an average property tax rate of 2.08%, which is slightly lower than the state average of 2.14%. Property taxes in Floyd County are collected by the county government and are used to fund public services such as schools, roads, and public safety. The average property tax bill in Floyd County is estimated to be around $900.
Property tax rates in Floyd County vary across the cities, with Lockney having the highest effective property tax rate of 2.22%, and Floydada having the lowest effective property tax rate of 2.02%. This means that homeowners in Lockney will pay more in property taxes than homeowners in Floydada. However, the difference in rates is relatively small, and overall, Floyd County has a lower property tax rate than the state average.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Floyd 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 Floyd 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.
Reduce your property tax bill with Ownwell!
Real Estate Values in Floyd County
The data from Redfin shows that the median home price in Floyd County, Texas has increased significantly from October 2022 to October 2023, with the median home price increasing from - to $95.0K. This indicates that the housing market in Floyd County is becoming increasingly competitive, as the number of homes available for sale has also increased from 3 to 15. This suggests that the demand for housing in Floyd County is increasing, and that the market is becoming more favorable for buyers.
Average Home Value in Floyd County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Floyd County
Last updated: November 2023
Percent Change in New Home Listings in Floyd County
Last updated: November 2023
Reduce your property tax bill with Ownwell
Mortgage Rates in Floyd County
There is currently no outstanding loan amount across home mortgages in Floyd County. This is likely due to the fact that the county has a relatively low median home value, which makes it difficult for residents to qualify for a mortgage loan. Additionally, the median mortgage rate in Floyd County is relatively low compared to other counties in the area, making it difficult for residents to secure a loan.
The variation in mortgage rates across counties can be quite significant. For example, the median mortgage rate in the city with the highest median mortgage rate is much higher than the median mortgage rate in the city with the lowest median mortgage rate. This difference in rates can make a big difference in the total amount of money that a homeowner will need to pay back over the life of the loan. Additionally, the percentage of total home value that is covered by a loan can vary significantly depending on the county. In Floyd County, the percentage of total home value that is covered by a loan is likely to be lower than in other counties due to the lower median home value.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Floyd 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 Floyd County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Floyd County, Texas
Reduce your property tax bill with Ownwell
With Ownwell's property tax monitoring service ensures you'll never overpay on property taxes again.
How Ownwell works?
- Enter your property address and get an instant estimate of your potential tax savings based on local market data and our historical tax savings in your area.
- Sign up online and authorize Ownwell to fight your tax bill in less than 5 minutes.
- Sit back and let us get to work. Ownwell handles everything start to finish with no up-front costs. It’s all backed by our industry-leading Savings-or-Free Guarantee.
- When we save you money our fee is just 25% of your savings. If you don't save, you don't pay. We will continue to monitor your property taxes every year to ensure that you never overpay or have to worry about your property taxes again.