Average Tax Assessment in Freestone County
Real Estate Values and Property Tax Valuation in Freestone County, Texas
Freestone County has a total of 8,699 properties with a cumulative value of $1.1B. This represents 0.05% of all real estate value in Texas. Property taxes in Freestone County amount to $13.0M, with an average homeowner paying $1,595 in property taxes compared to the state average of $4,015. The average property tax rate in Freestone County is 1.23%, which is lower than the state average of 1.69%. Properties are valued for tax purposes based on their 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 | |
|---|---|
| Freestone Clerk | (903) 389-2635 |
| 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 Freestone County
Residential Property Taxes by Cities in Freestone County
Freestone County has an average property tax rate of 1.23%, 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 due. The average Freestone County property tax bill is estimated to be $1,595. Property tax rates vary across the cities in Freestone County, with Streetman having the highest effective property tax rate of 1.37%, while Oakwood has the lowest effective property tax rate of 0.8%. This means that property owners in Streetman will pay more in taxes than those in Oakwood. Overall, Freestone County has relatively low property tax rates compared to other counties in the state, making it an attractive option for homeowners.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Freestone 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 |
|---|---|---|---|---|---|
| Buffalo | $11,681 | $36,527 | $88,639 | $205,674 | $312,247 |
| Fairfield | $9,265 | $35,714 | $86,631 | $152,617 | $252,595 |
| Oakwood | $6,795 | $26,171 | $67,584 | $129,951 | $247,257 |
| Streetman | $12,422 | $37,485 | $94,192 | $255,140 | $472,703 |
| Teague | $6,430 | $26,535 | $68,588 | $129,796 | $234,391 |
| Wortham | $6,633 | $27,366 | $63,306 | $111,881 | $223,587 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Freestone 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 Freestone County
The data from Redfin shows that the median home price in Freestone County, Texas decreased by 21.05% from October 2022 to October 2023. This indicates that the housing market in Freestone County is cooling off, as the median home price dropped significantly in the one-year period. Additionally, the home inventory in Freestone County increased from 64 in October 2022 to 81 in October 2023, suggesting that there is more housing supply in the area. This could be a contributing factor to the decrease in median home prices.
Average Home Value in Freestone County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Freestone County
Last updated: November 2023
Percent Change in New Home Listings in Freestone County
Last updated: November 2023
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Mortgage Rates in Freestone County
Mortgages in Freestone County are a major part of the local economy, with a total outstanding loan amount of $175.0M across 1.5K loans. This represents a significant portion of the total home value in the county, and is indicative of the importance of home ownership in the area.
The median mortgage rate in Freestone County varies across cities, with Oakwood having the highest rate at 4.42%, and Streetman having the lowest rate at 4.1%. This variation in rates is indicative of the competitive nature of the mortgage market in the county, and provides potential homeowners with a variety of options when it comes to financing their home.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Freestone County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buffalo | $24,586 | $35,878 | $85,994 | $168,744 | $205,658 |
| Fairfield | $21,041 | $44,905 | $86,542 | $136,789 | $212,276 |
| Oakwood | $12,119 | $19,935 | $55,587 | $140,443 | $205,153 |
| Streetman | $23,969 | $56,445 | $125,895 | $252,357 | $355,947 |
| Teague | $18,629 | $41,071 | $70,295 | $125,116 | $194,077 |
| Wortham | $22,781 | $40,496 | $71,848 | $110,863 | $165,811 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Freestone County.
Housing Expenses in Freestone County, Texas
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