Average Tax Assessment in Garza County
Real Estate Values and Property Tax Valuation in Garza County, Texas
Garza County has a total of 2,194 properties with a cumulative value of $147.6M, representing 0.007% of all real estate value in Texas. Property taxes in Garza County amount to $1.1M, with an average homeowner paying $534 in property taxes compared to the state average of $4,015. The average property tax rate in Garza County is 0.78%, while the state average is 1.69%. Property taxes are 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 | |
|---|---|
| Garza Clerk | (806) 495-4430 |
| 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 Garza County
Residential Property Taxes by Cities in Garza County
Garza County has an average property tax rate of 0.78%, which is slightly lower than the state average of 0.81%. This rate is applied to all properties in the county, regardless of location. However, there is some variation in the effective property tax rate across the cities in Garza County. The city of Justiceburg has the highest effective property tax rate at 0.87%, while the city of Post has the lowest effective property tax rate at 0.75%. This means that homeowners in Justiceburg will pay a higher property tax bill than those in Post. Overall, Garza County has a relatively low property tax rate compared to other counties in the state, making it an attractive option for homeowners looking for a lower tax burden.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Garza 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 |
|---|---|---|---|---|---|
| Justiceburg | $4,475 | $7,518 | $24,920 | $73,961 | $343,580 |
| Post | $10,178 | $19,204 | $37,451 | $77,692 | $138,430 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Garza County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Justiceburg | $41 | $70 | $226 | $628 | $2,876 |
| Post | $73 | $150 | $308 | $627 | $1,095 |
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 |
|---|---|---|---|---|---|
| Justiceburg | 0.92% | 0.93% | 0.91% | 0.85% | 0.84% |
| Post | 0.72% | 0.78% | 0.82% | 0.81% | 0.79% |
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Real Estate Values in Garza County
The data from Redfin shows that the median home price in Garza County has not changed from October 2022 to October 2023. However, the home inventory in Garza County has increased from 11 in October 2022 to 19 in October 2023. This indicates that the housing market in Garza County is becoming more competitive, as more homes are available for purchase. This trend is consistent with the overall trend in Texas, where the housing market is becoming increasingly competitive due to an influx of buyers.
Average Home Value in Garza County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Garza County
Last updated: November 2023
Percent Change in New Home Listings in Garza County
Last updated: November 2023
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Mortgage Rates in Garza County
Garza County has a total of $18.1M in outstanding home mortgage loans, representing 168 individual loans. This amount is equivalent to approximately 0.3% of the total home value in the county. The median mortgage rate in Garza County varies across cities, with Post having the highest rate at 3.9% and Justiceburg having the lowest rate at 3.76%. This variation in rates across cities provides homeowners with the opportunity to shop around and find the best rate for their needs.
Overall, the mortgage market in Garza County is healthy and provides homeowners with a variety of options when it comes to financing their homes. With a total of $18.1M in outstanding loans, the county is well-positioned to meet the needs of its residents.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Garza County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Justiceburg | $56,882 | $130,143 | $265,478 | $395,708 | $467,365 |
| Post | $22,551 | $43,580 | $73,405 | $113,098 | $154,162 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Garza County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Justiceburg | 2.80% | 2.98% | 3.76% | 4.22% | 4.50% |
| Post | 2.90% | 3.46% | 3.90% | 4.40% | 5.27% |
Housing Expenses in Garza County, Texas
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