Average Tax Assessment in Gillespie County
Real Estate Values and Property Tax Valuation in Gillespie County, Texas
Gillespie County has a total of 12,069 properties with a cumulative value of $4.3B. This accounts for 0.20% of all real estate value in Texas. Property taxes in Gillespie County totaled $45.7M, with an average of $3,832 per homeowner, which is lower than the state average of $4,015. The average property tax rate in Gillespie County is 1.07%, which is lower than the state average of 1.69%. Property taxes are calculated based on the assessed value of the property.
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 | |
|---|---|
| Gillespie Appraisal District | (830) 997-9807 |
| 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 Gillespie County
Residential Property Taxes by Cities in Gillespie County
Gillespie County has an average property tax rate of 1.07%, which is slightly higher than the state average of 1.04%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average property tax bill in Gillespie County is $3,832.
Property tax rates vary across the cities in Gillespie County. Fredericksburg has the highest effective property tax rate at 1.1%, while Harper has the lowest effective property tax rate at 0.89%. This means that homeowners in Fredericksburg will pay more in property taxes than homeowners in Harper.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Gillespie 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 |
|---|---|---|---|---|---|
| Fredericksburg | $61,162 | $180,265 | $306,755 | $437,318 | $673,125 |
| Harper | $33,986 | $77,945 | $147,060 | $234,410 | $345,696 |
| Kerrville | $140,370 | $280,320 | $380,515 | $506,260 | $681,735 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Gillespie County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fredericksburg | $462 | $1,406 | $3,374 | $5,245 | $7,832 |
| Harper | $195 | $622 | $1,298 | $2,231 | $3,431 |
| Kerrville | $926 | $2,141 | $3,494 | $5,061 | $6,583 |
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 |
|---|---|---|---|---|---|
| Fredericksburg | 0.76% | 0.78% | 1.10% | 1.20% | 1.16% |
| Harper | 0.57% | 0.80% | 0.88% | 0.95% | 0.99% |
| Kerrville | 0.66% | 0.76% | 0.92% | 1.00% | 0.97% |
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Real Estate Values in Gillespie County
The data from Redfin shows that the median home price in Gillespie County, Texas has increased significantly from October 2022 to October 2023. The median home price rose from $430.0K to $995.0K, representing a 131.40% increase. Additionally, the home inventory in Gillespie County increased from 187 in October 2022 to 262 in October 2023. This indicates that the housing market in Gillespie County is strong and that demand for homes is high.
Average Home Value in Gillespie County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Gillespie County
Last updated: November 2023
Percent Change in New Home Listings in Gillespie County
Last updated: November 2023
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Mortgage Rates in Gillespie County
Gillespie County has an outstanding loan amount of $623.0M across home mortgages, with a total of 2.6K outstanding loans. This represents a significant portion of the total home value in the county, indicating that Gillespie County is a popular area for homeownership. The median mortgage rate in the county varies across cities, with Kerrville having the highest rate at 4.12%, and Fredericksburg having the lowest rate at 3.95%. This indicates that there is a significant variation in mortgage rates across the county, which could be beneficial for potential homeowners looking for the best deal. Overall, Gillespie County is a great place to purchase a home, with a wide range of mortgage rates to choose from.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Gillespie County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fredericksburg | $59,721 | $97,754 | $178,747 | $295,234 | $456,826 |
| Harper | $33,486 | $68,139 | $116,684 | $185,597 | $248,819 |
| Kerrville | $76,361 | $148,362 | $222,075 | $338,961 | $489,275 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Gillespie County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fredericksburg | 2.90% | 3.43% | 3.95% | 4.60% | 5.92% |
| Harper | 2.82% | 3.55% | 3.99% | 4.74% | 6.13% |
| Kerrville | 3.05% | 3.60% | 4.12% | 4.62% | 6.01% |
Housing Expenses in Gillespie County, Texas
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