Average Tax Assessment in Gregg County
Real Estate Values and Property Tax Valuation in Gregg County, Texas
Gregg County has a total of 42,086 properties, with a cumulative value of $5.6B, representing 0.26% of all real estate value in Texas. Property taxes in Gregg County totaled $80.8M, with an average homeowner paying $1,932 in property taxes, which is lower than the state average of $4,015. The average property tax rate in Gregg County is 1.44%, 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 | |
|---|---|
| Gregg Clerk | (903) 236-8430 |
| 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 Gregg County
Residential Property Taxes by Cities in Gregg County
Gregg County has an average property tax rate of 1.44%, 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 Gregg County property tax bill is $1,932, which is lower than the state average of $2,521.
Property tax rates vary across the cities in Gregg County. White Oak has the highest effective property tax rate at 1.67%, while Gladewater has the lowest effective property tax rate at 1.02%. This means that property owners in White Oak will pay more in taxes than those in Gladewater. However, the difference in taxes paid is not significant, and overall, Gregg County has a relatively low property tax rate compared to other counties in the state.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Gregg 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 |
|---|---|---|---|---|---|
| Gladewater | $13,236 | $35,285 | $79,900 | $154,868 | $219,923 |
| Kilgore | $5,790 | $25,172 | $75,700 | $153,748 | $227,115 |
| Longview | $23,599 | $60,792 | $121,240 | $179,490 | $266,202 |
| White Oak | $12,689 | $70,750 | $138,905 | $182,315 | $252,583 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Gregg County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Gladewater | $76 | $321 | $745 | $1,522 | $2,522 |
| Kilgore | $66 | $267 | $1,056 | $2,300 | $3,633 |
| Longview | $200 | $675 | $1,365 | $2,710 | $4,414 |
| White Oak | $128 | $810 | $2,143 | $3,302 | $4,631 |
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 |
|---|---|---|---|---|---|
| Gladewater | 0.57% | 0.91% | 0.93% | 0.98% | 1.15% |
| Kilgore | 1.14% | 1.06% | 1.39% | 1.50% | 1.60% |
| Longview | 0.85% | 1.11% | 1.13% | 1.51% | 1.66% |
| White Oak | 1.01% | 1.14% | 1.54% | 1.81% | 1.83% |
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Real Estate Values in Gregg County
The median home price in Gregg County, Texas decreased by 16.77% from October 2022 to October 2023, from $249.9K to $208.0K. This decrease in home prices is likely due to the slight increase in home inventory in the county, from 364 homes in October 2022 to 368 homes in October 2023. This indicates that there is more competition among buyers in the area, which can lead to lower home prices.
Average Home Value in Gregg County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Gregg County
Last updated: November 2023
Percent Change in New Home Listings in Gregg County
Last updated: November 2023
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Mortgage Rates in Gregg County
Gregg County has an outstanding loan amount of $2.7 billion across home mortgages. This amount is spread across 14,100 outstanding loans, representing a significant portion of the total home value in the county. The median mortgage rate in Gregg County varies across cities, with Kilgore having the highest rate of 4.15% and White Oak having the lowest rate of 3.97%. This variation in rates across cities provides homeowners with the opportunity to shop around and find the best rate for their needs. Overall, Gregg County has a high amount of outstanding loans, representing a significant portion of the total home value in the county. Homeowners in the county have the opportunity to find the best rate for their needs by shopping around and comparing rates across cities.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Gregg County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Gladewater | $28,502 | $55,440 | $101,862 | $154,987 | $211,816 |
| Kilgore | $30,109 | $62,123 | $106,822 | $159,273 | $224,214 |
| Longview | $38,121 | $68,915 | $113,018 | $169,652 | $246,229 |
| White Oak | $46,416 | $88,440 | $130,255 | $176,854 | $225,132 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Gregg County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Gladewater | 2.85% | 3.40% | 4.00% | 4.91% | 5.99% |
| Kilgore | 2.91% | 3.55% | 4.15% | 4.91% | 6.11% |
| Longview | 2.90% | 3.50% | 4.07% | 4.84% | 6.11% |
| White Oak | 2.90% | 3.45% | 3.97% | 4.75% | 6.05% |
Housing Expenses in Gregg County, Texas
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