Average Tax Assessment in Hardeman County
Real Estate Values and Property Tax Valuation in Hardeman County, Texas
Hardeman County has 1,839 properties with a cumulative value of $70.1M, representing 0.003% of all real estate value in Texas. Property taxes in Hardeman County totaled $614.0K, with an average homeowner paying $339 in property taxes compared to the state average of $4,015. The average property tax rate in Hardeman County is 0.88%, while the state average is 1.69%. Property values for tax purposes are determined by the local appraisal district.
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 | |
|---|---|
| Hardeman Clerk | (940) 663-2901 |
| TexasFile Clerk Records | - |
| Hardeman Trustee (Tax Collector) | (731) 658-5541 |
| 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 Hardeman County
Residential Property Taxes by Cities in Hardeman County
Hardeman County has an average property tax rate of 0.88%, which is slightly lower than the state average of 0.90%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Hardeman County are collected by the county and distributed to the cities and other local entities.
The effective property tax rate in Hardeman County varies across the cities. The city of Chillicothe has the highest effective property tax rate at 1.01%, while the city of Quanah has the lowest effective property tax rate at 0.84%. Property taxes in Hardeman County are generally lower than the state average, making it an attractive place to live for those looking for lower taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Hardeman 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 |
|---|---|---|---|---|---|
| Chillicothe | $3,220 | $9,475 | $23,230 | $47,835 | $80,706 |
| Quanah | $3,843 | $9,968 | $28,840 | $53,830 | $88,604 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Hardeman County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chillicothe | $34 | $92 | $237 | $485 | $816 |
| Quanah | $35 | $86 | $249 | $454 | $762 |
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 |
|---|---|---|---|---|---|
| Chillicothe | 1.06% | 0.97% | 1.02% | 1.01% | 1.01% |
| Quanah | 0.91% | 0.86% | 0.86% | 0.84% | 0.86% |
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Real Estate Values in Hardeman County
The median home price in Hardeman County, Texas has remained unchanged from October 2020 to October 2023. The home inventory in Hardeman County has also remained low, with only 2 homes available in October 2023. This indicates that the housing market in Hardeman County is relatively stable, with no significant changes in home prices or inventory.
Average Home Value in Hardeman County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Hardeman County
Last updated: November 2023
Percent Change in New Home Listings in Hardeman County
Last updated: November 2023
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Mortgage Rates in Hardeman County
Hardeman County has a total of $3.0M in outstanding home mortgage loans. This represents 54 loans, which is a significant amount of money for the county. The median mortgage rate in Hardeman County varies significantly between cities, with Quanah having the highest rate at 3.45% and Chillicothe having the lowest rate at 3.02%. This variation in rates can have a significant impact on the total cost of a loan, and it is important for potential borrowers to consider the rate when shopping for a loan.
Overall, the total outstanding loan amount in Hardeman County is a significant portion of the total home value in the county. This amount is spread across 54 loans, and the median mortgage rate varies significantly between cities. It is important for potential borrowers to consider the rate when shopping for a loan, as it can have a significant impact on the total cost of the loan.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Hardeman County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chillicothe | $9,305 | $10,419 | $62,301 | $82,823 | $100,396 |
| Quanah | $15,656 | $27,735 | $42,230 | $65,685 | $113,791 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Hardeman County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chillicothe | 2.70% | 2.77% | 3.02% | 3.55% | 4.00% |
| Quanah | 2.75% | 3.00% | 3.45% | 3.70% | 4.10% |
Housing Expenses in Hardeman County, Texas
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