Average Tax Assessment in Hemphill County
Real Estate Values and Property Tax Valuation in Hemphill County, Texas
Hemphill County has a total of 1,671 properties with a cumulative value of $143.3M. This represents 0.007% of all real estate value in Texas. Property taxes in Hemphill County totaled $1.6M, with the average homeowner paying $1,009 in property taxes, which is significantly lower than the state average of $4,015. The average property tax rate in Hemphill County is 1.14%, 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 | |
|---|---|
| TexasFile Clerk Records | - |
| Hemphill Clerk | (806) 323-6212 |
| 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 Hemphill County
Residential Property Taxes by Cities in Hemphill County
Hemphill County has an average property tax rate of 1.14%, which is slightly lower than the state average of 1.17%. This rate is applied to all properties in the county, regardless of location. The city of Canadian has the highest effective property tax rate in the county at 1.14%, while the city of Canadian has the lowest effective property tax rate at 1.14%. This means that property owners in Canadian pay the same rate as those in other cities in the county.
Property taxes in Hemphill County are relatively low compared to other counties in the state. The average property tax bill in the county is $1,009, which is lower than the state average of $1,092. This makes Hemphill County an attractive option for those looking to purchase property in the area. Property taxes in the county are also relatively consistent across cities, with the highest effective rate being the same as the lowest.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Hemphill 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 |
|---|---|---|---|---|---|
| Canadian | $7,760 | $24,370 | $66,720 | $119,360 | $180,530 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Hemphill County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Canadian | $92 | $289 | $774 | $1,389 | $2,137 |
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 |
|---|---|---|---|---|---|
| Canadian | 1.19% | 1.19% | 1.16% | 1.16% | 1.18% |
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Real Estate Values in Hemphill County
The data from Redfin indicates that there is no change in the median home price in Hemphill County from October 2022 to October 2023. However, there has been a decrease in the home inventory in Hemphill County from 4 in October 2022 to 3 in October 2023. This suggests that the demand for homes in Hemphill County is increasing, which could lead to an increase in home prices in the future. Overall, the home price trends in Texas appear to be stable.
Average Home Value in Hemphill County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Hemphill County
Last updated: November 2023
Percent Change in New Home Listings in Hemphill County
Last updated: November 2023
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Mortgage Rates in Hemphill County
Hemphill County has a total outstanding loan amount of $15.5 million across home mortgages. This amount is spread across 131 outstanding loans, representing a significant portion of the total home value in the county. The median mortgage rate in Hemphill County is 3.9%, which is the same as the median rate in Canadian, the city with the highest median mortgage rate. However, there is still a variation in mortgage rates across the county, with some cities having higher rates than others. This variation in rates can be attributed to the different economic conditions in each city, as well as the availability of different loan products. Overall, Hemphill County has a relatively high amount of outstanding loans and a relatively low median mortgage rate, making it an attractive option for potential homebuyers.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Hemphill County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Canadian | $37,527 | $65,612 | $106,164 | $163,454 | $214,239 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Hemphill County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Canadian | 3.10% | 3.47% | 3.90% | 4.37% | 4.50% |
Housing Expenses in Hemphill County, Texas
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