Average Tax Assessment in Hill County
Real Estate Values and Property Tax Valuation in Hill County, Texas
Hill County has a total of 15,778 properties with a cumulative value of $1.8B, representing 0.09% of all real estate value in Texas. The average property tax rate in Hill County is 0.49%, which is significantly lower than the state average of 1.69%. Property taxes in Hill County totaled $8.9M, with the average homeowner paying $587 in property taxes compared to the state average of $4,015. Property taxes are based on the assessed value of the property, which is determined by the local taxing authority.
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 | - |
| Hill Clerk | (254) 582-4030 |
| Hill Tax Collector | (603) 934-3951 |
| Hill Treasurer | (406) 265-5481 |
| 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 Hill County
Residential Property Taxes by Cities in Hill County
Hill County has an average property tax rate of 0.49%, which is lower than the state average of 1.83%. This makes Hill County an attractive option for homeowners looking to save on their property taxes. The city of Whitney has the highest effective property tax rate in Hill County at 0.54%, while the city of Blum has the lowest effective property tax rate at 0.39%. This means that homeowners in Whitney will pay more in property taxes than those in Blum. The difference in effective property tax rates between the two cities is significant, and it is important for potential homeowners to consider this when deciding where to purchase a home.
Overall, Hill County has a relatively low property tax rate compared to the rest of the state, and the rates vary significantly between cities. Homeowners should research the effective property tax rate in the city they are considering before making a purchase to ensure they are getting the best deal.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Hill 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 |
|---|---|---|---|---|---|
| Abbott | $32,540 | $64,950 | $123,270 | $200,740 | $299,030 |
| Aquilla | $15,078 | $38,770 | $81,160 | $178,040 | $317,502 |
| Blum | $14,139 | $34,902 | $73,855 | $151,880 | $259,914 |
| Covington | $29,495 | $60,070 | $123,395 | $207,128 | $354,825 |
| Hillsboro | $20,122 | $40,110 | $77,050 | $140,010 | $216,124 |
| Hubbard | $17,042 | $34,300 | $65,940 | $125,690 | $204,998 |
| Itasca | $17,930 | $37,935 | $74,410 | $131,165 | $233,254 |
| Mount Calm | $13,676 | $33,900 | $62,990 | $119,960 | $229,106 |
| Whitney | $12,939 | $32,782 | $76,345 | $162,355 | $256,514 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Hill County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Abbott | $153 | $322 | $647 | $1,062 | $1,630 |
| Aquilla | $57 | $169 | $385 | $798 | $1,351 |
| Blum | $60 | $159 | $337 | $642 | $1,065 |
| Covington | $130 | $295 | $568 | $1,087 | $1,621 |
| Hillsboro | $96 | $199 | $386 | $710 | $1,077 |
| Hubbard | $71 | $149 | $307 | $582 | $923 |
| Itasca | $92 | $213 | $414 | $718 | $1,145 |
| Mount Calm | $64 | $155 | $297 | $502 | $1,058 |
| Whitney | $70 | $180 | $416 | $902 | $1,517 |
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 |
|---|---|---|---|---|---|
| Abbott | 0.47% | 0.50% | 0.52% | 0.53% | 0.55% |
| Aquilla | 0.38% | 0.44% | 0.47% | 0.45% | 0.43% |
| Blum | 0.42% | 0.46% | 0.46% | 0.42% | 0.41% |
| Covington | 0.44% | 0.49% | 0.46% | 0.52% | 0.46% |
| Hillsboro | 0.48% | 0.50% | 0.50% | 0.51% | 0.50% |
| Hubbard | 0.42% | 0.43% | 0.47% | 0.46% | 0.45% |
| Itasca | 0.51% | 0.56% | 0.56% | 0.55% | 0.49% |
| Mount Calm | 0.47% | 0.46% | 0.47% | 0.42% | 0.46% |
| Whitney | 0.54% | 0.55% | 0.54% | 0.56% | 0.59% |
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Real Estate Values in Hill County
The median home price in Hill County, Texas has increased by 20.64% from October 2022 to October 2023, from $186.5K to $225.0K. This indicates that the housing market in Hill County is strong and that home prices are continuing to rise. At the same time, the home inventory in Hill County has decreased from 174 in October 2022 to 167 in October 2023, suggesting that demand for housing is outpacing the supply of homes available. This could be driving up home prices in the area.
Average Home Value in Hill County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Hill County
Last updated: November 2023
Percent Change in New Home Listings in Hill County
Last updated: November 2023
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Mortgage Rates in Hill County
Hill County has a total of $428.7M in outstanding home mortgage loans, spread across 3.4K loans. This represents a significant portion of the total home value in the county, and is indicative of the strong housing market in the area. The median mortgage rate in Hill County varies across cities, with Blum having the highest rate at 4.04%, and Whitney having the lowest rate at 4.04%. This variation in rates across cities allows homebuyers to shop around and find the best rate for their needs. Overall, Hill County has a strong housing market, with a large amount of outstanding loans and a wide variety of mortgage rates to choose from.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Hill County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Abbott | $19,746 | $45,760 | $80,838 | $121,288 | $219,470 |
| Aquilla | $22,359 | $54,374 | $95,250 | $176,930 | $336,962 |
| Blum | $22,124 | $42,825 | $86,410 | $148,064 | $206,164 |
| Covington | $29,711 | $60,588 | $119,874 | $202,355 | $296,790 |
| Hillsboro | $20,623 | $46,479 | $86,029 | $148,745 | $216,063 |
| Hubbard | $14,215 | $32,520 | $63,535 | $121,212 | $199,073 |
| Itasca | $18,038 | $50,370 | $96,578 | $163,727 | $237,049 |
| Mount Calm | $23,911 | $34,840 | $71,635 | $112,414 | $198,304 |
| Whitney | $19,300 | $47,508 | $98,158 | $161,713 | $240,801 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Hill County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Abbott | 3.00% | 3.60% | 4.02% | 4.70% | 5.67% |
| Aquilla | 2.90% | 3.40% | 3.96% | 4.63% | 5.61% |
| Blum | 2.95% | 3.57% | 4.04% | 4.82% | 6.07% |
| Covington | 2.90% | 3.55% | 3.96% | 4.50% | 5.99% |
| Hillsboro | 2.90% | 3.45% | 4.00% | 4.76% | 6.11% |
| Hubbard | 3.10% | 3.60% | 3.96% | 4.72% | 6.03% |
| Itasca | 2.90% | 3.40% | 3.92% | 4.50% | 5.36% |
| Mount Calm | 2.98% | 3.43% | 3.88% | 4.50% | 5.86% |
| Whitney | 2.90% | 3.47% | 4.04% | 4.75% | 6.00% |
Housing Expenses in Hill County, Texas
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