Average Tax Assessment in Hockley County
Real Estate Values and Property Tax Valuation in Hockley County, Texas
Hockley County has a total of 9,122 properties with a cumulative value of $792.6M, representing 0.04% of all real estate value in Texas. The average property tax rate in Hockley County is 1.88%, higher than the state average of 1.69%. Property taxes in Hockley County totaled $14.9M, with the average homeowner paying $1,817 in property taxes compared to the state average of $4,015. 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 | |
|---|---|
| TexasFile Clerk Records | - |
| Hockley Clerk | (806) 894-3185 |
| 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 Hockley County
Residential Property Taxes by Cities in Hockley County
Hockley County has an average property tax rate of 1.88%, which is slightly lower than the state average of 2.06%. This rate is applied to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly from city to city. For example, Levelland has the highest effective property tax rate in the county at 1.97%, while Lubbock has the lowest at 1.47%. This means that property owners in Levelland will pay more in taxes than those in Lubbock.
Overall, Hockley County has a relatively low property tax rate compared to other counties in Texas. However, the effective rate can vary significantly from city to city, so it is important for property owners to be aware of the rate in their area. Knowing the effective rate can help property owners make informed decisions about their taxes and ensure they are paying the correct amount.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Hockley 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 |
|---|---|---|---|---|---|
| Anton | $3,630 | $12,905 | $31,090 | $67,155 | $126,810 |
| Levelland | $8,650 | $24,358 | $64,865 | $131,510 | $191,585 |
| Lubbock | $15,595 | $29,400 | $68,695 | $114,270 | $197,015 |
| Ropesville | $10,994 | $35,032 | $87,465 | $175,068 | $331,637 |
| Smyer | $9,959 | $23,655 | $50,840 | $87,455 | $147,202 |
| Sundown | $4,220 | $16,220 | $49,250 | $93,630 | $126,830 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Hockley County.
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.
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Real Estate Values in Hockley County
The median home price in Hockley County, Texas has not changed from October 2022 to October 2023, remaining at $130.0K. However, the home inventory in Hockley County has increased from 65 in October 2022 to 90 in October 2023, indicating a potential increase in demand for housing in the area. This could lead to an increase in home prices in the future.
Average Home Value in Hockley County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Hockley County
Last updated: November 2023
Percent Change in New Home Listings in Hockley County
Last updated: November 2023
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Mortgage Rates in Hockley County
Hockley County has a total of $276.5M in outstanding home mortgage loans. This represents 2.1K loans, which is a significant portion of the total home value in the county. The median mortgage rate in Hockley County varies across cities, with Smyer having the highest rate of 4.43%, and Sundown having the lowest rate of 3.95%. This variation in rates is indicative of the competitive market in Hockley County, where lenders are competing to offer the best rates to borrowers. Overall, the total outstanding loan amount in Hockley County is a testament to the strong housing market in the area, and the competitive rates offered by lenders.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Hockley County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anton | $21,514 | $37,607 | $59,698 | $83,175 | $181,498 |
| Levelland | $22,313 | $49,514 | $87,046 | $140,915 | $204,893 |
| Lubbock | $21,673 | $44,052 | $88,904 | $120,105 | $184,088 |
| Ropesville | $16,703 | $44,877 | $99,942 | $170,577 | $306,860 |
| Smyer | $8,016 | $20,610 | $46,708 | $97,078 | $155,270 |
| Sundown | $24,024 | $48,831 | $81,321 | $125,639 | $164,090 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Hockley County.
Housing Expenses in Hockley County, Texas
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