Average Tax Assessment in Hopkins County
Real Estate Values and Property Tax Valuation in Hopkins County, Texas
Hopkins County has a total of 13,601 properties with a cumulative value of $1.7B. This represents 0.08% of all real estate value in Texas. Property taxes in Hopkins County totaled $13.4M, with an average of $994 paid by homeowners, which is significantly lower than the state average of $4,015. The average property tax rate in Hopkins County is 0.79%, 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 | - |
| Hopkins Appraisal District | (903) 885-2173 |
| Hopkins Property Valuation | (270) 821-3092 |
| 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 |
Don't Miss Your Property Tax Appeal Deadline
Real Estate Statistics in Hopkins County
Residential Property Taxes by Cities in Hopkins County
Hopkins County has an average property tax rate of 0.79%, which is lower than the national average of 1.08%. This makes Hopkins County a relatively affordable place to live in terms of property taxes. The average property tax bill in Hopkins County is $994, which is lower than the national average of $2,279.
Property tax rates vary across the cities in Hopkins County. The city with the highest effective property tax rate is Cumby, with a rate of 1.27%. On the other hand, the city with the lowest effective property tax rate is Sulphur Springs, with a rate of 0.67%. This means that property owners in Cumby pay almost twice as much in property taxes as those in Sulphur Springs.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Hopkins 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 |
|---|---|---|---|---|---|
| Brashear | $21,365 | $42,325 | $91,895 | $190,365 | $322,495 |
| Como | $11,699 | $30,672 | $67,850 | $150,878 | $262,972 |
| Cumby | $19,072 | $42,740 | $84,030 | $165,810 | $263,096 |
| Dike | $23,545 | $52,672 | $110,345 | $210,282 | $327,815 |
| Pickton | $12,614 | $35,292 | $88,240 | $184,995 | $294,429 |
| Saltillo | $11,665 | $28,865 | $77,630 | $178,098 | $370,440 |
| Sulphur Springs | $19,200 | $42,688 | $92,355 | $163,460 | $259,717 |
| Winnsboro | $15,040 | $40,180 | $97,920 | $192,420 | $302,420 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Hopkins County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brashear | $107 | $307 | $714 | $1,465 | $2,391 |
| Como | $116 | $342 | $846 | $1,737 | $2,928 |
| Cumby | $197 | $493 | $1,080 | $2,093 | $3,599 |
| Dike | $128 | $387 | $902 | $1,719 | $2,971 |
| Pickton | $109 | $301 | $894 | $1,706 | $2,837 |
| Saltillo | $93 | $278 | $769 | $1,707 | $2,794 |
| Sulphur Springs | $126 | $295 | $608 | $1,060 | $1,720 |
| Winnsboro | $134 | $441 | $1,066 | $2,146 | $3,561 |
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 |
|---|---|---|---|---|---|
| Brashear | 0.50% | 0.73% | 0.78% | 0.77% | 0.74% |
| Como | 0.99% | 1.12% | 1.25% | 1.15% | 1.11% |
| Cumby | 1.03% | 1.15% | 1.29% | 1.26% | 1.37% |
| Dike | 0.54% | 0.73% | 0.82% | 0.82% | 0.91% |
| Pickton | 0.86% | 0.85% | 1.01% | 0.92% | 0.96% |
| Saltillo | 0.80% | 0.96% | 0.99% | 0.96% | 0.75% |
| Sulphur Springs | 0.66% | 0.69% | 0.66% | 0.65% | 0.66% |
| Winnsboro | 0.89% | 1.10% | 1.09% | 1.12% | 1.18% |
Reduce your property tax bill with Ownwell!
Real Estate Values in Hopkins County
The median home price in Hopkins County, Texas decreased by 24.34% from October 2022 to October 2023, from $152.0K to $115.0K. This decrease in home prices is likely due to the decrease in home inventory, which dropped from 104 in October 2022 to 101 in October 2023. This suggests that the housing market in Hopkins County is becoming more competitive, as fewer homes are available for sale.
Average Home Value in Hopkins County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Hopkins County
Last updated: November 2023
Percent Change in New Home Listings in Hopkins County
Last updated: November 2023
Reduce your property tax bill with Ownwell
Mortgage Rates in Hopkins County
Mortgages in Hopkins County are a major part of the local economy, with a total outstanding loan amount of $401.7M across 3.2K loans. This represents a significant portion of the total home value in the county, and demonstrates the importance of home ownership in the area.
The median mortgage rate in Hopkins County varies across cities, with Pickton having the highest rate at 4.15%, and Saltillo having the lowest rate at 3.91%. This variation in rates can make a big difference in the total cost of a loan, and should be taken into consideration when shopping for a mortgage in the area.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Hopkins County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brashear | $27,338 | $47,446 | $96,956 | $196,029 | $335,105 |
| Como | $19,851 | $43,422 | $85,586 | $137,418 | $191,147 |
| Cumby | $24,844 | $49,837 | $94,451 | $165,220 | $244,626 |
| Dike | $34,949 | $68,513 | $110,217 | $193,134 | $271,734 |
| Pickton | $30,540 | $55,571 | $111,067 | $189,435 | $325,273 |
| Saltillo | $17,081 | $48,365 | $102,394 | $186,086 | $285,965 |
| Sulphur Springs | $23,194 | $49,098 | $95,468 | $162,226 | $239,314 |
| Winnsboro | $38,294 | $53,217 | $98,425 | $151,226 | $252,462 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Hopkins County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brashear | 2.90% | 3.58% | 4.06% | 4.66% | 5.29% |
| Como | 2.88% | 3.60% | 4.10% | 5.03% | 6.20% |
| Cumby | 3.00% | 3.60% | 4.00% | 4.60% | 5.83% |
| Dike | 2.95% | 3.50% | 4.02% | 4.59% | 5.77% |
| Pickton | 2.90% | 3.51% | 4.15% | 4.99% | 5.97% |
| Saltillo | 2.87% | 3.20% | 3.91% | 4.41% | 4.96% |
| Sulphur Springs | 2.90% | 3.50% | 4.00% | 4.70% | 5.83% |
| Winnsboro | 3.14% | 3.70% | 4.13% | 4.66% | 5.84% |
Housing Expenses in Hopkins County, Texas
Reduce your property tax bill with Ownwell
With Ownwell's property tax monitoring service ensures you'll never overpay on property taxes again.
How Ownwell works?
- Enter your property address and get an instant estimate of your potential tax savings based on local market data and our historical tax savings in your area.
- Sign up online and authorize Ownwell to fight your tax bill in less than 5 minutes.
- Sit back and let us get to work. Ownwell handles everything start to finish with no up-front costs. It’s all backed by our industry-leading Savings-or-Free Guarantee.
- When we save you money our fee is just 25% of your savings. If you don't save, you don't pay. We will continue to monitor your property taxes every year to ensure that you never overpay or have to worry about your property taxes again.