Average Tax Assessment in Howard County
Real Estate Values and Property Tax Valuation in Howard County, Texas
There are a total of 12,045 properties in Howard County, Texas, which are cumulatively valued at $1.4B. This represents 0.06% of all real estate value in Texas. A total of $25.9M was collected in property taxes in Howard County across these 12,045 properties, with an average property tax rate of 1.89%, higher than the state average of 1.69%. The average Howard County homeowner pays $2,178 in property taxes compared to a state average of $4,015. Property taxes are typically based on the assessed value of the property, which is usually 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 | |
|---|---|
| Howard Appraisal District | (432) 263-8301 |
| Howard Clerk of the Circuit Court | (410) 313-5850 |
| Howard Recorder | (765) 456-2210 |
| Howard Register of Deeds | (308) 754-4343 |
| 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 Howard County
Residential Property Taxes by Cities in Howard County
Howard County has an average property tax rate of 1.89%, which is slightly lower than the state average of 1.91%. This means that the average Howard County property tax bill is $2,178, which is lower than the state average. The effective property tax rate varies across the cities in Howard County, with Big Spring having the highest rate at 1.91% and Coahoma having the lowest rate at 1.68%. This means that property owners in Big Spring will pay more in taxes than those in Coahoma.
Overall, Howard County has a relatively low property tax rate compared to the rest of the state. However, there is still a significant difference in the effective property tax rate between the cities in Howard County, with Big Spring having the highest rate and Coahoma having the lowest. Property owners should be aware of these differences when considering where to purchase property in Howard County.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Howard 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 |
|---|---|---|---|---|---|
| Big Spring | $20,743 | $42,341 | $90,947 | $148,817 | $230,194 |
| Coahoma | $16,116 | $45,766 | $100,737 | $196,313 | $283,864 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Howard County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Spring | $381 | $813 | $1,637 | $2,940 | $4,531 |
| Coahoma | $307 | $827 | $1,726 | $3,200 | $5,008 |
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 |
|---|---|---|---|---|---|
| Big Spring | 1.84% | 1.92% | 1.80% | 1.98% | 1.97% |
| Coahoma | 1.90% | 1.81% | 1.71% | 1.63% | 1.76% |
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Real Estate Values in Howard County
The median home price in Howard County, Texas remained unchanged from October 2022 to October 2023, at $50.0K. However, the home inventory decreased from 171 in October 2022 to 159 in October 2023. This suggests that the demand for homes in Howard County is increasing, which could lead to an increase in home prices in the future.
Average Home Value in Howard County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Howard County
Last updated: November 2023
Percent Change in New Home Listings in Howard County
Last updated: November 2023
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Mortgage Rates in Howard County
Mortgages in Howard County are a significant part of the local economy, with a total outstanding loan amount of $351.8 million. This represents a significant portion of the total home value in the county, and is indicative of the importance of home ownership in the area. The number of outstanding loans in Howard County is 3,000, which is a testament to the strength of the local housing market.
The median mortgage rate in Howard County varies across cities, with Big Spring having the highest rate at 4.1%, and Coahoma having the lowest rate at 3.93%. This variation in rates across counties reflects the different economic conditions in each area, and provides potential homeowners with the opportunity to find the best deal for their needs. Overall, mortgages in Howard County are an important part of the local economy, and provide a variety of options for potential homeowners.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Howard County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Spring | $25,223 | $52,634 | $99,311 | $160,026 | $229,705 |
| Coahoma | $38,093 | $71,495 | $128,902 | $216,994 | $273,280 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Howard County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Spring | 2.90% | 3.54% | 4.10% | 4.83% | 5.99% |
| Coahoma | 2.90% | 3.35% | 3.93% | 4.50% | 5.56% |
Housing Expenses in Howard County, Texas
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