Average Tax Assessment in Hunt County
Real Estate Values and Property Tax Valuation in Hunt County, Texas
Hunt County has a total of 38,804 properties with a cumulative value of $6.8B, representing 0.32% of all real estate value in Texas. Property taxes in Hunt County totaled $101.1M, with an average property tax rate of 1.49%, lower than the state average of 1.69%. The average Hunt County homeowner pays $2,612 in property taxes, significantly lower than the 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 | |
|---|---|
| TexasFile Clerk Records | - |
| Hunt Tax Office | (903) 408-4000 |
| 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 Hunt County
Residential Property Taxes by Cities in Hunt County
Hunt County has an average property tax rate of 1.49%, which is slightly lower than the state average of 1.81%. This means that the average Hunt County property tax bill is $2,612, which is lower than the state average. However, there is a wide range of property tax rates across the cities in Hunt County. The city with the highest effective property tax rate is Commerce, at 1.81%, while the city with the lowest effective property tax rate is Royse City, at 1.07%. This means that property owners in Commerce pay significantly more in property taxes than those in Royse City. Overall, Hunt County has a relatively low property tax rate compared to the rest of the state, but there is still a wide range of rates across the cities.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Hunt 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 |
|---|---|---|---|---|---|
| Caddo Mills | $64,420 | $119,090 | $218,030 | $319,110 | $415,672 |
| Campbell | $24,050 | $78,660 | $169,290 | $297,055 | $422,270 |
| Celeste | $29,152 | $73,320 | $149,960 | $277,130 | $421,684 |
| Commerce | $21,958 | $52,460 | $107,770 | $167,280 | $263,418 |
| Farmersville | $50,516 | $100,150 | $176,530 | $307,845 | $410,372 |
| Greenville | $55,070 | $93,135 | $150,320 | $213,100 | $302,210 |
| Lone Oak | $17,125 | $57,862 | $124,430 | $239,692 | $387,222 |
| Quinlan | $10,605 | $30,150 | $79,675 | $167,022 | $293,105 |
| Royse City | $82,660 | $185,640 | $235,510 | $335,500 | $439,850 |
| Terrell | $93,922 | $183,340 | $303,170 | $409,615 | $544,376 |
| Wills Point | $9,350 | $21,460 | $52,790 | $111,650 | $190,000 |
| Wolfe City | $20,730 | $56,230 | $115,010 | $207,188 | $339,850 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Hunt County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Caddo Mills | $859 | $1,852 | $3,858 | $6,140 | $7,607 |
| Campbell | $281 | $796 | $1,685 | $3,213 | $4,860 |
| Celeste | $312 | $837 | $1,796 | $3,297 | $5,255 |
| Commerce | $353 | $976 | $1,922 | $3,336 | $4,719 |
| Farmersville | $373 | $1,075 | $2,253 | $3,822 | $5,718 |
| Greenville | $670 | $1,445 | $2,647 | $4,040 | $5,310 |
| Lone Oak | $225 | $733 | $1,700 | $3,268 | $4,982 |
| Quinlan | $152 | $392 | $1,131 | $2,381 | $4,256 |
| Royse City | $612 | $1,376 | $2,359 | $3,453 | $5,879 |
| Terrell | $772 | $2,162 | $4,365 | $6,436 | $8,828 |
| Wills Point | $95 | $248 | $688 | $1,536 | $2,687 |
| Wolfe City | $316 | $740 | $1,508 | $2,592 | $4,137 |
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 |
|---|---|---|---|---|---|
| Caddo Mills | 1.33% | 1.56% | 1.77% | 1.92% | 1.83% |
| Campbell | 1.17% | 1.01% | 1.00% | 1.08% | 1.15% |
| Celeste | 1.07% | 1.14% | 1.20% | 1.19% | 1.25% |
| Commerce | 1.61% | 1.86% | 1.78% | 1.99% | 1.79% |
| Farmersville | 0.74% | 1.07% | 1.28% | 1.24% | 1.39% |
| Greenville | 1.22% | 1.55% | 1.76% | 1.90% | 1.76% |
| Lone Oak | 1.31% | 1.27% | 1.37% | 1.36% | 1.29% |
| Quinlan | 1.43% | 1.30% | 1.42% | 1.43% | 1.45% |
| Royse City | 0.74% | 0.74% | 1.00% | 1.03% | 1.34% |
| Terrell | 0.82% | 1.18% | 1.44% | 1.57% | 1.62% |
| Wills Point | 1.02% | 1.16% | 1.30% | 1.38% | 1.41% |
| Wolfe City | 1.52% | 1.32% | 1.31% | 1.25% | 1.22% |
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Real Estate Values in Hunt County
The data from Redfin shows that home prices in Hunt County, Texas have decreased significantly from October 2022 to October 2023, with a decrease of 27.88%. This is likely due to the decrease in home inventory, which has dropped from 637 in October 2022 to 596 in October 2023. This suggests that the housing market in Hunt County is becoming more competitive, as there are fewer homes available for purchase. This could be due to an increase in demand for homes in the area, or a decrease in the number of homes being built. Either way, it is clear that home prices in Hunt County are on the decline.
Average Home Value in Hunt County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Hunt County
Last updated: November 2023
Percent Change in New Home Listings in Hunt County
Last updated: November 2023
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Mortgage Rates in Hunt County
Hunt County is home to a large number of outstanding home mortgage loans, with a total of $6.0B in outstanding loan amounts. This represents 12.6K loans, or approximately 10.5% of the total home value in the county. The median mortgage rate in Hunt County varies significantly across cities, with Campbell having the highest rate of 4.24% and Caddo Mills having the lowest rate of 3.75%. This variation in rates can be attributed to the different economic conditions and housing markets in each city.
Overall, Hunt County has a large number of outstanding home mortgage loans, with a total of $6.0B in outstanding loan amounts. This represents 12.6K loans, or approximately 10.5% of the total home value in the county. The median mortgage rate in Hunt County varies significantly across cities, with the highest rate being 4.24% and the lowest rate being 3.75%. This variation in rates can be attributed to the different economic conditions and housing markets in each city, allowing potential homeowners to find the best rate for their needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Hunt County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Caddo Mills | $53,098 | $104,434 | $191,465 | $250,258 | $335,391 |
| Campbell | $27,012 | $49,822 | $107,725 | $191,704 | $299,056 |
| Celeste | $23,324 | $49,934 | $98,784 | $174,440 | $296,405 |
| Commerce | $19,991 | $39,497 | $79,752 | $145,390 | $225,562 |
| Farmersville | $33,723 | $64,853 | $110,716 | $220,300 | $301,883 |
| Greenville | $33,044 | $64,016 | $117,881 | $176,585 | $240,778 |
| Lone Oak | $27,659 | $51,917 | $116,784 | $194,177 | $317,752 |
| Quinlan | $22,289 | $51,882 | $97,874 | $170,743 | $264,096 |
| Royse City | $84,963 | $132,346 | $189,660 | $235,817 | $325,871 |
| Terrell | $68,300 | $109,595 | $185,051 | $292,322 | $381,932 |
| Wills Point | $21,243 | $40,170 | $81,627 | $142,170 | $199,013 |
| Wolfe City | $21,352 | $49,258 | $103,910 | $166,264 | $257,471 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Hunt County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Caddo Mills | 2.73% | 2.99% | 3.75% | 4.50% | 5.71% |
| Campbell | 2.92% | 3.51% | 4.24% | 5.25% | 6.18% |
| Celeste | 2.89% | 3.20% | 3.96% | 4.89% | 6.18% |
| Commerce | 2.90% | 3.52% | 4.17% | 5.25% | 6.32% |
| Farmersville | 2.90% | 3.56% | 4.14% | 5.02% | 6.13% |
| Greenville | 2.90% | 3.30% | 3.95% | 4.78% | 6.09% |
| Lone Oak | 2.90% | 3.46% | 4.03% | 4.86% | 6.11% |
| Quinlan | 2.90% | 3.55% | 4.08% | 4.91% | 6.10% |
| Royse City | 2.80% | 3.10% | 3.85% | 4.46% | 5.26% |
| Terrell | 2.90% | 3.60% | 4.03% | 4.75% | 6.11% |
| Wills Point | 2.90% | 3.48% | 4.00% | 4.80% | 5.94% |
| Wolfe City | 2.90% | 3.50% | 4.03% | 4.80% | 6.18% |
Housing Expenses in Hunt County, Texas
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