Average Tax Assessment in Hutchinson County
Real Estate Values and Property Tax Valuation in Hutchinson County, Texas
Hutchinson County has a total of 9,904 properties with a cumulative value of $624.6M. This represents 0.03% of all real estate value in Texas. Property taxes in Hutchinson County totaled $12.1M, with an average homeowner paying $1,246 in property taxes compared to the state average of $4,015. The average property tax rate in Hutchinson County is 1.95%, higher than the state average of 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 | - |
| Hutchinson Clerk | (806) 878-4002 |
| 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 Hutchinson County
Residential Property Taxes by Cities in Hutchinson County
Hutchinson County has an average property tax rate of 1.95%, which is slightly lower than the state average of 2.06%. This rate is applied to the assessed value of a property to calculate the amount of taxes owed. Property taxes in Hutchinson County are collected by the county government and are used to fund public services such as schools, roads, and public safety.
Property tax rates in Hutchinson County vary across cities, with Borger having the highest effective rate of 2.18% and Stinnett having the lowest rate of 1.59%. This means that property owners in Borger will pay more in taxes than those in Stinnett. Property taxes are an important source of revenue for local governments, and the differences in rates across cities can have a significant impact on the amount of money available for public services.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Hutchinson 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.
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Hutchinson 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.
Reduce your property tax bill with Ownwell!
Real Estate Values in Hutchinson County
The data from Redfin shows that home prices in Hutchinson County, Texas have decreased significantly from October 2022 to October 2023. The median home price in October 2023 was $65.0K, which is 37.17% lower than the median home price in October 2022, which was $103.5K. Additionally, the home inventory in Hutchinson County decreased from 73 in October 2022 to 68 in October 2023. This indicates that the housing market in Hutchinson County is becoming more competitive, as there are fewer homes available for sale.
Average Home Value in Hutchinson County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Hutchinson County
Last updated: November 2023
Percent Change in New Home Listings in Hutchinson County
Last updated: November 2023
Reduce your property tax bill with Ownwell
Mortgage Rates in Hutchinson County
Hutchinson County has a total of $192.8M in outstanding home mortgage loans, spread across 2.2K 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 Hutchinson County varies across cities, with Fritch having the highest rate of 4.2%, and Borger having the lowest rate of 4.12%. This variation in rates provides potential homebuyers with more options when it comes to finding the best deal for their needs. With such a wide range of rates available, it is possible to find a loan that fits both budget and lifestyle.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Hutchinson County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Hutchinson County.
Housing Expenses in Hutchinson 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.