Average Tax Assessment in Irion County
Real Estate Values and Property Tax Valuation in Irion County, Texas
Irion County has 801 properties with a cumulative value of $83.6M, representing 0.004% of all real estate value in Texas. The average property tax rate in Irion County is 1.49%, lower than the state average of 1.69%. Property taxes in Irion County totaled $1.2M, with the average homeowner paying $1,624 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 | |
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TexasFile Clerk Records | - |
Irion Clerk | (325) 835-2421 |
Important Dates | |
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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 | |
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Early Payment Discount | |
Senior | Available |
Disabled | Available |
Homestead | Available |
Veteran | Available |
Solar/Wind | Available |
Charitable | Available |
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Real Estate Statistics in Irion County
Residential Property Taxes by Cities in Irion County
Irion County has an average property tax rate of 1.49%, which is slightly lower than the state average of 1.81%. This rate applies to all properties in the county, regardless of location. However, there is some variation in effective property tax rates across the cities in Irion County. The city of Mertzon has the highest effective property tax rate at 1.51%, while the city of Barnhart has the lowest effective property tax rate at 1.45%. This means that homeowners in Mertzon will pay slightly more in property taxes than those in Barnhart.
Overall, Irion County has a relatively low property tax rate compared to other counties in Texas. This makes it an attractive option for those looking to purchase a home in the area. However, it is important to note that property taxes can vary significantly from city to city, so it is important to research the effective property tax rate of any potential home before making a purchase.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Irion 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 |
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Mertzon | $9,290 | $24,460 | $72,200 | $148,980 | $249,714 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Irion County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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Mertzon | $163 | $407 | $1,170 | $2,536 | $4,104 |
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 |
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Mertzon | 1.75% | 1.66% | 1.62% | 1.70% | 1.64% |
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Real Estate Values in Irion County
The median home price in Irion County, Texas has not changed from October 2022 to October 2023, remaining at $920.0K. However, the home inventory in Irion County has increased from 2 in October 2022 to 3 in October 2023. This suggests that the housing market in Irion County is stable, with a slight increase in the number of homes available for purchase.
Average Home Value in Irion County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Irion County
Last updated: November 2023
Percent Change in New Home Listings in Irion County
Last updated: November 2023
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Mortgage Rates in Irion County
Mortgages in Irion County are currently valued at a total of $12.0M, with 73 outstanding loans. This represents a significant portion of the total home value in the county, and demonstrates the importance of mortgages in the local economy. The median mortgage rate in Irion County varies across cities, with Mertzon having the highest rate at 3.88%. This rate is slightly higher than the national average, but still relatively low compared to other counties in the region. This variation in rates across cities provides an opportunity for potential homebuyers to find a mortgage that best suits their needs and budget.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Irion County by city.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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Mertzon | $26,295 | $68,993 | $139,105 | $200,978 | $292,776 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Irion County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Mertzon | 3.07% | 3.46% | 3.88% | 4.40% | 4.67% |
Housing Expenses in Irion County, Texas
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