Average Tax Assessment in Jackson County

Jackson County has a total of 7,512 properties with a cumulative value of $939.3M. This represents 0.04% of all real estate value in Texas. The average property tax rate in Jackson County is 1.21%, which is lower than the state average of 1.69%. Property taxes in Jackson County totaled $11.3M, with the average homeowner paying $1,584 in property taxes compared to the state average of $4,015. Property taxes are 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.

Jackson County has an average property tax rate of 1.21%, which is slightly lower than the state average of 1.26%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average property tax bill in Jackson County is $1,584. Property tax rates vary across the cities in Jackson County, with Palacios having the highest effective property tax rate of 1.38%, and Lolita having the lowest effective property tax rate of 1.12%. This means that property owners in Palacios will pay more in taxes than those in Lolita. Property taxes are an important source of revenue for local governments in Jackson County, and the rates are set to ensure that the county can provide the necessary services to its residents.

Home prices in Jackson County, Texas have remained relatively stable from October 2022 to October 2023, with no change in median home price. However, the home inventory in Jackson County has increased from 43 in October 2022 to 55 in October 2023, indicating that there is an increased availability of homes in the area. This could indicate that the market is becoming more competitive, and buyers may have more options when looking for a home in the area.

Jackson County has a total outstanding loan amount of $182.1M across home mortgages. This represents 1.3K outstanding loans in the county, which is a significant amount of money. The median mortgage rate in Jackson County varies across cities, with Lolita having the highest rate at 4.38% and Palacios having the lowest rate at 3.92%. This variation in rates can have a significant impact on the total amount of money that homeowners have to pay back on their mortgages.

The total outstanding loan amount in Jackson County is equivalent to about 8.2% of the total home value in the county. This is a relatively high percentage, indicating that homeowners in Jackson County are taking out larger loans than in other counties. This could be due to the variation in mortgage rates across cities, as homeowners may be taking advantage of the lower rates in certain cities to secure larger loans.