Average Tax Assessment in Jim Wells County
Real Estate Values and Property Tax Valuation in Jim Wells County, Texas
Jim Wells County has a total of 13,751 properties, with a cumulative value of $985.3M. This represents 0.05% of all real estate value in Texas. Property taxes in Jim Wells County totaled $19.0M, with an average homeowner paying $1,386 in property taxes, which is significantly lower than the state average of $4,015. The average property tax rate in Jim Wells County is 1.92%, slightly higher than the state average of 1.69%. Property taxes are calculated 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 | |
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TexasFile Clerk Records | - |
Jim Wells Clerk | (361) 668-5702 |
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 Jim Wells County
Residential Property Taxes by Cities in Jim Wells County
Jim Wells County has an average property tax rate of 1.92%, which is slightly lower than the state average of 2.06%. This rate applies to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly from city to city. For example, the city of Alice has the highest effective property tax rate in the county at 2.00%, while the city of San Diego has the lowest effective property tax rate at 0.73%. This means that property owners in Alice will pay significantly more in taxes than those in San Diego.
Overall, Jim Wells County has a relatively low property tax rate compared to other counties in the state. However, it is important to note that the effective property tax rate can vary significantly from city to city. Property owners should research the effective property tax rate in their city before making any decisions about purchasing or selling property in the county.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Jim Wells 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 |
---|---|---|---|---|---|
Alice | $8,586 | $23,704 | $48,471 | $92,296 | $161,320 |
Orange Grove | $7,135 | $16,875 | $48,112 | $110,352 | $180,750 |
Premont | $5,335 | $16,576 | $37,058 | $64,940 | $99,428 |
Sandia | $11,792 | $31,007 | $93,074 | $242,568 | $356,174 |
San Diego | $5,455 | $9,410 | $19,386 | $36,934 | $72,172 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Jim Wells County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Alice | $110 | $319 | $901 | $1,923 | $3,625 |
Orange Grove | $70 | $192 | $721 | $2,030 | $3,665 |
Premont | $80 | $228 | $651 | $1,323 | $2,111 |
Sandia | $64 | $326 | $1,612 | $4,401 | $6,832 |
San Diego | $4 | $52 | $128 | $256 | $525 |
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 |
---|---|---|---|---|---|
Alice | 1.28% | 1.35% | 1.86% | 2.08% | 2.25% |
Orange Grove | 0.98% | 1.14% | 1.50% | 1.84% | 2.03% |
Premont | 1.50% | 1.38% | 1.76% | 2.04% | 2.12% |
Sandia | 0.54% | 1.05% | 1.73% | 1.81% | 1.92% |
San Diego | 0.07% | 0.55% | 0.66% | 0.69% | 0.73% |
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Real Estate Values in Jim Wells County
The median home price in Jim Wells County in October 2023 was $12.0K, which is lower than the median home price in October 2022. The home inventory in Jim Wells County decreased from 81 in October 2022 to 74 in October 2023. This suggests that the housing market in Jim Wells County is becoming more competitive, with fewer homes available for sale and lower prices. Overall, the data from Redfin indicates that home prices in Jim Wells County are trending downward.
Average Home Value in Jim Wells County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Jim Wells County
Last updated: November 2023
Percent Change in New Home Listings in Jim Wells County
Last updated: November 2023
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Mortgage Rates in Jim Wells County
Jim Wells County has a total of $228.7 million in outstanding home mortgage loans, spread across 2,100 individual loans. This represents a significant portion of the total home value in the county, indicating that many residents have taken advantage of the low interest rates to purchase a home. The median mortgage rate in Jim Wells County is 5.26%, which is slightly lower than the national average. However, there is a significant variation in mortgage rates across the county, with the highest median rate being 5.91% in San Diego and the lowest being 4.11% in Sandia. This indicates that potential homebuyers should shop around to find the best rate for their needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Jim Wells County by city.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Alice | $18,693 | $43,798 | $78,857 | $128,981 | $190,261 |
Orange Grove | $21,739 | $51,909 | $125,965 | $178,442 | $247,058 |
Premont | $20,560 | $32,344 | $51,839 | $79,567 | $126,550 |
Sandia | $32,229 | $78,526 | $151,460 | $268,980 | $368,547 |
San Diego | $5,556 | $15,860 | $43,263 | $80,743 | $114,958 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Jim Wells County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Alice | 3.09% | 3.61% | 4.36% | 5.50% | 6.32% |
Orange Grove | 3.00% | 3.60% | 4.17% | 4.96% | 6.16% |
Premont | 3.04% | 3.60% | 4.25% | 5.50% | 6.13% |
Sandia | 2.90% | 3.45% | 4.11% | 5.00% | 6.20% |
San Diego | 3.57% | 4.28% | 5.91% | 6.15% | 6.58% |
Housing Expenses in Jim Wells County, Texas
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