Average Tax Assessment in Jones County
Real Estate Values and Property Tax Valuation in Jones County, Texas
Jones County has a total of 6,712 properties with a cumulative value of $631.7M. This represents 0.03% of all real estate value in Texas. Property taxes in Jones County totaled $9.1M, with an average homeowner paying $1,379 in property taxes compared to the state average of $4,015. The average property tax rate in Jones County is 1.44%, lower 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 | - |
| Jones Clerk | (325) 823-3762 |
| Jones Clerk of Court | (478) 986-6671 |
| Jones Register of Deeds | (252) 448-2551 |
| 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 Jones County
Residential Property Taxes by Cities in Jones County
Jones County has an average property tax rate of 1.44%, which is slightly lower than the state average of 1.48%. This rate is applied to the assessed value of a property to determine the amount of taxes due. Property taxes in Jones 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 Jones County vary across the cities. The city with the highest effective property tax rate is Hamlin, at 2.21%, while the city with the lowest effective property tax rate is Merkel, at 0.72%. This means that property owners in Hamlin pay more than double the amount of taxes than those in Merkel. Property taxes in Jones County are an important source of revenue for the county, and the varying rates across the cities ensure that the county is able to fund the services it provides.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Jones 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 |
|---|---|---|---|---|---|
| Abilene | $28,616 | $58,075 | $105,170 | $163,560 | $254,654 |
| Anson | $13,519 | $34,028 | $63,960 | $111,712 | $193,806 |
| Hamlin | $7,990 | $20,590 | $39,710 | $74,340 | $111,098 |
| Hawley | $20,198 | $47,270 | $103,310 | $183,825 | $271,976 |
| Merkel | $26,536 | $63,350 | $134,840 | $221,120 | $294,992 |
| Stamford | $10,457 | $25,578 | $48,045 | $85,678 | $142,258 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Jones 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.
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Real Estate Values in Jones County
The median home price in Jones County, Texas has remained steady from October 2022 to October 2023, with a median home price of $232.5K. However, the home inventory in Jones County has decreased from 56 in October 2022 to 51 in October 2023. This indicates that the demand for homes in Jones County is increasing, which could lead to an increase in home prices in the future.
Average Home Value in Jones County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Jones County
Last updated: November 2023
Percent Change in New Home Listings in Jones County
Last updated: November 2023
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Mortgage Rates in Jones County
Jones County has a total of $71.1 million in outstanding home mortgage loans. This represents 699 individual loans, or an average of $102,000 per loan. The median mortgage rate in Jones County is 3.84%, which is slightly lower than the national average of 3.9%. However, there is a significant variation in mortgage rates across the county. The city of Stamford has the highest median mortgage rate at 3.93%, while the city of Hamlin has the lowest median mortgage rate at 3.75%. This difference of 0.18% may not seem like much, but it can add up to a significant amount of money over the life of a loan.
Overall, Jones County has a healthy mortgage market with a relatively low average rate. Homeowners in the county can take advantage of this by shopping around for the best rate and terms. With a little bit of research, they can save a significant amount of money on their mortgage payments.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Jones County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Abilene | $38,930 | $71,535 | $117,841 | $168,105 | $231,913 |
| Anson | $16,877 | $37,134 | $67,113 | $113,058 | $177,030 |
| Hamlin | $13,705 | $30,728 | $68,429 | $102,358 | $140,688 |
| Hawley | $40,186 | $79,712 | $114,140 | $171,827 | $228,654 |
| Merkel | $38,961 | $67,317 | $105,350 | $165,379 | $210,168 |
| Stamford | $11,914 | $25,198 | $51,641 | $89,020 | $133,550 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Jones County.
Housing Expenses in Jones County, Texas
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