Average Tax Assessment in Karnes County
Real Estate Values and Property Tax Valuation in Karnes County, Texas
Karnes County has a total of 9,132 properties with a cumulative value of $1.2B. This represents 0.06% of all real estate value in Texas. Property taxes in Karnes County amount to $4.7M, with an average homeowner paying $521 in property taxes compared to the state average of $4,015. The average property tax rate in Karnes County is 0.39%, while the state average is 1.69%. Properties are typically valued for tax purposes based on their 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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Karnes Clerk | (830) 780-3938 |
TexasFile Clerk Records | - |
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 Karnes County
Residential Property Taxes by Cities in Karnes County
Karnes County has an average property tax rate of 0.39%, which is lower than the state average of 1.17%. This makes Karnes County an attractive place to live for those looking to keep their property tax bills low. The city with the highest effective property tax rate is Falls City, at 0.83%, while the city with the lowest effective property tax rate is Karnes City, at 0.42%. This shows that there is a significant difference in property tax rates across the cities in Karnes County, with Falls City having the highest rate and Karnes City having the lowest. This means that property owners in Karnes County should be aware of the differences in property tax rates when considering where to purchase a home.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Karnes 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 |
---|---|---|---|---|---|
Falls City | $12,140 | $32,880 | $85,802 | $189,520 | $319,960 |
Hobson | $18,507 | $37,692 | $82,016 | $172,310 | $280,625 |
Karnes City | $7,722 | $21,250 | $50,082 | $115,079 | $255,031 |
Kenedy | $8,557 | $23,220 | $53,348 | $114,929 | $247,180 |
Runge | $5,970 | $18,828 | $42,032 | $81,405 | $230,090 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Karnes County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Falls City | $10 | $54 | $328 | $1,461 | $3,729 |
Hobson | $8 | $34 | $248 | $921 | $2,161 |
Karnes City | $10 | $52 | $235 | $581 | $1,124 |
Kenedy | $13 | $67 | $294 | $867 | $1,700 |
Runge | $18 | $87 | $351 | $884 | $1,568 |
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 |
---|---|---|---|---|---|
Falls City | 0.08% | 0.16% | 0.38% | 0.77% | 1.17% |
Hobson | 0.04% | 0.09% | 0.30% | 0.53% | 0.77% |
Karnes City | 0.13% | 0.24% | 0.47% | 0.50% | 0.44% |
Kenedy | 0.15% | 0.29% | 0.55% | 0.75% | 0.69% |
Runge | 0.30% | 0.46% | 0.84% | 1.09% | 0.68% |
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Real Estate Values in Karnes County
The median home price in Karnes County, Texas has remained steady from October 2022 to October 2023, at $82.0K. However, the home inventory in Karnes County has decreased from 23 in October 2022 to 19 in October 2023, indicating a decrease in the availability of homes for sale in the area. This could be indicative of a seller's market, where demand for homes is higher than the supply.
Average Home Value in Karnes County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Karnes County
Last updated: November 2023
Percent Change in New Home Listings in Karnes County
Last updated: November 2023
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Mortgage Rates in Karnes County
Karnes County has a total of $57.5 million in outstanding home mortgage loans, with 550 loans currently in place. This amount represents a significant portion of the total home value in the county, and shows the importance of mortgages in the local economy. The median mortgage rate in Karnes County varies across cities, with Karnes City having the highest median rate at 4.4%, while Kenedy has the lowest median rate at 4.4%. This variation in rates across cities shows that there are different options available for those looking to purchase a home in Karnes County, and that it is important to shop around for the best rate. Overall, mortgages are an important part of the local economy in Karnes County, and the variation in rates across cities provides potential buyers with a range of options to choose from.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Karnes County by city.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Falls City | $29,029 | $60,550 | $129,970 | $194,190 | $273,510 |
Hobson | $57,439 | $83,850 | $130,378 | $175,533 | $223,261 |
Karnes City | $9,218 | $34,891 | $74,195 | $131,066 | $176,010 |
Kenedy | $14,508 | $37,712 | $74,696 | $137,310 | $179,156 |
Runge | $20,662 | $36,271 | $87,009 | $116,034 | $187,705 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Karnes County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Falls City | 2.90% | 3.46% | 4.20% | 5.41% | 6.42% |
Hobson | 2.80% | 3.10% | 3.93% | 4.72% | 6.21% |
Karnes City | 2.96% | 3.59% | 4.40% | 5.67% | 6.19% |
Kenedy | 3.02% | 3.72% | 4.40% | 5.12% | 6.21% |
Runge | 2.88% | 3.54% | 4.14% | 4.81% | 5.88% |
Housing Expenses in Karnes County, Texas
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