Average Tax Assessment in Knox County
Real Estate Values and Property Tax Valuation in Knox County, Texas
Knox County has a total of 1,656 properties with a cumulative value of $59.1M, representing 0.003% of all real estate value in Texas. Property taxes in Knox County totaled $1.3M, with an average of $825 paid by homeowners, which is significantly lower than the state average of $4,015. The average property tax rate in Knox County is 2.26%, 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 | |
|---|---|
| Knox Clerk | (940) 459-2441 |
| TexasFile Clerk Records | - |
| Knox Register of Deeds | (865) 215-2330 |
| Knox Property Valuation | (606) 546-4113 |
| 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 Knox County
Residential Property Taxes by Cities in Knox County
Knox County has an average property tax rate of 2.26%, which is slightly lower than the state average of 2.3%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average Knox County property tax bill is $825. Property taxes in Knox County vary across cities, with Munday having the highest effective property tax rate of 2.6%, while Knox City has the lowest rate of 2.12%. This means that property owners in Munday will pay more in taxes than those in Knox City.
Overall, Knox County has a relatively low property tax rate compared to other counties in the state. However, property owners should be aware of the differences in rates across cities, as this can have a significant impact on their tax bill.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Knox 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.
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Knox 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 Knox County
The median home price in Knox County, Texas has remained steady at $142.0K from October 2022 to October 2023. The home inventory in Knox County has also remained the same at 13. This suggests that the housing market in Knox County is stable and not experiencing any significant changes in home prices or inventory.
Average Home Value in Knox County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Knox County
Last updated: November 2023
Percent Change in New Home Listings in Knox County
Last updated: November 2023
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Mortgage Rates in Knox County
There are currently no outstanding loans in Knox County for home mortgages. This means that the total outstanding loan amount across home mortgages in Knox County is zero. The median mortgage rate in Knox County varies across cities, with the highest median mortgage rate being in one city and the lowest median mortgage rate being in another. This variation in rates across cities can be attributed to the different economic conditions in each city.
Overall, the total outstanding loan amount across home mortgages in Knox County is low, and the percentage to total home value is minimal. This indicates that the mortgage market in Knox County is relatively stable, and that the variation in rates across cities is not significant. This is good news for potential homebuyers in Knox County, as it suggests that they can expect to find competitive rates when looking for a mortgage.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Knox County by city.
We currently do not have this data but we are working to add this soon.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Knox County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Knox County, Texas
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