Average Tax Assessment in Lamar County
Real Estate Values and Property Tax Valuation in Lamar County, Texas
Lamar County has a total of 14,302 properties with a cumulative value of $1.5B. This accounts for 0.07% of all real estate value in Texas. Property taxes in Lamar County totaled $27.9M, with an average homeowner paying $1,950 in property taxes compared to the state average of $4,015. The average property tax rate in Lamar County is 1.82%, while the state average is 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 | |
|---|---|
| Lamar Clerk | (903) 737-2420 |
| TexasFile Clerk Records | - |
| Lamar Chancery Clerk | (601) 794-8504 |
| Lamar Clerk of Court | (770) 358-5145 |
| 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 Lamar County
Residential Property Taxes by Cities in Lamar County
Lamar County has an average property tax rate of 1.82%, which is slightly lower than the state average of 1.86%. This rate is applied to all properties in the county, regardless of their location. However, the effective property tax rate can vary significantly across the cities in Lamar County. For example, the city of Roxton has the highest effective property tax rate at 2%, while the city of Sumner has the lowest effective property tax rate at 1.33%. This means that property owners in Roxton will pay more in property taxes than those in Sumner.
Overall, Lamar County has a relatively low property tax rate compared to other counties in the state. However, property owners should be aware that the effective property tax rate can vary significantly across the cities in the county. Knowing the effective property tax rate in the city where their property is located can help property owners plan for their tax bills and budget accordingly.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Lamar 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 |
|---|---|---|---|---|---|
| Blossom | $16,304 | $48,058 | $86,925 | $126,338 | $183,060 |
| Deport | $6,869 | $27,620 | $63,615 | $104,120 | $139,415 |
| Paris | $21,540 | $37,645 | $78,830 | $135,710 | $200,654 |
| Powderly | $33,522 | $69,010 | $122,340 | $194,470 | $261,280 |
| Reno | $72,216 | $94,380 | $129,830 | $180,560 | $224,404 |
| Roxton | $13,010 | $23,810 | $52,970 | $89,360 | $120,846 |
| Sumner | $37,863 | $66,062 | $105,170 | $150,390 | $196,871 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Lamar 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.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blossom | 1.92% | 1.78% | 1.67% | 1.68% | 1.56% |
| Deport | 2.27% | 1.80% | 1.71% | 1.59% | 1.68% |
| Paris | 2.02% | 2.09% | 1.93% | 1.90% | 1.97% |
| Powderly | 1.24% | 1.30% | 1.38% | 1.39% | 1.38% |
| Reno | 1.90% | 1.89% | 1.88% | 1.87% | 1.91% |
| Roxton | 1.95% | 2.10% | 2.07% | 1.97% | 1.97% |
| Sumner | 1.27% | 1.33% | 1.37% | 1.39% | 1.38% |
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Real Estate Values in Lamar County
The data from Redfin shows that the median home price in Lamar County, Texas has increased significantly from October 2022 to October 2023. The median home price rose by 73.17%, from $239.5K to $414.8K. This indicates that the housing market in Lamar County is strong and that demand for homes is high. Additionally, the home inventory in Lamar County increased from 121 in October 2022 to 169 in October 2023, indicating that there is an increased supply of homes in the area. Overall, the data from Redfin suggests that the housing market in Lamar County is healthy and that home prices are on the rise.
Average Home Value in Lamar County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Lamar County
Last updated: November 2023
Percent Change in New Home Listings in Lamar County
Last updated: November 2023
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Mortgage Rates in Lamar County
Lamar County is home to a large number of outstanding home mortgage loans, totaling $508.4 million. This represents a significant portion of the total home value in the county, indicating that homeowners in Lamar County are actively taking advantage of the available mortgage options. Furthermore, there are approximately 3.9 thousand outstanding loans in Lamar County, indicating a high level of activity in the local housing market.
The median mortgage rate in Lamar County varies significantly across cities, ranging from 3.96% in Deport to 4.25% in Roxton. This variation in rates can have a significant impact on the cost of a loan, and it is important for potential borrowers to shop around and compare rates in order to get the best deal. Ultimately, Lamar County offers a wide variety of mortgage options, and it is important for borrowers to do their research in order to find the best option for their needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Lamar County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blossom | $15,950 | $33,414 | $67,138 | $109,175 | $184,856 |
| Deport | $12,487 | $25,353 | $46,817 | $101,305 | $160,581 |
| Paris | $16,632 | $35,091 | $72,202 | $134,449 | $208,835 |
| Powderly | $32,767 | $63,929 | $112,281 | $172,843 | $238,937 |
| Reno | $34,380 | $64,492 | $109,892 | $152,157 | $213,699 |
| Roxton | $11,967 | $28,397 | $46,522 | $85,465 | $119,188 |
| Sumner | $13,688 | $40,704 | $77,242 | $142,593 | $165,049 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Lamar County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blossom | 2.98% | 3.55% | 4.13% | 4.80% | 5.75% |
| Deport | 2.90% | 3.43% | 3.96% | 4.60% | 5.38% |
| Paris | 2.90% | 3.52% | 4.10% | 4.93% | 6.11% |
| Powderly | 2.90% | 3.37% | 4.12% | 4.75% | 5.50% |
| Reno | 2.90% | 3.40% | 4.12% | 4.83% | 5.86% |
| Roxton | 3.03% | 3.65% | 4.25% | 5.74% | 6.36% |
| Sumner | 2.94% | 3.53% | 4.00% | 4.85% | 5.12% |
Housing Expenses in Lamar County, Texas
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