Average Tax Assessment in Limestone County
Real Estate Values and Property Tax Valuation in Limestone County, Texas
Limestone County has a total of 10,454 properties with a cumulative value of $1.1B, representing 0.05% of all real estate value in Texas. The average property tax rate in Limestone County is 1.51%, lower than the state average of 1.69%. Property taxes in Limestone County totaled $15.9M, with the average homeowner paying $1,576 in property taxes compared to the state average of $4,015. Property values for tax purposes are determined by the local appraisal district.
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 | |
|---|---|
| Limestone Clerk | (254) 729-5504 |
| Limestone Judge of Probate | (256) 233-6427 |
| 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 Limestone County
Residential Property Taxes by Cities in Limestone County
Limestone County has an average property tax rate of 1.51%, which is slightly lower than the state average of 1.83%. This rate is applied to all property owners in the county, regardless of the city they live in. However, there is some variation in the effective property tax rate across the cities in Limestone County. The city with the highest effective property tax rate is Jewett, at 1.65%, while the city with the lowest effective property tax rate is Coolidge, at 1.12%. This means that property owners in Jewett will pay more in property taxes than those in Coolidge. Overall, Limestone County has a relatively low property tax rate compared to other counties in the state, making it an attractive option for those looking to purchase property in the area.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Limestone 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 |
|---|---|---|---|---|---|
| Coolidge | $9,506 | $23,220 | $41,950 | $111,920 | $237,320 |
| Groesbeck | $14,612 | $31,882 | $68,435 | $155,175 | $273,719 |
| Jewett | $10,864 | $37,450 | $85,870 | $189,270 | $295,088 |
| Kosse | $10,704 | $26,385 | $62,990 | $143,880 | $282,072 |
| Mexia | $11,917 | $26,030 | $50,915 | $103,915 | $174,444 |
| Thornton | $17,292 | $40,922 | $95,715 | $205,185 | $313,135 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Limestone 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 Limestone County
The median home price in Limestone County, Texas decreased by 13.7% from October 2022 to October 2023. This decrease in home prices is likely due to an increase in home inventory, as the number of homes available for sale increased from 78 in October 2022 to 88 in October 2023. This trend is reflective of the overall housing market in Texas, which has seen a decrease in home prices due to an increase in inventory.
Average Home Value in Limestone County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Limestone County
Last updated: November 2023
Percent Change in New Home Listings in Limestone County
Last updated: November 2023
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Mortgage Rates in Limestone County
Mortgages in Limestone County are a major factor in the local economy. There is a total of $185.3 million in outstanding loans across the county, representing 1.8 thousand individual loans. This amount is equivalent to approximately 10% of the total home value in the county. The median mortgage rate in Limestone County varies significantly across cities, with Thornton having the highest rate at 4.44% and Kosse having the lowest rate at 3.82%. This variation in rates can make a significant difference in the amount of money a homeowner pays each month. It is important for potential homebuyers to research the rates in their area to ensure they are getting the best deal possible.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Limestone County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coolidge | $19,988 | $32,233 | $57,589 | $87,938 | $159,747 |
| Groesbeck | $14,402 | $37,215 | $83,750 | $145,240 | $226,486 |
| Jewett | $31,579 | $58,513 | $112,621 | $188,319 | $296,575 |
| Kosse | $21,337 | $38,654 | $92,593 | $163,609 | $262,548 |
| Mexia | $13,226 | $28,159 | $59,065 | $108,728 | $162,325 |
| Thornton | $21,014 | $54,753 | $105,757 | $181,877 | $247,859 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Limestone County.
Housing Expenses in Limestone County, Texas
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