Average Tax Assessment in Live Oak County
Real Estate Values and Property Tax Valuation in Live Oak County, Texas
Live Oak County has a total of 5,910 properties with a cumulative value of $538.8M, representing 0.03% of all real estate value in Texas. The average property tax rate in Live Oak County is 1.18%, which is lower than the state average of 1.69%. A total of $6.3M was collected in property taxes in Live Oak County across these 5,910 properties, with the average homeowner paying $1,076 in property taxes compared to the state average of $4,015. 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 | |
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Live Oak Appraisal District | (361) 449-2641 |
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 Live Oak County
Residential Property Taxes by Cities in Live Oak County
Live Oak County has an average property tax rate of 1.18%, which is lower than the state average of 1.83%. This makes Live Oak County an attractive place to live for those looking to save on their property taxes. The city with the highest effective property tax rate is Three Rivers, at 1.27%, while the city with the lowest effective property tax rate is Mathis, at 0.71%. This shows that there is a wide range of property tax rates across the cities in Live Oak County, with some cities having higher rates than others. This means that homeowners should research the property tax rates in the cities they are considering before making a decision on where to live. Overall, Live Oak County has a relatively low property tax rate compared to the rest of the state, making it an attractive option for those looking to save on their property taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Live Oak 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 |
---|---|---|---|---|---|
George West | $9,448 | $32,367 | $75,147 | $132,206 | $223,302 |
Mathis | $3,304 | $10,977 | $36,399 | $91,523 | $178,263 |
Sandia | $4,001 | $16,296 | $50,063 | $119,490 | $195,956 |
Three Rivers | $17,510 | $37,211 | $74,188 | $130,177 | $200,671 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Live Oak County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
George West | $87 | $309 | $914 | $1,855 | $3,002 |
Mathis | $7 | $56 | $192 | $545 | $1,216 |
Sandia | $28 | $145 | $551 | $1,427 | $2,461 |
Three Rivers | $162 | $442 | $964 | $1,815 | $2,672 |
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 |
---|---|---|---|---|---|
George West | 0.92% | 0.95% | 1.22% | 1.40% | 1.34% |
Mathis | 0.21% | 0.51% | 0.53% | 0.60% | 0.68% |
Sandia | 0.70% | 0.89% | 1.10% | 1.19% | 1.26% |
Three Rivers | 0.93% | 1.19% | 1.30% | 1.39% | 1.33% |
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Real Estate Values in Live Oak County
The data from Redfin shows that the median home price in Live Oak County, Texas has increased significantly from October 2022 to October 2023, with a 71.67% increase. This indicates that the housing market in Live Oak County is strong and that home prices are on the rise. Additionally, the home inventory in Live Oak County has also increased from 35 in October 2022 to 38 in October 2023, indicating that there is an increased demand for housing in the area.
Average Home Value in Live Oak County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Live Oak County
Last updated: November 2023
Percent Change in New Home Listings in Live Oak County
Last updated: November 2023
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Mortgage Rates in Live Oak County
Live Oak County has a total of $91.2M in outstanding home mortgage loans. This represents 727 loans, or approximately 0.4% of the total home value in the county. The median mortgage rate in Live Oak County varies across cities, with George West having the highest rate of 4.16% and Sandia having the lowest rate of 3.95%. This variation in rates across cities provides potential home buyers with the opportunity to shop around and find the best deal for their needs.
Overall, the mortgage market in Live Oak County is strong, with a total of $91.2M in outstanding loans and a wide range of rates available. This provides potential home buyers with the opportunity to find the best deal for their needs, while also providing lenders with a steady stream of business. With the right research and planning, home buyers in Live Oak County can find the perfect mortgage to fit their budget and lifestyle.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Live Oak County by city.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
George West | $30,659 | $53,489 | $101,969 | $159,116 | $222,470 |
Mathis | $18,666 | $56,840 | $113,373 | $151,424 | $319,659 |
Sandia | $35,556 | $53,163 | $97,942 | $193,641 | $281,727 |
Three Rivers | $29,946 | $62,379 | $93,042 | $150,989 | $202,302 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Live Oak County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
George West | 2.98% | 3.55% | 4.16% | 5.03% | 6.06% |
Mathis | 2.96% | 3.58% | 4.02% | 4.97% | 6.13% |
Sandia | 2.91% | 3.52% | 3.95% | 4.53% | 5.80% |
Three Rivers | 2.88% | 3.43% | 4.03% | 4.79% | 5.78% |
Housing Expenses in Live Oak County, Texas
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