Average Tax Assessment in Marion County
Real Estate Values and Property Tax Valuation in Marion County, Texas
Marion County has a total of 5,812 properties with a cumulative value of $437.5M. This represents 0.02% of all real estate value in Texas. Property taxes in Marion County totaled $5.0M, with an average of $890 per homeowner, which is significantly lower than the state average of $4,015. The average property tax rate in Marion County is 1.15%, which is lower than the state average of 1.69%. Property values are determined by the local appraisal district for the purpose of calculating property taxes.
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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Marion Appraisal District | (903) 665-2519 |
Marion Tax Office | (903) 665-3281 |
TexasFile Clerk Records | - |
Marion Treasurer | (317) 327-4444 |
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 Marion County
Residential Property Taxes by Cities in Marion County
Marion County has an average property tax rate of 1.15%, which is slightly lower than the state average of 1.18%. This rate is applied to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly from city to city. Ore City has the highest effective property tax rate at 1.22%, while Avinger has the lowest at 1.08%. This means that property owners in Ore City will pay more in taxes than those in Avinger.
Overall, Marion County has a relatively low property tax rate compared to other counties in the state. However, it is important to note that the effective rate can vary significantly from city to city. Property owners should research the effective rate in their city before making any decisions about their taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Marion 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 Marion 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 Marion County
The data from Redfin shows that home prices in Marion County, Texas have seen a significant increase from October 2022 to October 2023. The median home price in October 2023 was $429.0K, which is 127.28% higher than the median home price in October 2022 of $188.8K. This indicates that the housing market in Marion County is experiencing strong growth. Additionally, the home inventory in Marion County has also increased from 46 in October 2022 to 52 in October 2023, suggesting that there is an increased demand for housing in the area.
Average Home Value in Marion County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Marion County
Last updated: November 2023
Percent Change in New Home Listings in Marion County
Last updated: November 2023
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Mortgage Rates in Marion County
Mortgages in Marion County are a significant part of the local economy, with a total outstanding loan amount of $104.8 million across 699 loans. This represents a significant portion of the total home value in the county, and is indicative of the importance of home ownership in Marion County. The median mortgage rate in Marion County varies across cities, with Ore City having the highest rate of 4.25%, and Avinger having the lowest rate of 4.23%. This small variation in rates across cities shows that Marion County is a competitive market for mortgages, and that home buyers can find competitive rates when shopping for a mortgage in the county.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Marion County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Marion County.
Housing Expenses in Marion County, Texas
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