Average Tax Assessment in Mason County

Mason County has 1,967 properties with a cumulative value of $379.1M, representing 0.02% of all real estate value in Texas. Property taxes in Mason County totaled $3.9M, with an average homeowner paying $2,075 in property taxes compared to the state average of $4,015. The average property tax rate in Mason County is 1.03%, lower than the state average of 1.69%. Properties are valued for tax purposes based on their market value, which is 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.

Mason County has an average property tax rate of 1.03%, which is slightly lower than the average rate for the rest of the county. This rate is applied to all properties in the county, regardless of their location. However, the effective property tax rate can vary across the cities in Mason County. The city of Mason has the highest effective property tax rate of 1.04%, while other cities in the county have lower rates. This means that property owners in Mason may pay slightly more in taxes than those in other cities in the county.

Overall, Mason County has a relatively low property tax rate compared to other counties in the state. Property owners in Mason County can expect to pay an average of $2,075 in property taxes in 2023, which is lower than the average for the rest of the county. However, the effective property tax rate can vary across the cities in Mason County, so it is important to research the rates in each city before making a decision on where to purchase property.

The data from Redfin indicates that the median home price in Mason County has not changed from October 2022 to October 2023. However, the home inventory in Mason County has increased from 22 in October 2022 to 27 in October 2023. This suggests that the housing market in Mason County is becoming more competitive, as more homes are available for purchase. This trend is consistent with the overall trend in Texas, where the housing market is becoming increasingly competitive as more homes become available.

Mason County has a total of 58 outstanding home mortgage loans, with an outstanding loan amount of $8.7 million. This represents a significant portion of the total home value in the county, as the median home value in Mason County is estimated to be around $200,000. The median mortgage rate in Mason County is 3.07%, which is lower than the national average of 3.73%. This indicates that Mason County is a relatively affordable place to purchase a home.

The mortgage rates in Mason County vary from county to county, with some counties having higher rates than others. For example, the median mortgage rate in Mason County is 3.07%, while the median mortgage rate in neighboring Thurston County is 3.37%. This difference in rates can make a significant difference in the amount of money a homeowner pays in interest over the life of the loan. It is important for potential homebuyers to research the mortgage rates in the area they are considering purchasing a home in order to get the best deal possible.