Average Tax Assessment in McCulloch County
Real Estate Values and Property Tax Valuation in McCulloch County, Texas
McCulloch County has a total of 3,529 properties with a cumulative value of $284.6M, representing 0.01% of all real estate value in Texas. Property taxes in McCulloch County amount to $4.5M, with an average homeowner paying $1,313 in property taxes compared to the state average of $4,015. The average property tax rate in McCulloch County is 1.59%, lower than the state average of 1.69%. Property taxes are calculated 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 | |
|---|---|
| McCulloch Appraisal District | (325) 597-1627 |
| TexasFile Clerk Records | - |
| 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 McCulloch County
Residential Property Taxes by Cities in McCulloch County
McCulloch County has an average property tax rate of 1.59%, which is slightly lower than the state average of 1.81%. This means that the average McCulloch County property tax bill is $1,313, which is lower than the state average of $1,541. Property tax rates in McCulloch County vary across cities, with Brady having the highest effective property tax rate of 1.67% and Rochelle having the lowest effective property tax rate of 1.18%. This means that the average property tax bill in Brady is $1,360, while the average property tax bill in Rochelle is $1,092. Overall, McCulloch County has relatively low property tax rates compared to the rest of the state, and the rates vary across cities.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in McCulloch 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 McCulloch 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 McCulloch County
The data from Redfin indicates that home prices in McCulloch County, Texas have decreased significantly from October 2022 to October 2023. The median home price in October 2023 was $123.2K, which is a decrease of 26.42% from the median home price of $167.5K in October 2022. Additionally, the home inventory in McCulloch County decreased from 32 in October 2022 to 24 in October 2023. This suggests that the housing market in McCulloch County is becoming more competitive, as fewer homes are available for sale.
Average Home Value in McCulloch County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in McCulloch County
Last updated: November 2023
Percent Change in New Home Listings in McCulloch County
Last updated: November 2023
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Mortgage Rates in McCulloch County
McCulloch County has a total of $43.6M in outstanding home mortgage loans. This amount represents 411 individual loans, which is a significant portion of the total home value in the county. The median mortgage rate in McCulloch County varies significantly across cities, with the highest rate in Rochelle at 4.06% and the lowest rate in Brady at 3.92%. This variation in rates can have a significant impact on the affordability of mortgages for potential home buyers in the county. It is important for potential home buyers to research the mortgage 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 McCulloch County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across McCulloch County.
Housing Expenses in McCulloch County, Texas
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