Average Tax Assessment in Montague County
Real Estate Values and Property Tax Valuation in Montague County, Texas
Montague County has a total of 9,201 properties with a cumulative value of $1.5B. This represents 0.07% of all real estate value in Texas. Property taxes in Montague County total $7.1M, with an average property tax rate of 0.48%, which is significantly lower than the state average of 1.69%. The average homeowner in Montague County pays $879 in property taxes, compared to the state average of $4,015. 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 | |
|---|---|
| Montague Appraisal District | (940) 894-2081 |
| Montague Assessor/Collector | (940) 894-3881 |
| 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 Montague County
Residential Property Taxes by Cities in Montague County
Montague County has an average property tax rate of 0.48%, which is lower than the state average of 1.83%. This makes it an attractive place to live for those looking to keep their property taxes low. The city of Nocona has the highest effective property tax rate in the county at 0.91%, while the city of Sunset has the lowest effective property tax rate at 0.29%. This shows that there is a wide range of property tax rates across the county, with some cities having higher rates than others.
Overall, Montague County has a relatively low property tax rate compared to the rest of the state, and the rates vary significantly across the cities. This means that potential homeowners should research the property tax rates in the cities they are considering before making a decision. Knowing the effective property tax rate in each city can help them make an informed decision and save money in the long run.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Montague 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 |
|---|---|---|---|---|---|
| Bowie | $27,790 | $55,585 | $106,680 | $187,900 | $317,368 |
| Forestburg | $32,668 | $75,050 | $183,280 | $371,190 | $639,080 |
| Montague | $32,934 | $67,382 | $142,135 | $266,002 | $446,967 |
| Nocona | $12,492 | $37,040 | $82,055 | $162,892 | $306,003 |
| Saint Jo | $23,040 | $46,472 | $83,270 | $172,782 | $373,465 |
| Sunset | $29,042 | $70,480 | $172,220 | $328,500 | $479,622 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Montague 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 Montague County
The data from Redfin shows that the median home price in Montague County, Texas has decreased by 32.44% from October 2022 to October 2023. This indicates that the housing market in Montague County is experiencing a downward trend in home prices. Additionally, the home inventory in Montague County has increased by 37.21%, suggesting that there is an increase in the number of homes available for sale. This could be due to a decrease in demand for homes in the area, leading to a decrease in home prices.
Average Home Value in Montague County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Montague County
Last updated: November 2023
Percent Change in New Home Listings in Montague County
Last updated: November 2023
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Mortgage Rates in Montague County
Montague County has a total of $241.5M in outstanding home mortgage loans, with 1.8K loans outstanding. This represents a significant portion of the total home value in the county, and is indicative of the strong housing market in the area. The median mortgage rate in Montague County varies significantly across cities, with Saint Jo having the highest rate at 3.95%, and Sunset having the lowest rate at 3.7%. This variation in rates allows homeowners to find the best rate for their particular situation, and helps to ensure that they are able to find a loan that fits their budget. Overall, Montague County has a strong housing market, with a large number of outstanding loans and a wide range of mortgage rates.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Montague County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bowie | $28,376 | $59,194 | $109,189 | $172,055 | $253,541 |
| Forestburg | $50,870 | $75,956 | $116,974 | $196,624 | $233,697 |
| Montague | $31,560 | $50,879 | $121,053 | $188,663 | $244,377 |
| Nocona | $20,952 | $44,701 | $83,844 | $151,549 | $230,748 |
| Saint Jo | $28,097 | $43,655 | $74,016 | $149,528 | $242,043 |
| Sunset | $23,758 | $52,344 | $117,461 | $266,611 | $368,942 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Montague County.
Housing Expenses in Montague County, Texas
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