Average Tax Assessment in Morris County
Real Estate Values and Property Tax Valuation in Morris County, Texas
Morris County has a total of 4,799 properties with a cumulative value of $428.3M, representing 0.02% of all real estate value in Texas. The average property tax rate in Morris County is 1.32%, lower than the state average of 1.69%. A total of $5.7M was collected in property taxes in Morris County across these 4,799 properties, with the average homeowner paying $1,248 in property taxes compared to the state average of $4,015. Property taxes are typically based on the assessed value of the property.
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 | |
|---|---|
| Morris Appraisal District | (903) 645-5601 |
| TexasFile Clerk Records | - |
| Morris Board of Taxation | (973) 285-6707 |
| Morris Assessor | (860) 567-6096 |
| 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 Morris County
Residential Property Taxes by Cities in Morris County
Morris County has an average property tax rate of 1.32%, which is slightly lower than the national average of 1.38%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Morris County are collected by the county government and used to fund public services such as schools, roads, and public safety.
Property tax rates in Morris County vary across cities, with Lone Star having the highest effective rate of 1.68%, and Omaha having the lowest rate of 1.22%. This means that homeowners in Lone Star will pay more in property taxes than those in Omaha. However, the average property tax bill in Morris County is still relatively low at $1,248.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Morris 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 |
|---|---|---|---|---|---|
| Daingerfield | $22,382 | $40,850 | $70,300 | $118,840 | $170,054 |
| Lone Star | $15,970 | $20,430 | $37,110 | $85,480 | $149,550 |
| Naples | $18,612 | $37,155 | $69,140 | $121,435 | $187,760 |
| Omaha | $24,984 | $45,400 | $75,600 | $125,610 | $193,068 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Morris County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Daingerfield | $223 | $480 | $948 | $1,674 | $2,509 |
| Lone Star | $204 | $373 | $638 | $1,432 | $2,587 |
| Naples | $267 | $503 | $998 | $1,814 | $2,912 |
| Omaha | $215 | $503 | $978 | $1,696 | $2,674 |
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 |
|---|---|---|---|---|---|
| Daingerfield | 1.00% | 1.18% | 1.35% | 1.41% | 1.48% |
| Lone Star | 1.28% | 1.83% | 1.72% | 1.68% | 1.73% |
| Naples | 1.43% | 1.35% | 1.44% | 1.49% | 1.55% |
| Omaha | 0.86% | 1.11% | 1.29% | 1.35% | 1.39% |
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Real Estate Values in Morris County
The median home price in Morris County, Texas has remained steady from October 2022 to October 2023, at $224.9K. However, the home inventory in Morris County has increased significantly, from 36 homes in October 2022 to 60 homes in October 2023. This suggests that the housing market in Morris County is becoming more competitive, as more buyers are entering the market.
Average Home Value in Morris County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Morris County
Last updated: November 2023
Percent Change in New Home Listings in Morris County
Last updated: November 2023
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Mortgage Rates in Morris County
Morris County has a total of 856 outstanding home mortgage loans, totaling $74.9 million. 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 Morris County is 4.25%, which is slightly lower than the national average of 4.3%. However, there is a wide variation in mortgage rates across the county, with Omaha having the highest median rate at 4.47%, and Naples having the lowest at 4.03%. This variation in rates can make a significant difference in the total cost of a mortgage, and it is important for potential homebuyers to shop around and compare rates to ensure they are getting the best deal.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Morris County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Daingerfield | $14,398 | $28,569 | $57,265 | $108,815 | $162,404 |
| Lone Star | $8,863 | $17,695 | $58,775 | $110,179 | $177,556 |
| Naples | $13,488 | $31,595 | $71,078 | $126,863 | $208,145 |
| Omaha | $19,129 | $46,386 | $80,407 | $128,379 | $194,140 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Morris County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Daingerfield | 3.00% | 3.68% | 4.30% | 5.46% | 6.25% |
| Lone Star | 3.00% | 3.60% | 4.17% | 5.58% | 6.39% |
| Naples | 2.90% | 3.48% | 4.03% | 5.07% | 6.29% |
| Omaha | 2.99% | 3.60% | 4.47% | 5.53% | 6.22% |
Housing Expenses in Morris County, Texas
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