Average Tax Assessment in Nolan County
Real Estate Values and Property Tax Valuation in Nolan County, Texas
Nolan County has a total of 5,987 properties with a cumulative value of $448.4M, representing 0.02% of all real estate value in Texas. The average property tax rate in Nolan County is 1.87%, higher than the state average of 1.69%. A total of $8.4M was collected in property taxes in Nolan County across these 5,987 properties, with the average homeowner paying $1,434 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 | |
|---|---|
| Nolan Appraisal District | (325) 235-8421 |
| Nolan Clerk | (325) 235-2462 |
| 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 Nolan County
Residential Property Taxes by Cities in Nolan County
Nolan County has an average property tax rate of 1.87%, which is slightly lower than the state average of 2.06%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Nolan County are collected by the county and distributed to the cities and other local entities.
Property tax rates vary across the cities in Nolan County. Roscoe has the highest effective property tax rate at 2%, while Sweetwater has the lowest at 1.92%. Property taxes in Roscoe are higher than the county average, while Sweetwater's rate is slightly lower. Property taxes in other cities in the county fall somewhere in between these two extremes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Nolan 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 |
|---|---|---|---|---|---|
| Roscoe | $15,340 | $32,190 | $59,540 | $109,680 | $170,272 |
| Sweetwater | $12,710 | $26,120 | $49,290 | $92,980 | $161,870 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Nolan County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Roscoe | $298 | $634 | $1,295 | $2,300 | $3,612 |
| Sweetwater | $239 | $462 | $942 | $1,839 | $3,223 |
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 |
|---|---|---|---|---|---|
| Roscoe | 1.94% | 1.97% | 2.18% | 2.10% | 2.12% |
| Sweetwater | 1.88% | 1.77% | 1.91% | 1.98% | 1.99% |
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Real Estate Values in Nolan County
The data from Redfin shows that the median home price in Nolan County, Texas has increased significantly from October 2022 to October 2023, with a 50.53% increase. This indicates that the housing market in Nolan County is strong and that home prices are rising. Additionally, the home inventory in Nolan County has also increased significantly, from 19 in October 2022 to 77 in October 2023, indicating that there is an increased demand for housing in the area.
Average Home Value in Nolan County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Nolan County
Last updated: November 2023
Percent Change in New Home Listings in Nolan County
Last updated: November 2023
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Mortgage Rates in Nolan County
Nolan County has a total of $101.9 million in outstanding home mortgage loans. This represents 1.1 thousand loans, or about 4.3% of the total home value in the county. The median mortgage rate in Nolan County varies across cities, with Roscoe having the highest rate of 4.19%, and Sweetwater having the lowest rate of 4.19%. This variation in rates across cities demonstrates the importance of researching and comparing mortgage rates before making a decision on a loan.
Overall, the total outstanding loan amount in Nolan County is relatively low when compared to the total home value in the county. This suggests that the majority of homeowners in the county are able to pay off their mortgages in full, or are able to make regular payments on their loans. Additionally, the variation in mortgage rates across cities provides homeowners with the opportunity to find the best rate for their loan.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Nolan County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Roscoe | $22,024 | $34,543 | $69,666 | $116,385 | $162,010 |
| Sweetwater | $16,653 | $37,342 | $72,068 | $121,914 | $175,768 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Nolan County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Roscoe | 2.98% | 3.60% | 4.19% | 5.61% | 6.37% |
| Sweetwater | 2.90% | 3.59% | 4.19% | 5.11% | 6.22% |
Housing Expenses in Nolan County, Texas
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