Average Tax Assessment in Parmer County
Real Estate Values and Property Tax Valuation in Parmer County, Texas
Parmer County has a total of 3,003 properties with a cumulative value of $288.3M, representing 0.01% of all real estate value in Texas. The average property tax rate in Parmer County is 1.63%, lower than the state average of 1.69%. Property taxes in Parmer County totaled $4.7M, with the average homeowner paying $1,631 in property taxes compared to the state average of $4,015. Property values for tax purposes are 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.
Updated November 01, 2023
| Important Links | |
|---|---|
| Parmer Appraisal District | (806) 251-1405 |
| 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 Parmer County
Residential Property Taxes by Cities in Parmer County
Parmer County has an average property tax rate of 1.63%, which is slightly lower than the state average of 1.81%. This rate is applied to all properties in the county, regardless of their location. However, the effective property tax rate can vary significantly across the cities in Parmer County. For example, Friona has the highest effective property tax rate at 1.73%, while Bovina has the lowest rate at 1.54%. This means that property owners in Friona will pay more in taxes than those in Bovina.
Overall, Parmer County has a relatively low property tax rate compared to other counties in Texas. However, it is important to note that the effective property tax rate can vary significantly across the cities in the county. Property owners should research the effective property tax rate in their city before making any decisions about buying or selling property in Parmer County.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Parmer 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 Parmer 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 Parmer County
The median home price in Parmer County, Texas has remained unchanged from October 2022 to October 2023, according to Redfin. Home inventory in the county has also remained the same over the same period. This suggests that the housing market in Parmer County is relatively stable, with no significant changes in home prices or inventory.
Average Home Value in Parmer County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Parmer County
Last updated: November 2023
Percent Change in New Home Listings in Parmer County
Last updated: November 2023
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Mortgage Rates in Parmer County
Parmer County has a total of $80.6 million in outstanding home mortgage loans. This represents 658 individual loans, or an average of $122,000 per loan. This amount is equivalent to approximately 10.3% of the total home value in the county.
The median mortgage rate in Parmer County varies across cities, with Bovina having the highest rate at 4.38%, and Friona having the lowest rate at 4.15%. This difference of 0.23% may not seem like much, but it can make a significant difference in the total cost of a loan over the life of the loan. It is important for potential homebuyers to shop around and compare rates in order to get the best deal.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Parmer County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Parmer County.
Housing Expenses in Parmer County, Texas
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