Average Tax Assessment in Potter County
Real Estate Values and Property Tax Valuation in Potter County, Texas
Potter County has 38,613 properties with a cumulative value of $4.2B, representing 0.20% of all real estate value in Texas. Property taxes in Potter County totaled $82.6M, with an average homeowner paying $2,143 in property taxes compared to the state average of $4,015. The average property tax rate in Potter County is 1.96%, higher 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 | |
|---|---|
| TexasFile Clerk Records | - |
| Potter Appraisal District | (806) 358-1601 |
| Potter Tax Assessor/Collector | - |
| Potter Assessor | (814) 274-0488 |
| 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 Potter County
Residential Property Taxes by Cities in Potter County
Potter County has an average property tax rate of 1.96%, which is slightly lower than the state average of 2.06%. This rate is applied to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly from city to city. For example, the city of Amarillo has the highest effective property tax rate in the county at 1.97%, while other cities may have lower rates. This means that property owners in Amarillo may pay more in taxes than those in other cities.
Overall, Potter County has a relatively low property tax rate compared to other counties in the state. However, it is important to note that the effective property tax rate can vary significantly from city to city, so it is important to research the rates in each city before making a decision on where to purchase property.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Potter 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 |
|---|---|---|---|---|---|
| Amarillo | $14,683 | $40,637 | $75,423 | $131,268 | $223,608 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Potter County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amarillo | $215 | $756 | $1,532 | $2,580 | $4,225 |
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 |
|---|---|---|---|---|---|
| Amarillo | 1.46% | 1.86% | 2.03% | 1.97% | 1.89% |
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Real Estate Values in Potter County
The data from Redfin shows that the median home price in Potter County, Texas has increased significantly from October 2022 to October 2023, with a 124.75% increase. This indicates that the housing market in Potter County is booming, with a significant increase in demand for homes. Additionally, the home inventory in Potter County has also increased from 255 in October 2022 to 325 in October 2023, indicating that there is an increased availability of homes in the area. This suggests that the housing market in Potter County is healthy and growing.
Average Home Value in Potter County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Potter County
Last updated: November 2023
Percent Change in New Home Listings in Potter County
Last updated: November 2023
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Mortgage Rates in Potter County
Mortgages in Potter County are a major part of the local economy, with a total outstanding loan amount of $1.4 billion across 12.7 thousand loans. This represents a significant portion of the total home value in the county, and shows the importance of home ownership in the area.
The median mortgage rate in Potter County varies across cities, with Amarillo having the highest median rate of 4%. This rate is slightly higher than the national average, but still remains relatively low. This variation in rates across counties shows that there are still opportunities for potential homeowners to find a good deal in Potter County.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Potter County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amarillo | $24,336 | $43,544 | $78,422 | $138,188 | $226,722 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Potter County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amarillo | 2.90% | 3.43% | 4.00% | 4.83% | 6.10% |
Housing Expenses in Potter County, Texas
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