Average Tax Assessment in Rains County
Real Estate Values and Property Tax Valuation in Rains County, Texas
Rains County has a total of 7,595 properties with a cumulative value of $1.0B. This represents 0.05% of all real estate value in Texas. The average property tax rate in Rains County is 1.13%, which is lower than the state average of 1.69%. A total of $11.8M was collected in property taxes in Rains County across these 7,595 properties, with the average homeowner paying $1,725 in property taxes compared to the state average of $4,015. Property taxes are based on the assessed value of the property, which is determined by the local tax assessor.
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 | |
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Rains Appraisal District | (903) 473-2391 |
TexasFile Clerk Records | - |
Important Dates | |
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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 | |
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Early Payment Discount | |
Senior | Available |
Disabled | Available |
Homestead | Available |
Veteran | Available |
Solar/Wind | Available |
Charitable | Available |
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Real Estate Statistics in Rains County
Residential Property Taxes by Cities in Rains County
Rains County has an average property tax rate of 1.13%, which is slightly lower than the state average of 1.17%. Property taxes in Rains County are collected to fund local services such as schools, police and fire departments, and other public services. The average property tax bill in Rains County is $1,725, which is slightly lower than the state average of $1,845.
Property tax rates in Rains County vary across cities. The city with the highest effective property tax rate is Point, at 1.19%, while the city with the lowest effective property tax rate is Lone Oak, at 0.87%. This means that property owners in Point pay a higher rate than those in Lone Oak. However, the difference in rates is relatively small, and property owners in both cities benefit from the lower-than-average property tax rate in Rains County.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Rains 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 Rains 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 Rains County
The median home price in Rains County, Texas has remained steady from October 2022 to October 2023, at $380.0K. However, the home inventory in Rains County has increased from 70 in October 2022 to 88 in October 2023, indicating an increase in demand for housing in the area. This suggests that home prices in Rains County may be on the rise in the near future.
Average Home Value in Rains County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Rains County
Last updated: November 2023
Percent Change in New Home Listings in Rains County
Last updated: November 2023
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Mortgage Rates in Rains County
Rains County has an outstanding loan amount of $199.1M across home mortgages. This is equivalent to 1.2K outstanding loans in the county. The median mortgage rate in Rains County varies across cities, with Alba having the highest median mortgage rate at 3.92% and Point having the lowest median mortgage rate at 3.85%. This is a difference of 0.07%. The total outstanding loan amount across home mortgages in Rains County is equivalent to approximately 11.3% of the total home value in the county. This indicates that the majority of homeowners in Rains County have mortgages.
The variation in mortgage rates across cities in Rains County is relatively small, with the highest median mortgage rate being 0.07% higher than the lowest. This indicates that the mortgage market in Rains County is relatively stable, with lenders offering competitive rates to borrowers. This is beneficial for homeowners in Rains County, as they can be assured of getting competitive rates when taking out a mortgage.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Rains County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Rains County.
Housing Expenses in Rains County, Texas
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