Average Tax Assessment in Randall County
Real Estate Values and Property Tax Valuation in Randall County, Texas
Randall County has a total of 51,100 properties with a cumulative value of $9.4B, representing 0.44% of all real estate value in Texas. Property taxes in Randall County totaled $178.5M, with the average homeowner paying $3,497 in property taxes, which is lower than the state average of $4,015. The average property tax rate in Randall County is 1.89%, 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 | - |
| Randall Appraisal District | (806) 358-1601 |
| Randall Tax Office | (806) 468-5540 |
| 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 Randall County
Residential Property Taxes by Cities in Randall County
Randall County has an average property tax rate of 1.89%, 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. The average property tax bill in Randall County is $3,497, which is slightly lower than the state average of $3,566.
Property tax rates vary across the cities in Randall County. Amarillo has the highest effective property tax rate at 1.92%, while Canyon has the lowest effective property tax rate at 1.75%. This means that property owners in Amarillo will pay more in taxes than those in Canyon. However, the difference in rates is not significant enough to make a major impact on the overall property tax burden in Randall County.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Randall 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 Randall 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 Randall County
The data from Redfin shows that the median home price in Randall County, Texas has increased by 8.57% from October 2022 to October 2023. This indicates that the housing market in Randall County is strong and that home prices are continuing to rise. Additionally, the home inventory in Randall County has increased by 106 homes from October 2022 to October 2023, indicating that there is an increased demand for housing in the area. This suggests that the housing market in Randall County is healthy and that home prices are likely to continue to rise in the future.
Average Home Value in Randall County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Randall County
Last updated: November 2023
Percent Change in New Home Listings in Randall County
Last updated: November 2023
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Mortgage Rates in Randall County
Randall County has an outstanding loan amount of $4.3 billion across home mortgages. This represents 24,100 outstanding loans in the county, which is a significant portion of the total home value. The median mortgage rate in Randall County varies across cities, with Amarillo having the highest rate at 3.94%, and Canyon having the lowest rate at 3.89%. This difference in rates can have a significant impact on the total cost of a mortgage, and it is important for potential homeowners to compare rates across cities before making a decision. Overall, Randall County has a large amount of outstanding loans, and the variation in rates across cities can have a significant impact on the total cost of a mortgage.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Randall County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Randall County.
Housing Expenses in Randall County, Texas
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