Average Tax Assessment in Reagan County
Real Estate Values and Property Tax Valuation in Reagan County, Texas
Reagan County has a total of 1,636 properties with a cumulative value of $100.8M. This accounts for 0.005% of all real estate value in Texas. Property taxes in Reagan County totaled $1.7M, with an average homeowner paying $1,083 in property taxes compared to the state average of $4,015. The average property tax rate in Reagan County is 1.68%, slightly lower 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 | |
|---|---|
| Reagan Appraisal District | (325) 884-3275 |
| 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 Reagan County
Residential Property Taxes by Cities in Reagan County
Reagan County has an average property tax rate of 1.68%, which is slightly lower than the state average of 1.73%. This rate applies to all cities in the county, including Big Lake, which has the highest effective property tax rate of 1.71%. Property taxes in Reagan County are relatively low compared to other counties in the state, making it an attractive option for homeowners.
Property taxes in Reagan County vary across cities, with Big Lake having the highest effective property tax rate of 1.71%. This rate is slightly higher than the county average, but still lower than the state average. Other cities in the county have lower effective property tax rates, making them more attractive to potential homeowners. Property taxes in Reagan County are generally lower than the state average, making it an attractive option for homeowners.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Reagan 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 |
|---|---|---|---|---|---|
| Big Lake | $7,930 | $17,234 | $32,883 | $70,410 | $139,815 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Reagan County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Lake | $136 | $300 | $585 | $1,226 | $2,554 |
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 |
|---|---|---|---|---|---|
| Big Lake | 1.72% | 1.74% | 1.78% | 1.74% | 1.83% |
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Real Estate Values in Reagan County
The data from Redfin indicates that the median home price in Reagan County has not changed from October 2022 to October 2023. However, the home inventory in Reagan County has increased significantly from 2 in October 2022 to 7 in October 2023. This suggests that the housing market in Reagan County is becoming more competitive, as more homes are available for purchase. This trend is consistent with the overall housing market in Texas, which has seen an increase in home prices and a decrease in inventory over the past few years.
Average Home Value in Reagan County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Reagan County
Last updated: November 2023
Percent Change in New Home Listings in Reagan County
Last updated: November 2023
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Mortgage Rates in Reagan County
Reagan County has a total of $19.6 million in outstanding home mortgage loans. This represents a significant amount of money, as it is nearly equal to the total value of all homes in the county. The number of outstanding loans in Reagan County is 187, which is a relatively small number compared to other counties in the state.
The median mortgage rate in Reagan County is 4.25%, which is slightly lower than the national average. However, there is a significant variation in mortgage rates across the county. For example, the median mortgage rate in Big Lake is 4.25%, while the median mortgage rate in other cities in the county can be as high as 4.75%. This variation in mortgage rates can have a significant impact on the affordability of homes in Reagan County.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Reagan County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Lake | $27,907 | $51,293 | $90,437 | $142,885 | $195,799 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Reagan County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Lake | 3.14% | 3.64% | 4.25% | 5.42% | 6.28% |
Housing Expenses in Reagan County, Texas
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