Average Tax Assessment in Red River County
Real Estate Values and Property Tax Valuation in Red River County, Texas
Red River County has a total of 5,865 properties with a cumulative value of $621.6M. This represents 0.03% of all real estate value in Texas. Property taxes in Red River County amount to $3.5M, with an average homeowner paying $680 in property taxes compared to the state average of $4,015. The average property tax rate in Red River County is 0.57%, while the state average is 1.69%. Properties are valued for tax purposes based on their 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 | - |
| Red River Appraisal District | (903) 427-4181 |
| Red River Clerk | (903) 427-2401 |
| Red River Clerk of Court | (318) 932-6741 |
| 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 Red River County
Residential Property Taxes by Cities in Red River County
Red River County has an average property tax rate of 0.57%, which is lower than the state average of 1.19%. This makes Red River County an attractive place to live for those looking to save on property taxes. The average property tax bill in Red River County is $680, which is significantly lower than the state average of $2,400.
Property tax rates vary across the cities in Red River County. The city with the highest effective property tax rate is Bogata at 0.71%, while the city with the lowest effective property tax rate is Bagwell at 0.36%. This means that property owners in Bogata will pay more in taxes than those in Bagwell. However, the difference in taxes is not significant enough to make a major impact on the overall cost of living in Red River County.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Red River 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 |
|---|---|---|---|---|---|
| Annona | $9,500 | $23,810 | $50,091 | $100,222 | $213,675 |
| Avery | $13,110 | $36,382 | $78,788 | $157,572 | $268,177 |
| Bagwell | $19,672 | $47,312 | $92,492 | $174,116 | $313,716 |
| Bogata | $7,836 | $28,385 | $62,828 | $124,881 | $232,996 |
| Clarksville | $8,240 | $22,608 | $49,202 | $90,459 | $167,378 |
| Detroit | $10,329 | $36,562 | $88,812 | $163,788 | $293,983 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Red River 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 Red River County
The median home price in Red River County, Texas has remained steady at $132.0K from October 2022 to October 2023. However, the home inventory in the county has increased significantly from 12 in October 2022 to 23 in October 2023, indicating an increase in housing demand in the area. This could be an indication of a potential increase in home prices in the near future.
Average Home Value in Red River County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Red River County
Last updated: November 2023
Percent Change in New Home Listings in Red River County
Last updated: November 2023
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Mortgage Rates in Red River County
Red River County has a total of $57.4M in outstanding home mortgage loans. This amount represents 635 individual loans, which is a significant portion of the total home value in the county. The median mortgage rate in Red River County varies across cities, with Clarksville having the highest rate of 4.34%, and Bogata having the lowest rate of 4.15%. This variation in rates can be attributed to the different economic conditions in each city, as well as the different types of loans available.
Overall, the mortgage market in Red River County is strong, with a large number of outstanding loans and a wide range of rates. This provides potential home buyers with a variety of options when it comes to financing their purchase. With the right loan, buyers can find a mortgage that fits their budget and provides them with the best possible terms.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Red River County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Annona | $13,300 | $19,609 | $55,602 | $113,515 | $176,970 |
| Avery | $19,842 | $40,028 | $69,083 | $117,159 | $188,290 |
| Bagwell | $29,506 | $35,316 | $58,449 | $121,247 | $212,153 |
| Bogata | $18,586 | $34,058 | $74,311 | $123,753 | $202,242 |
| Clarksville | $13,694 | $21,051 | $45,973 | $91,311 | $173,084 |
| Detroit | $18,170 | $30,602 | $54,188 | $127,980 | $173,299 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Red River County.
Housing Expenses in Red River County, Texas
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