Average Tax Assessment in Reeves County
Real Estate Values and Property Tax Valuation in Reeves County, Texas
Reeves County has a total of 3,865 properties with a cumulative value of $383.0M. This represents 0.02% of all real estate value in Texas. Property taxes in Reeves County totaled $5.4M, with an average property tax rate of 1.41%, lower than the state average of 1.69%. The average homeowner in Reeves County pays $1,416 in property taxes, significantly lower than the state average of $4,015. Property taxes are 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 | |
|---|---|
| Reeves Tax Office | (432) 445-5473 |
| Reeves Appraisal District | (432) 445-5122 |
| 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 Reeves County
Residential Property Taxes by Cities in Reeves County
Reeves County has an average property tax rate of 1.41%, which is slightly lower than the state average of 1.45%. 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 Pecos has an effective property tax rate of 1.42%, which is slightly higher than the county average. This means that property owners in Pecos pay slightly more in taxes than those in other parts of the county.
Overall, Reeves County has a relatively low property tax rate compared to other counties in the state. This is beneficial for property owners, as it allows them to keep more of their hard-earned money. 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 purchase.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Reeves 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 |
|---|---|---|---|---|---|
| Pecos | $17,400 | $34,728 | $61,970 | $110,822 | $188,590 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Reeves County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Pecos | $98 | $331 | $827 | $1,622 | $2,953 |
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 |
|---|---|---|---|---|---|
| Pecos | 0.56% | 0.95% | 1.33% | 1.46% | 1.57% |
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Real Estate Values in Reeves County
The median home price in Reeves County, Texas, has remained steady at $110.0K from October 2022 to October 2023. However, the home inventory in Reeves County has decreased from 29 in October 2022 to 24 in October 2023. This suggests that the demand for homes in Reeves County has increased, leading to a decrease in the number of homes available for sale.
Average Home Value in Reeves County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Reeves County
Last updated: November 2023
Percent Change in New Home Listings in Reeves County
Last updated: November 2023
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Mortgage Rates in Reeves County
There are currently no outstanding home mortgage loans in Reeves County. This is likely due to the fact that the median home value in the county is relatively low, making it difficult for potential borrowers to qualify for a loan. Additionally, the median mortgage rate in Reeves County is not significantly different from the median mortgage rate in other counties in the area, so there is not much incentive for potential borrowers to seek out a loan in Reeves County.
Overall, the mortgage market in Reeves County is relatively small and inactive. This is likely due to the fact that the median home value in the county is lower than the median home value in other counties in the area, making it difficult for potential borrowers to qualify for a loan. Additionally, the median mortgage rate in Reeves County is not significantly different from the median mortgage rate in other counties in the area, so there is not much incentive for potential borrowers to seek out a loan in Reeves County.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Reeves County by city.
We currently do not have this data but we are working to add this soon.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Reeves County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Reeves County, Texas
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