Average Tax Assessment in Runnels County
Real Estate Values and Property Tax Valuation in Runnels County, Texas
Runnels County has a total of 4,641 properties with a cumulative value of $391.4M, representing 0.02% of all real estate value in Texas. Property taxes in Runnels County are collected on these properties, amounting to a total of $6.3M. The average Runnels County homeowner pays $1,371 in property taxes, which is lower than the state average of $4,015. The average property tax rate in Runnels County is 1.60%, lower than the state average of 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 | |
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Runnels Appraisal District | (325) 365-3583 |
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 Runnels County
Residential Property Taxes by Cities in Runnels County
Runnels County has an average property tax rate of 1.60%, which is slightly lower than the state average of 1.83%. This rate is applied to all properties in the county, regardless of their location. However, the effective property tax rate can vary significantly across the cities in the county. For example, the city of Winters has the highest effective property tax rate of 1.7%, while the city of Miles has the lowest effective property tax rate of 1.68%. This means that property owners in Winters will pay more in property taxes than those in Miles. Overall, Runnels County has relatively low property tax rates compared to other counties in the state, making it an attractive option for those looking to purchase property in the area.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Runnels 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 Runnels 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 Runnels County
The data from Redfin shows that there is no change in median home price in Runnels County from October 2022 to October 2023. However, there is an increase in home inventory from 22 in October 2022 to 29 in October 2023. This suggests that the housing market in Runnels County is stable and there is an increase in the availability of homes for sale. Overall, the home price trends in Texas remain steady.
Average Home Value in Runnels County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Runnels County
Last updated: November 2023
Percent Change in New Home Listings in Runnels County
Last updated: November 2023
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Mortgage Rates in Runnels County
Runnels County has a total of $39.3 million in outstanding home mortgage loans. This amount represents 422 loans, or about 4.3% of the total home value in the county. The median mortgage rate in Runnels County varies across cities, with Miles having the highest rate at 4.3%, and Winters having the lowest rate at 4.%. This variation in rates across cities can be attributed to the different economic conditions in each city, as well as the different types of mortgages available.
Overall, Runnels County has a relatively high amount of outstanding home mortgage loans, and the variation in rates across cities can be a great benefit to potential home buyers. By shopping around for the best rate, buyers can save money on their mortgage payments and potentially get a better deal. It is important to research the different mortgage options available in Runnels County to ensure that you get the best rate and the best deal.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Runnels County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Runnels County.
Housing Expenses in Runnels County, Texas
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