Average Tax Assessment in Rusk County
Real Estate Values and Property Tax Valuation in Rusk County, Texas
Rusk County has a total of 20,079 properties with a cumulative value of $2.1B. This represents 0.10% of all real estate value in Texas. The total amount of property taxes collected in Rusk County is $28.7M, with an average property tax rate of 1.36%, which is lower than the state average of 1.69%. The average homeowner in Rusk County pays $1,454 in property taxes compared to 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 | |
|---|---|
| Rusk Appraisal District | (903) 657-3578 |
| Rusk Tax Office | (903) 657-0315 |
| TexasFile Clerk Records | - |
| Rusk Property Lister | (715) 532-2143 |
| 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 Rusk County
Residential Property Taxes by Cities in Rusk County
Rusk County has an average property tax rate of 1.36%, which is slightly lower than the state average of 1.83%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average property tax bill in Rusk County is $1,454. Property tax rates vary across the cities in the county, with Kilgore having the highest effective property tax rate of 1.67%, and Garrison having the lowest effective property tax rate of 0.61%.
Overall, Rusk County has a relatively low property tax rate compared to other counties in the state. However, the rates do vary across the cities, so it is important to research the rates in each city before making a decision on where to purchase a property. Knowing the effective property tax rate in each city can help you make an informed decision and ensure that you are paying the lowest amount of taxes possible.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Rusk 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 |
|---|---|---|---|---|---|
| Garrison | $5,116 | $15,810 | $46,320 | $108,460 | $229,946 |
| Henderson | $14,768 | $39,630 | $87,180 | $154,470 | $234,934 |
| Kilgore | $20,826 | $53,870 | $99,050 | $151,300 | $238,468 |
| Laneville | $11,568 | $27,660 | $79,640 | $152,180 | $248,342 |
| Longview | $16,460 | $48,030 | $100,010 | $142,670 | $206,540 |
| Mount Enterprise | $7,802 | $19,510 | $57,940 | $121,400 | $215,854 |
| Overton | $11,527 | $25,395 | $57,680 | $112,960 | $176,710 |
| Tatum | $5,942 | $19,215 | $60,400 | $141,655 | $223,366 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Rusk County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Garrison | $21 | $64 | $238 | $675 | $1,292 |
| Henderson | $131 | $435 | $1,127 | $2,126 | $3,372 |
| Kilgore | $202 | $685 | $1,656 | $2,891 | $4,160 |
| Laneville | $85 | $209 | $672 | $1,522 | $2,275 |
| Longview | $229 | $571 | $1,480 | $2,453 | $3,681 |
| Mount Enterprise | $49 | $152 | $492 | $1,234 | $2,063 |
| Overton | $126 | $346 | $872 | $1,899 | $3,187 |
| Tatum | $65 | $183 | $629 | $1,865 | $3,260 |
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 |
|---|---|---|---|---|---|
| Garrison | 0.41% | 0.40% | 0.51% | 0.62% | 0.56% |
| Henderson | 0.89% | 1.10% | 1.29% | 1.38% | 1.44% |
| Kilgore | 0.97% | 1.27% | 1.67% | 1.91% | 1.74% |
| Laneville | 0.73% | 0.76% | 0.84% | 1.00% | 0.92% |
| Longview | 1.39% | 1.19% | 1.48% | 1.72% | 1.78% |
| Mount Enterprise | 0.63% | 0.78% | 0.85% | 1.02% | 0.96% |
| Overton | 1.09% | 1.36% | 1.51% | 1.68% | 1.80% |
| Tatum | 1.09% | 0.95% | 1.04% | 1.32% | 1.46% |
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Real Estate Values in Rusk County
The data from Redfin shows that the median home price in Rusk County, Texas decreased by 14.58% from October 2022 to October 2023. This indicates that the housing market in Rusk County is cooling off, as the median home price dropped from $295.0K to $252.0K. Additionally, the home inventory in Rusk County increased from 98 in October 2022 to 142 in October 2023, suggesting that there is more housing supply in the area. Overall, the data from Redfin indicates that the housing market in Rusk County, Texas is cooling off, with a decrease in median home prices and an increase in home inventory.
Average Home Value in Rusk County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Rusk County
Last updated: November 2023
Percent Change in New Home Listings in Rusk County
Last updated: November 2023
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Mortgage Rates in Rusk County
Rusk County has a total outstanding loan amount of $460.4M across home mortgages. This represents a significant amount of money and is indicative of the high level of investment in the area. There are approximately 4.0K outstanding loans in Rusk County, which is a substantial number of mortgages. The percentage of total home value that is represented by these loans is quite high, indicating that the area is a popular destination for homeowners.
The median mortgage rate in Rusk County varies across cities, with the highest rate being 4.5% in Laneville and the lowest rate being 3.92% in Garrison. This variation in rates across cities is indicative of the competitive nature of the mortgage market in Rusk County. Homeowners in the area have the opportunity to shop around for the best rates and terms, which can help them save money in the long run.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Rusk County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Garrison | $23,383 | $72,608 | $117,534 | $207,027 | $278,188 |
| Henderson | $26,262 | $52,262 | $94,501 | $147,426 | $216,145 |
| Kilgore | $36,535 | $61,518 | $99,762 | $145,097 | $214,559 |
| Laneville | $14,523 | $37,446 | $60,684 | $119,667 | $191,345 |
| Longview | $36,281 | $64,093 | $89,756 | $133,183 | $193,718 |
| Mount Enterprise | $20,313 | $39,398 | $83,336 | $133,965 | $191,030 |
| Overton | $21,478 | $46,129 | $89,633 | $134,547 | $192,159 |
| Tatum | $23,307 | $68,416 | $124,626 | $179,952 | $256,571 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Rusk County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Garrison | 3.10% | 3.42% | 3.92% | 4.55% | 5.80% |
| Henderson | 2.90% | 3.59% | 4.21% | 5.06% | 6.20% |
| Kilgore | 2.90% | 3.50% | 4.21% | 5.03% | 6.21% |
| Laneville | 3.08% | 3.73% | 4.50% | 5.38% | 6.34% |
| Longview | 3.11% | 3.77% | 4.37% | 4.91% | 6.12% |
| Mount Enterprise | 3.00% | 3.66% | 4.15% | 5.07% | 6.19% |
| Overton | 2.90% | 3.50% | 4.13% | 5.01% | 6.20% |
| Tatum | 2.90% | 3.42% | 4.12% | 4.92% | 6.06% |
Housing Expenses in Rusk County, Texas
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