Average Tax Assessment in Shelby County
Real Estate Values and Property Tax Valuation in Shelby County, Texas
Shelby County has 10,574 properties with a cumulative value of $815.5M, representing 0.04% of all real estate value in Texas. The average property tax rate in Shelby County is 1.06%, which is lower than the state average of 1.69%. Property taxes in Shelby County totaled $8.7M, with the average homeowner paying $847 in property taxes compared to the state average of $4,015. Property values for tax purposes are determined by the local appraisal district.
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 | |
|---|---|
| Shelby Tax Office | (936) 598-4441 |
| TexasFile Clerk Records | - |
| Shelby Appraisal District | (936) 598-6171 |
| Shelby Property Valuation | (502) 633-4403 |
| 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 Shelby County
Residential Property Taxes by Cities in Shelby County
Shelby County has an average property tax rate of 1.06%, which is slightly lower than the national average of 1.08%. This rate is applied to all property owners in the county, regardless of the city they live in. However, the effective property tax rate can vary significantly from city to city. For example, the city of Center has the highest effective property tax rate in the county at 1.22%, while the city of Tenaha has the lowest effective property tax rate at 0.62%. This means that property owners in Center will pay a higher property tax bill than those in Tenaha. Overall, Shelby County has a relatively low property tax rate 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 Shelby 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 |
|---|---|---|---|---|---|
| Center | $6,520 | $15,491 | $45,120 | $98,405 | $180,268 |
| Joaquin | $6,867 | $20,242 | $50,685 | $94,872 | $197,653 |
| Shelbyville | $5,621 | $11,928 | $43,290 | $102,918 | $201,610 |
| Tenaha | $6,734 | $14,550 | $39,040 | $87,360 | $182,166 |
| Timpson | $6,870 | $17,142 | $46,805 | $108,338 | $212,462 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Shelby County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Center | $68 | $181 | $531 | $1,254 | $2,348 |
| Joaquin | $71 | $170 | $476 | $1,084 | $2,107 |
| Shelbyville | $49 | $136 | $406 | $1,074 | $2,144 |
| Tenaha | $42 | $98 | $263 | $539 | $1,000 |
| Timpson | $57 | $157 | $448 | $1,012 | $1,996 |
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 |
|---|---|---|---|---|---|
| Center | 1.04% | 1.17% | 1.18% | 1.27% | 1.30% |
| Joaquin | 1.03% | 0.84% | 0.94% | 1.14% | 1.07% |
| Shelbyville | 0.87% | 1.14% | 0.94% | 1.04% | 1.06% |
| Tenaha | 0.62% | 0.67% | 0.67% | 0.62% | 0.55% |
| Timpson | 0.83% | 0.92% | 0.96% | 0.93% | 0.94% |
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Real Estate Values in Shelby County
The data from Redfin shows that the median home price in Shelby County has not changed from October 2022 to October 2023. However, the home inventory in Shelby County has increased significantly from 10 in October 2022 to 29 in October 2023. This indicates that there is an increased demand for homes in Shelby County, which could lead to an increase in home prices in the future.
Average Home Value in Shelby County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Shelby County
Last updated: November 2023
Percent Change in New Home Listings in Shelby County
Last updated: November 2023
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Mortgage Rates in Shelby County
Mortgages in Shelby County are a significant part of the local economy, with a total outstanding loan amount of $154.1M. This represents a significant portion of the total home value in the county, and is indicative of the importance of home ownership in the area. Additionally, there are 1.5K outstanding loans in Shelby County, indicating that mortgages are a major source of financing for local residents.
The median mortgage rate in Shelby County varies across cities, with Center having the highest rate at 4.29%, and Timpson having the lowest rate at 4.09%. This variation in rates across cities is indicative of the competitive nature of the mortgage market in the county, and provides potential borrowers with a range of options when considering a loan. Overall, mortgages in Shelby County are an important part of the local economy, and provide residents with access to a range of financing options.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Shelby County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Center | $14,288 | $30,926 | $65,430 | $120,090 | $195,457 |
| Joaquin | $14,188 | $28,639 | $58,032 | $92,892 | $156,344 |
| Shelbyville | $13,430 | $31,247 | $77,056 | $141,243 | $226,626 |
| Tenaha | $10,773 | $22,724 | $53,617 | $110,280 | $186,574 |
| Timpson | $14,408 | $33,705 | $61,914 | $133,639 | $225,847 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Shelby County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Center | 2.96% | 3.64% | 4.29% | 5.36% | 6.26% |
| Joaquin | 2.99% | 3.62% | 4.13% | 4.98% | 6.40% |
| Shelbyville | 2.90% | 3.53% | 4.16% | 5.11% | 6.25% |
| Tenaha | 3.13% | 3.60% | 4.10% | 5.04% | 6.12% |
| Timpson | 2.98% | 3.60% | 4.09% | 5.11% | 6.18% |
Housing Expenses in Shelby County, Texas
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