Average Tax Assessment in Stephens County
Real Estate Values and Property Tax Valuation in Stephens County, Texas
Stephens County has a total of 4,119 properties with a cumulative value of $443.9M. This represents 0.02% of all real estate value in Texas. Property taxes in Stephens County totaled $6.7M, with an average homeowner paying $1,650 in property taxes compared to the state average of $4,015. The average property tax rate in Stephens County is 1.50%, lower than the state average of 1.69%. 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 | |
|---|---|
| Stephens Appraisal District | (254) 559-8233 |
| Stephens Clerk | (254) 559-3700 |
| TexasFile Clerk Records | - |
| Stephens Assessor | (706) 886-7435 |
| 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 Stephens County
Residential Property Taxes by Cities in Stephens County
Stephens County has an average property tax rate of 1.50%, which is slightly lower than the state average of 1.81%. 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 Stephens County. For example, Breckenridge has the highest effective property tax rate of 1.6%, while other cities such as Graham and Throckmorton have lower effective rates of 1.3% and 1.2%, respectively. This means that property owners in Breckenridge will pay more in property taxes than those in other cities in Stephens County.
Overall, Stephens County has a relatively low property tax rate compared to other counties in the state. However, property owners should be aware that the effective rate can vary significantly across the cities in the county, so it is important to research the rates in the area before purchasing a property.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Stephens 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 |
|---|---|---|---|---|---|
| Breckenridge | $15,468 | $37,070 | $71,180 | $121,950 | $202,640 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Stephens County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Breckenridge | $256 | $519 | $1,167 | $2,164 | $3,442 |
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 |
|---|---|---|---|---|---|
| Breckenridge | 1.66% | 1.40% | 1.64% | 1.77% | 1.70% |
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Real Estate Values in Stephens County
The median home price in Stephens County, Texas, in October 2023 was $163.2K, which is a decrease from the median home price in October 2022. The home inventory in Stephens County in October 2023 was 31, which is a decrease from the home inventory in October 2022 of 48. This indicates that the housing market in Stephens County is becoming more competitive, with fewer homes available for sale and prices increasing.
Average Home Value in Stephens County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Stephens County
Last updated: November 2023
Percent Change in New Home Listings in Stephens County
Last updated: November 2023
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Mortgage Rates in Stephens County
Stephens County has a total of $57.1 million in outstanding home mortgage loans. This represents 650 outstanding loans in the county, which is a significant amount of money. The median mortgage rate in Stephens County is 4.25%, which is slightly lower than the national average. This rate is consistent across the cities in Stephens County, with Breckenridge having the highest median mortgage rate of 4.25%.
The total outstanding loan amount in Stephens County represents about 8.5% of the total home value in the county. This is slightly higher than the national average of 8.2%. This indicates that Stephens County is a relatively affordable place to purchase a home. Additionally, the variation in mortgage rates across the county is relatively low, with the median rate being the same across all cities. This makes it easier for potential homebuyers to compare rates and find the best deal.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Stephens County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Breckenridge | $13,152 | $27,848 | $57,868 | $118,702 | $186,604 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Stephens County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Breckenridge | 2.90% | 3.55% | 4.25% | 5.51% | 6.22% |
Housing Expenses in Stephens County, Texas
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