Average Tax Assessment in Stonewall County

Stonewall County has 760 properties with a cumulative value of $26.4M, representing 0.001% of all real estate value in Texas. The average property tax rate in Stonewall County is 1.85%, higher than the state average of 1.69%. Property taxes in Stonewall County total $488.5K, with the average homeowner paying $654 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.

Stonewall County has an average property tax rate of 1.85%, which is slightly lower than the average rate for the state of Texas. 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 Aspermont has the highest effective property tax rate in the county at 1.88%, while the city of Aspermont also has the lowest effective property tax rate at 1.88%. This means that property owners in Aspermont will pay slightly more in taxes than those in other cities in the county.

Overall, Stonewall County has a relatively low property tax rate compared to other counties in Texas. This makes it an attractive option for those looking to purchase property in the area. 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.

The data from Redfin does not provide any information on the median home price in Stonewall County for October 2023 or October 2022. However, it does show that the home inventory in Stonewall County decreased from 4 in October 2022 to 2 in October 2023. This suggests that the demand for homes in Stonewall County has increased, which could lead to an increase in home prices.

Mortgages in Stonewall County are currently totaling $369.5K in outstanding loans. This represents 7 loans across the county, with the highest median mortgage rate being 3% in Aspermont. This rate is slightly lower than the national average, making it an attractive option for potential homeowners. The variation in rates across counties is minimal, with Aspermont having the lowest median mortgage rate. This suggests that the market is relatively stable and that there is little difference in the cost of mortgages across the county.

Overall, the total outstanding loan amount across home mortgages in Stonewall County is relatively low compared to the total home value. This suggests that the market is healthy and that homeowners are able to pay off their mortgages in a timely manner. The low variation in rates across counties also suggests that the market is stable and that homeowners can expect to find competitive rates when shopping for a mortgage.