Average Tax Assessment in Sutton County
Real Estate Values and Property Tax Valuation in Sutton County, Texas
Sutton County has a total of 1,565 properties with a cumulative value of $139.2M, representing 0.007% of all real estate value in Texas. Property taxes in Sutton County totaled $2.5M, with an average homeowner paying $1,655 in property taxes compared to the state average of $4,015. The average property tax rate in Sutton County is 1.82%, higher than the state average of 1.69%. Property taxes are calculated 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 | |
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Sutton Appraisal District | (325) 387-2809 |
TexasFile Clerk Records | - |
Sutton Clerk | (325) 387-3815 |
Sutton Assessor | (603) 927-4416 |
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 Sutton County
Residential Property Taxes by Cities in Sutton County
Sutton County has an average property tax rate of 1.82%, which is slightly lower than the state average of 1.83%. This rate is applied to all properties in the county, regardless of the city in which they are located. However, the effective property tax rate can vary significantly from city to city. For example, Sonora has the highest effective property tax rate in the county at 1.83%, while other cities such as Ozona and Eldorado have much lower rates of 1.45% and 1.50%, respectively. This means that homeowners in Sonora will pay more in property taxes than those in other cities in the county.
Overall, Sutton County has a relatively low property tax rate compared to other counties in the state. However, homeowners should be aware that the effective property tax rate can vary significantly from city to city, so it is important to research the rates in the city where you are considering buying a home.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Sutton 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 |
---|---|---|---|---|---|
Sonora | $15,015 | $30,932 | $60,320 | $114,180 | $181,535 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Sutton County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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Sonora | $270 | $540 | $1,172 | $2,217 | $3,437 |
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 |
---|---|---|---|---|---|
Sonora | 1.80% | 1.75% | 1.94% | 1.94% | 1.89% |
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Real Estate Values in Sutton County
The data from Redfin indicates that the median home price in Sutton County has not changed from October 2022 to October 2023. However, the home inventory in Sutton County has decreased from 15 in October 2022 to 10 in October 2023. This suggests that the demand for homes in Sutton County has increased, leading to a decrease in the available inventory. This trend is consistent with the overall trend in Texas, where home prices have been steadily increasing due to high demand.
Average Home Value in Sutton County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Sutton County
Last updated: November 2023
Percent Change in New Home Listings in Sutton County
Last updated: November 2023
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Mortgage Rates in Sutton County
Sutton County has a total of $3.7M in outstanding home mortgage loans, representing 29 loans in total. This amount is relatively small compared to the total value of homes in the county, indicating that the majority of homeowners have paid off their mortgages. The median mortgage rate in Sutton County is 3%, which is relatively low compared to other counties in the area. However, there is some variation in mortgage rates across the county, with the city of Sonora having the highest median rate at 3%. This indicates that some homeowners in Sutton County may be paying higher rates than others, depending on their location. Overall, the mortgage market in Sutton County is relatively stable, with low rates and a relatively small amount of outstanding loans.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Sutton County by city.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Sonora | $63,393 | $75,909 | $116,854 | $143,709 | $193,210 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Sutton County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Sonora | 2.70% | 2.90% | 3.00% | 3.10% | 3.60% |
Housing Expenses in Sutton County, Texas
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