Average Tax Assessment in Taylor County
Real Estate Values and Property Tax Valuation in Taylor County, Texas
Taylor County has 47,722 properties with a cumulative value of $6.7B, representing 0.31% of all real estate value in Texas. Property taxes in Taylor County totaled $125.8M, with an average homeowner paying $2,637 in property taxes compared to the state average of $4,015. The average property tax rate in Taylor County is 1.88%, higher than the state average of 1.69%. Properties are valued for tax purposes based on their 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 | |
|---|---|
| Taylor Appraisal District | (325) 676-9381 |
| Taylor Clerk | (325) 674-1202 |
| TexasFile Clerk Records | - |
| Taylor County Clerk | (270) 465-6677 |
| 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 Taylor County
Residential Property Taxes by Cities in Taylor County
Taylor County has an average property tax rate of 1.88%, which is slightly lower than the state average of 2.06%. This makes Taylor County an attractive option for homeowners looking to save on their property taxes. The city of Abilene has the highest effective property tax rate in the county at 1.98%, while the city of Ovalo has the lowest effective property tax rate at 0.96%. This means that homeowners in Abilene will pay more in property taxes than those in Ovalo. The difference in property tax rates between the two cities is significant, and it is important for homeowners to consider this when deciding where to purchase a home. Overall, Taylor County has competitive property tax rates compared to the rest of the state, and homeowners can save money by choosing to live in the county.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Taylor 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 |
|---|---|---|---|---|---|
| Abilene | $28,217 | $55,228 | $116,255 | $186,213 | $269,118 |
| Buffalo Gap | $16,760 | $37,624 | $89,040 | $202,658 | $329,706 |
| Lawn | $10,398 | $23,086 | $52,956 | $166,303 | $317,279 |
| Merkel | $10,334 | $26,040 | $56,301 | $106,452 | $196,875 |
| Ovalo | $22,783 | $57,060 | $153,032 | $305,038 | $408,586 |
| Tuscola | $45,055 | $109,732 | $222,954 | $307,178 | $409,098 |
| Tye | $4,463 | $11,680 | $27,653 | $56,798 | $99,941 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Taylor County.
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 |
|---|---|---|---|---|---|
| Abilene | 1.36% | 1.70% | 1.88% | 2.12% | 2.09% |
| Buffalo Gap | 1.03% | 1.09% | 1.41% | 1.48% | 1.49% |
| Lawn | 0.93% | 1.02% | 1.16% | 0.81% | 0.97% |
| Merkel | 1.07% | 1.13% | 1.43% | 1.55% | 1.48% |
| Ovalo | 0.61% | 0.79% | 0.72% | 0.92% | 1.21% |
| Tuscola | 0.85% | 1.15% | 1.34% | 1.47% | 1.45% |
| Tye | 1.08% | 0.99% | 1.28% | 1.51% | 1.61% |
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Real Estate Values in Taylor County
The median home price in Taylor County, Texas has decreased by 1.74% from October 2022 to October 2023, from $231.0K to $226.0K. This decrease in home prices is accompanied by a slight increase in home inventory, from 587 homes in October 2022 to 597 homes in October 2023. This suggests that the housing market in Taylor County is becoming more competitive, as buyers have more options to choose from.
Average Home Value in Taylor County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Taylor County
Last updated: November 2023
Percent Change in New Home Listings in Taylor County
Last updated: November 2023
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Mortgage Rates in Taylor County
Taylor County is home to a large number of outstanding home mortgages, with a total of $2.7 billion in outstanding loans. This represents 17.9 thousand loans, or an average of $151,000 per loan. This is a significant amount of money, representing a large portion of the total home value in the county.
The median mortgage rate in Taylor County varies across cities, ranging from 4.08% in Merkel to 4.08% in Tye. This variation in rates can be beneficial to homeowners, as it allows them to shop around for the best rate and terms for their loan. With such a large amount of outstanding loans, Taylor County is a great place for homeowners to find the best mortgage for their needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Taylor County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Abilene | $37,193 | $69,540 | $120,434 | $183,333 | $251,882 |
| Buffalo Gap | $31,657 | $70,308 | $142,752 | $208,621 | $306,288 |
| Lawn | $18,962 | $51,781 | $94,599 | $160,507 | $303,841 |
| Merkel | $23,066 | $44,732 | $82,099 | $138,088 | $198,608 |
| Ovalo | $34,558 | $78,610 | $154,577 | $269,393 | $345,968 |
| Tuscola | $55,497 | $116,355 | $188,283 | $263,114 | $332,279 |
| Tye | $14,378 | $24,924 | $42,667 | $92,144 | $153,705 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Taylor County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Abilene | 2.90% | 3.40% | 3.97% | 4.72% | 5.99% |
| Buffalo Gap | 2.90% | 3.30% | 3.92% | 4.50% | 5.71% |
| Lawn | 2.83% | 3.35% | 3.94% | 4.71% | 5.58% |
| Merkel | 2.97% | 3.55% | 4.08% | 4.87% | 6.15% |
| Ovalo | 2.90% | 3.50% | 3.98% | 4.79% | 5.93% |
| Tuscola | 2.90% | 3.42% | 3.97% | 4.50% | 5.50% |
| Tye | 3.05% | 3.56% | 4.08% | 5.14% | 6.55% |
Housing Expenses in Taylor County, Texas
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