Average Tax Assessment in Terrell County

In Terrell County, there are 617 properties with a cumulative value of $27.2M, representing 0.001% of all real estate value in Texas. Property taxes in Terrell County total $358.2K, with an average homeowner paying $611 in property taxes compared to the state average of $4,015. The average property tax rate in Terrell County is 1.32%, lower 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.

Terrell County has an average property tax rate of 1.32%, which is slightly lower than the state average of 1.33%. This rate is applied to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly across the cities in the county. For example, Sanderson has the highest effective property tax rate of 1.35%, while other cities such as Dryden and Imperial have lower rates of 1.25% and 1.26%, respectively.

Overall, property taxes in Terrell County are relatively low compared to other counties in the state. This is likely due to the fact that the county is largely rural and has a relatively low population density. As a result, the county is able to keep its property tax rates low while still providing necessary services to its residents.

The data from Redfin shows that the median home price in Terrell County, Texas has not changed from October 2022 to October 2023. However, the home inventory in Terrell County has increased from 2 in October 2022 to 6 in October 2023. This suggests that the housing market in Terrell County is becoming more competitive, as more homes are available for sale.

Terrell County has a total of $494.3K in outstanding home mortgage loans, representing 8 loans in total. This amount is relatively small compared to the total value of homes in the county, making up only a small percentage of the total. However, the median mortgage rate in Terrell County varies significantly across cities. Sanderson has the highest median mortgage rate at 2.9%, while other cities in the county have much lower rates. This variation in rates can make a big difference in the amount of money a homeowner pays for their mortgage each month.

Overall, mortgages in Terrell County are relatively affordable and represent a small percentage of the total value of homes in the county. However, homeowners should be aware of the variation in rates across cities, as this can have a significant impact on their monthly payments.