Average Tax Assessment in Throckmorton County
Real Estate Values and Property Tax Valuation in Throckmorton County, Texas
In Throckmorton County, there are 793 properties with a cumulative value of $43.4M, representing 0.002% of all real estate value in Texas. Property taxes in Throckmorton County totaled $810.6K, with an average homeowner paying $1,049 in property taxes compared to the state average of $4,015. The average property tax rate in Throckmorton County is 1.87%, higher than the state average of 1.69%. Property values are determined by the local appraisal district for the purpose of taxation.
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 | |
|---|---|
| TexasFile Clerk Records | - |
| Throckmorton Appraisal District | (940) 213-1114 |
| Throckmorton Clerk | (940) 849-8815 |
| 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 Throckmorton County
Residential Property Taxes by Cities in Throckmorton County
Throckmorton County has an average property tax rate of 1.87%, which is slightly lower than the state average of 2.07%. This rate applies to all cities in the county, including Throckmorton, which has the highest effective property tax rate of 2.07%. This rate is slightly higher than the county average, but still lower than the state average. Property taxes collected in Throckmorton County in 2023 totaled $810.6K, which is slightly lower than the average property tax bill of $1,049.
Property tax rates in Throckmorton County vary across cities, with Throckmorton having the highest effective rate of 2.07%. Other cities in the county have lower rates, ranging from 1.87% to 2.07%. This variation in rates means that property owners in different cities in the county pay different amounts in taxes. Despite the variation in rates, the average property tax rate in Throckmorton County is still lower than the state average, making it an attractive option for property owners.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Throckmorton 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 |
|---|---|---|---|---|---|
| Throckmorton | $4,780 | $15,968 | $32,710 | $63,455 | $106,040 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Throckmorton County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Throckmorton | $138 | $366 | $755 | $1,494 | $2,440 |
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 |
|---|---|---|---|---|---|
| Throckmorton | 2.89% | 2.29% | 2.31% | 2.35% | 2.30% |
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Real Estate Values in Throckmorton County
The data from Redfin indicates that there is no change in median home price in Throckmorton County from October 2022 to October 2023. However, the home inventory in Throckmorton County has increased from 1 in October 2022 to 3 in October 2023. This suggests that the housing market in Throckmorton County is becoming more competitive, with more homes available for sale. This could indicate that home prices in Throckmorton County may start to rise in the near future.
Average Home Value in Throckmorton County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Throckmorton County
Last updated: November 2023
Percent Change in New Home Listings in Throckmorton County
Last updated: November 2023
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Mortgage Rates in Throckmorton County
Mortgages in Throckmorton County are a significant part of the local economy. There is currently a total of $3.3M in outstanding loan amounts across home mortgages in the county. This represents 43 outstanding loans, which is a significant portion of the total home value in the area.
The median mortgage rate in Throckmorton County is 3.69%, which is relatively low compared to other counties in the area. This rate is consistent across the county, meaning that there is not much variation in rates across different cities. This is beneficial for those looking to purchase a home in Throckmorton County, as they can be sure that they will be getting a competitive rate.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Throckmorton County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Throckmorton | $19,152 | $34,776 | $65,130 | $93,455 | $121,425 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Throckmorton County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Throckmorton | 2.90% | 3.09% | 3.69% | 4.14% | 4.55% |
Housing Expenses in Throckmorton County, Texas
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