Average Tax Assessment in Titus County
Real Estate Values and Property Tax Valuation in Titus County, Texas
Titus County has 11,218 properties with a cumulative value of $1.4B, representing 0.06% of all real estate value in Texas. The average homeowner in Titus County pays $1,032 in property taxes, which is significantly lower than the state average of $4,015. The average property tax rate in Titus County is 0.85%, while the state average is 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 | |
|---|---|
| TexasFile Clerk Records | - |
| Titus Appraisal District | (903) 572-7939 |
| Titus Clerk | (903) 577-6796 |
| 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 Titus County
Residential Property Taxes by Cities in Titus County
Titus County has an average property tax rate of 0.85%, which is slightly lower than the state average of 0.86%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Titus County are collected by the county and distributed to the cities and other local entities. The amount of taxes collected in Titus County in 2023 is estimated to be $11.5 million.
Property tax rates in Titus County vary across cities. Winfield has the highest effective property tax rate at 0.97%, while Talco has the lowest effective property tax rate at 0.43%. This means that property owners in Winfield will pay more in taxes than those in Talco. However, the average property tax rate in Titus 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 Titus 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 |
|---|---|---|---|---|---|
| Cookville | $13,068 | $35,758 | $94,358 | $183,868 | $259,319 |
| Mount Pleasant | $14,278 | $50,050 | $96,852 | $167,066 | $256,645 |
| Pittsburg | $15,315 | $45,969 | $115,000 | $226,118 | $329,462 |
| Talco | $3,676 | $11,433 | $43,411 | $80,191 | $126,184 |
| Winfield | $3,946 | $7,537 | $22,604 | $60,160 | $102,376 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Titus County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cookville | $52 | $124 | $410 | $1,179 | $1,774 |
| Mount Pleasant | $84 | $309 | $843 | $1,510 | $2,407 |
| Pittsburg | $80 | $189 | $649 | $1,699 | $2,976 |
| Talco | $15 | $54 | $165 | $342 | $560 |
| Winfield | $42 | $60 | $187 | $551 | $1,053 |
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 |
|---|---|---|---|---|---|
| Cookville | 0.40% | 0.35% | 0.43% | 0.64% | 0.68% |
| Mount Pleasant | 0.59% | 0.62% | 0.87% | 0.90% | 0.94% |
| Pittsburg | 0.52% | 0.41% | 0.56% | 0.75% | 0.90% |
| Talco | 0.41% | 0.47% | 0.38% | 0.43% | 0.44% |
| Winfield | 1.06% | 0.80% | 0.83% | 0.92% | 1.03% |
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Real Estate Values in Titus County
The data from Redfin shows that the median home price in Titus County, Texas has increased significantly from October 2022 to October 2023, with a 44.09% increase. This is likely due to the increase in home inventory in the area, which has grown from 49 homes in October 2022 to 103 homes in October 2023. This suggests that the housing market in Titus County is becoming more competitive, and that home prices are likely to continue to rise in the future.
Average Home Value in Titus County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Titus County
Last updated: November 2023
Percent Change in New Home Listings in Titus County
Last updated: November 2023
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Mortgage Rates in Titus County
Mortgages in Titus County are a significant part of the local economy. There is currently a total of $324.8M in outstanding loans across the county, representing 2.4K individual loans. This amount is equivalent to approximately 8.5% of the total home value in the county. The median mortgage rate in Titus County varies across cities, with Winfield having the highest rate at 4.46% and Pittsburg having the lowest rate at 3.88%. This variation in rates allows borrowers to shop around for the best deal and find the mortgage that best fits their needs.
Overall, mortgages in Titus County are an important part of the local economy and provide an opportunity for individuals to purchase a home. With the variety of mortgage rates available, borrowers can find the best deal for their situation. This helps to ensure that individuals are able to purchase a home that fits their needs and budget.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Titus County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cookville | $21,694 | $39,420 | $97,414 | $159,722 | $275,917 |
| Mount Pleasant | $24,429 | $52,602 | $97,696 | $165,446 | $255,392 |
| Pittsburg | $51,748 | $90,729 | $153,953 | $223,687 | $284,589 |
| Talco | $7,351 | $24,824 | $55,374 | $82,315 | $105,512 |
| Winfield | $21,124 | $35,639 | $68,316 | $88,308 | $107,444 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Titus County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cookville | 2.90% | 3.38% | 4.22% | 5.16% | 6.17% |
| Mount Pleasant | 2.90% | 3.56% | 4.21% | 5.49% | 6.37% |
| Pittsburg | 2.90% | 3.11% | 3.88% | 4.59% | 5.75% |
| Talco | 2.86% | 3.47% | 4.36% | 5.31% | 6.50% |
| Winfield | 3.37% | 4.04% | 4.46% | 5.80% | 6.83% |
Housing Expenses in Titus County, Texas
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