Average Tax Assessment in Tom Green County
Real Estate Values and Property Tax Valuation in Tom Green County, Texas
Tom Green County has 40,925 properties with a cumulative value of $6.1B, representing 0.29% of all real estate value in Texas. Property taxes in Tom Green County totaled $102.9M, with an average homeowner paying $2,515 in property taxes compared to the state average of $4,015. The average property tax rate in Tom Green County is 1.69%, which is the same as the state average. Property values for tax purposes are determined by the local appraisal district.
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 | - |
| Tom Green Clerk | (325) 659-6553 |
| Tom Green Appraisal District | (325) 658-5575 |
| 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 Tom Green County
Residential Property Taxes by Cities in Tom Green County
Tom Green County has an average property tax rate of 1.69%, which is slightly lower than the state average of 1.83%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average property tax bill in Tom Green County is $2,515. Property tax rates can vary significantly across the cities in Tom Green County. San Angelo has the highest effective property tax rate at 1.74%, while Miles has the lowest effective property tax rate at 1.04%. This means that property owners in San Angelo will pay more in taxes than those in Miles. Property taxes are an important source of revenue for local governments in Tom Green County, and the rates vary across the cities to ensure that all property owners are paying their fair share.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Tom Green 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 |
|---|---|---|---|---|---|
| Carlsbad | $11,496 | $32,955 | $67,280 | $139,445 | $233,006 |
| Christoval | $30,510 | $67,530 | $168,130 | $296,630 | $411,700 |
| Miles | $52,388 | $96,290 | $158,040 | $248,150 | $369,280 |
| San Angelo | $32,046 | $63,930 | $121,390 | $196,255 | $273,926 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Tom Green County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carlsbad | $59 | $231 | $805 | $1,710 | $3,309 |
| Christoval | $183 | $657 | $1,734 | $3,902 | $5,553 |
| Miles | $291 | $810 | $1,717 | $2,824 | $4,176 |
| San Angelo | $300 | $877 | $2,009 | $3,574 | $5,117 |
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 |
|---|---|---|---|---|---|
| Carlsbad | 0.51% | 0.70% | 1.20% | 1.23% | 1.42% |
| Christoval | 0.60% | 0.97% | 1.03% | 1.32% | 1.35% |
| Miles | 0.56% | 0.84% | 1.09% | 1.14% | 1.13% |
| San Angelo | 0.94% | 1.37% | 1.65% | 1.82% | 1.87% |
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Real Estate Values in Tom Green County
The median home price in Tom Green County, Texas remained unchanged from October 2022 to October 2023, staying at $275.0K. However, the home inventory in Tom Green County increased significantly from 233 in October 2022 to 382 in October 2023, indicating an increase in the number of homes available for sale. This suggests that the housing market in Tom Green County is becoming more competitive, with more homes available for buyers to choose from.
Average Home Value in Tom Green County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Tom Green County
Last updated: November 2023
Percent Change in New Home Listings in Tom Green County
Last updated: November 2023
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Mortgage Rates in Tom Green County
Tom Green County has an impressive total of $2.3 billion in outstanding home mortgage loans. This is a significant amount of money, representing 15.3 thousand individual loans. The median mortgage rate in Tom Green County is 4.1%, which is slightly higher than the national average of 3.9%. However, there is significant variation in rates across the county, with Miles having the highest median mortgage rate of 4.3% and Carlsbad having the lowest at 3.97%. This variation in rates can have a significant impact on the total cost of a loan, so it is important for potential borrowers to shop around and compare rates.
Overall, the total outstanding loan amount in Tom Green County is a testament to the strength of the local housing market. The total amount of outstanding loans is equal to approximately 10% of the total home value in the county, indicating that the market is healthy and that homeowners are able to secure financing for their purchases. The variation in rates across the county also provides potential borrowers with an opportunity to find the best deal for their needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Tom Green County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carlsbad | $21,511 | $44,861 | $83,348 | $168,069 | $251,462 |
| Christoval | $47,708 | $91,529 | $175,093 | $276,722 | $363,463 |
| Miles | $24,820 | $58,313 | $126,374 | $181,582 | $297,453 |
| San Angelo | $37,478 | $66,530 | $118,574 | $182,781 | $252,034 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Tom Green County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carlsbad | 3.05% | 3.56% | 3.97% | 4.57% | 5.78% |
| Christoval | 2.90% | 3.50% | 3.99% | 4.59% | 5.89% |
| Miles | 3.20% | 3.62% | 4.30% | 4.79% | 5.83% |
| San Angelo | 2.90% | 3.43% | 3.99% | 4.72% | 5.98% |
Housing Expenses in Tom Green County, Texas
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