Average Tax Assessment in Uvalde County

Uvalde County has 10,780 properties with a cumulative value of $1.2B, representing 0.06% of all real estate value in Texas. Property taxes in Uvalde County totaled $28.8M, with an average homeowner paying $2,706 in property taxes, which is lower than the state average of $4,015. The average property tax rate in Uvalde County is 2.31%, higher than the state average of 1.69%. Property taxes are based on the assessed value of the property, which is determined by the local tax assessor.

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.

Uvalde County has an average property tax rate of 2.31%, which is slightly higher than the state average of 2.18%. This rate applies to all properties in the county, regardless of location. However, there is a significant variation in effective property tax rates across the cities in Uvalde County. The city of Uvalde has the highest effective property tax rate at 2.51%, while the city of Utopia has the lowest effective property tax rate at 0.94%. This means that property owners in Uvalde will pay significantly more in property taxes than those in Utopia.

Overall, Uvalde County has a slightly higher property tax rate than the state average, but the variation in effective property tax rates across the cities can make a significant difference in the amount of taxes paid by property owners. Those in Uvalde will pay significantly more than those in Utopia, so it is important for property owners to be aware of the effective property tax rate in their city before making a purchase.

The median home price in Uvalde County, Texas has decreased significantly from October 2022 to October 2023, dropping by 33.61%. This is indicative of a downward trend in home prices in the area. Additionally, the home inventory in Uvalde County has increased from 71 in October 2022 to 80 in October 2023, suggesting that there is an abundance of homes available in the area.

Mortgages in Uvalde County are a significant part of the local economy. As of 2021, there is an estimated $246.2M in outstanding loan amounts across home mortgages in the county. This represents 1.9K outstanding loans, which is a significant amount of money for the area. The median mortgage rate in Uvalde County varies from city to city, with Utopia having the highest rate at 4.5% and Concan having the lowest rate at 3.92%. This variation in rates can make a significant difference in the total amount of money paid over the life of a loan. On average, the total amount of money paid for a loan in Uvalde County is about 80% of the total home value. This is a significant amount of money and shows the importance of shopping around for the best rate when looking for a mortgage in the area.