Average Tax Assessment in Val Verde County
Real Estate Values and Property Tax Valuation in Val Verde County, Texas
Val Verde County has a total of 17,010 properties with a cumulative value of $1.8B. This represents 0.08% of all real estate value in Texas. Property taxes in Val Verde County are collected on these properties, totaling $28.8M. The average homeowner in Val Verde County pays $1,709 in property taxes, which is significantly lower than the state average of $4,015. The average property tax rate in Val Verde County is 1.61%, which is slightly 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.
Updated November 01, 2023
| Important Links | |
|---|---|
| TexasFile Clerk Records | - |
| Val Verde Appraisal District | (830) 774-4602 |
| Val Verde Clerk | (830) 774-7564 |
| 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 Val Verde County
Residential Property Taxes by Cities in Val Verde County
Val Verde County has an average property tax rate of 1.61%, 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. Property taxes in Val Verde County are collected by the county and used to fund local services such as schools, roads, and public safety.
Property tax rates in Val Verde County vary across cities, with Del Rio having the highest effective rate of 1.62% and Comstock having the lowest rate of 1.23%. The difference in rates is due to the different assessed values of properties in each city. Property taxes in Val Verde County are generally lower than the state average, making it an attractive place to live for those looking for lower taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Val Verde 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.
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Val Verde County.
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.
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Real Estate Values in Val Verde County
The data from Redfin shows that the median home price in Val Verde County has increased by 31.36% from October 2022 to October 2023. This indicates that the housing market in Texas is experiencing a period of growth. Additionally, the home inventory in Val Verde County has decreased from 178 in October 2022 to 168 in October 2023, suggesting that demand for housing is increasing. This could be due to population growth, an influx of new businesses, or other factors. Overall, the data from Redfin indicates that the housing market in Texas is experiencing a period of growth.
Average Home Value in Val Verde County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Val Verde County
Last updated: November 2023
Percent Change in New Home Listings in Val Verde County
Last updated: November 2023
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Mortgage Rates in Val Verde County
Val Verde County has a total of $528.8 million in outstanding home mortgage loans, spread across 4,100 individual loans. This represents a significant portion of the total home value in the county, with the average loan amount being approximately $128,000. The median mortgage rate in Val Verde County varies across cities, with Comstock having the highest rate at 4.61%, and Del Rio having the lowest rate at 4.02%. This variation in rates is indicative of the competitive nature of the mortgage market in Val Verde County, with lenders offering different rates to attract borrowers. Overall, the mortgage market in Val Verde County is healthy, with a significant amount of outstanding loans and competitive rates across cities.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Val Verde County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Val Verde County.
Housing Expenses in Val Verde County, Texas
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