Average Tax Assessment in Waller County
Real Estate Values and Property Tax Valuation in Waller County, Texas
Waller County has a total of 17,359 properties with a cumulative value of $3.9B, representing 0.18% of all real estate value in Texas. The average property tax rate in Waller County is 1.44%, lower than the state average of 1.69%, and the average Waller County homeowner pays $3,206 in property taxes compared to the state average of $4,015. Property taxes are 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 | |
|---|---|
| Waller Clerk | (979) 826-7711 |
| Waller Treasurer | (979) 826-7707 |
| Waller Appraisal District | (979) 921-0060 |
| 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 Waller County
Residential Property Taxes by Cities in Waller County
Waller County has an average property tax rate of 1.44%, which is slightly lower than the average rate for the state of Texas. This rate is applied to the assessed value of a property to determine the amount of taxes due. The average Waller County property tax bill is $3,206. Property tax rates vary across the cities in Waller County, with Hockley having the highest effective property tax rate at 1.61%, and Katy having the lowest effective property tax rate at 1.23%. This means that property owners in Hockley will pay more in taxes than those in Katy. Overall, Waller County has a relatively low property tax rate compared to other counties in Texas, making it an attractive place to live for those looking to save on their taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Waller 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 |
|---|---|---|---|---|---|
| Brookshire | $16,131 | $74,695 | $175,000 | $253,178 | $344,556 |
| Hempstead | $14,350 | $46,860 | $110,530 | $204,550 | $361,340 |
| Hockley | $12,338 | $104,590 | $203,390 | $304,150 | $512,280 |
| Katy | $167,900 | $249,480 | $352,834 | $449,935 | $607,636 |
| Magnolia | $43,160 | $106,630 | $169,190 | $229,795 | $286,030 |
| Pattison | $8,616 | $52,060 | $161,820 | $327,190 | $478,574 |
| Waller | $9,390 | $49,340 | $140,740 | $267,740 | $416,954 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Waller County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brookshire | $394 | $1,041 | $2,920 | $4,294 | $5,805 |
| Hempstead | $338 | $783 | $1,887 | $3,413 | $5,588 |
| Hockley | $671 | $1,417 | $3,122 | $5,063 | $7,642 |
| Katy | $1,024 | $2,277 | $4,813 | $5,963 | $7,576 |
| Magnolia | $591 | $1,173 | $2,532 | $3,825 | $4,645 |
| Pattison | $350 | $893 | $2,263 | $4,538 | $6,988 |
| Waller | $362 | $972 | $2,307 | $4,306 | $6,566 |
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 |
|---|---|---|---|---|---|
| Brookshire | 2.44% | 1.39% | 1.67% | 1.70% | 1.68% |
| Hempstead | 2.36% | 1.67% | 1.71% | 1.67% | 1.55% |
| Hockley | 5.44% | 1.35% | 1.53% | 1.66% | 1.49% |
| Katy | 0.61% | 0.91% | 1.36% | 1.33% | 1.25% |
| Magnolia | 1.37% | 1.10% | 1.50% | 1.66% | 1.62% |
| Pattison | 4.06% | 1.72% | 1.40% | 1.39% | 1.46% |
| Waller | 3.86% | 1.97% | 1.64% | 1.61% | 1.57% |
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Real Estate Values in Waller County
The data from Redfin shows that home prices in Waller County, Texas have decreased by 18.74% from October 2022 to October 2023. This decrease in home prices is likely due to the decrease in home inventory in the county, which has dropped from 501 in October 2022 to 247 in October 2023. This suggests that there is less demand for homes in Waller County, resulting in a decrease in home prices. This trend is likely reflective of the overall housing market in Texas, as home prices across the state have been decreasing in recent months.
Average Home Value in Waller County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Waller County
Last updated: November 2023
Percent Change in New Home Listings in Waller County
Last updated: November 2023
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Mortgage Rates in Waller County
Waller County is home to a large number of outstanding home mortgage loans, totaling $1.5 billion. This represents 6.2 thousand loans, or approximately 10.5% of the total home value in the county. The median mortgage rate across Waller County varies significantly, with the highest rate of 4.21% in Magnolia and the lowest rate of 3.6% in Katy. This variation in rates allows potential homebuyers to shop around and find the best deal for their needs.
Overall, Waller County is a great place to look for a home mortgage loan. With a large number of outstanding loans and a wide range of mortgage rates, potential homebuyers can find the best deal for their needs. With careful research and comparison shopping, homebuyers can find the perfect loan to fit their budget and lifestyle.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Waller County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brookshire | $56,011 | $126,352 | $175,935 | $227,240 | $288,061 |
| Hempstead | $25,402 | $59,130 | $116,898 | $188,708 | $286,346 |
| Hockley | $32,367 | $88,645 | $162,439 | $240,502 | $309,900 |
| Katy | $161,226 | $199,227 | $278,537 | $356,154 | $453,441 |
| Magnolia | $48,918 | $76,279 | $123,610 | $183,762 | $243,654 |
| Pattison | $19,390 | $61,742 | $127,088 | $225,206 | $314,890 |
| Waller | $26,245 | $68,468 | $138,046 | $239,638 | $337,879 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Waller County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brookshire | 2.90% | 3.50% | 4.01% | 4.55% | 5.50% |
| Hempstead | 2.90% | 3.38% | 3.99% | 4.75% | 6.10% |
| Hockley | 2.90% | 3.60% | 4.12% | 4.75% | 6.19% |
| Katy | 2.80% | 3.00% | 3.60% | 4.13% | 4.72% |
| Magnolia | 2.92% | 3.65% | 4.21% | 5.27% | 6.23% |
| Pattison | 3.05% | 3.66% | 4.13% | 4.92% | 6.17% |
| Waller | 2.90% | 3.47% | 4.03% | 4.87% | 6.17% |
Housing Expenses in Waller County, Texas
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