Average Tax Assessment in Ward County
Real Estate Values and Property Tax Valuation in Ward County, Texas
Ward County has a total of 4,899 properties with a cumulative value of $426.6M, representing 0.02% of all real estate value in Texas. Property taxes in Ward County totaled $5.1M, with an average homeowner paying $1,073 in property taxes compared to the state average of $4,015. The average property tax rate in Ward County is 1.19%, lower than the state average of 1.69%. Property values for tax purposes are determined by the local appraisal district and are based on the market value of the property.
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 | |
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Ward Appraisal District | (432) 943-3224 |
TexasFile Clerk Records | - |
Ward Clerk | (432) 943-3294 |
Ward Equalization Office | (701) 857-6430 |
Important Dates | |
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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 | |
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Early Payment Discount | |
Senior | Available |
Disabled | Available |
Homestead | Available |
Veteran | Available |
Solar/Wind | Available |
Charitable | Available |
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Real Estate Statistics in Ward County
Residential Property Taxes by Cities in Ward County
Ward County has an average property tax rate of 1.19%, which is slightly lower than the state average of 1.21%. This rate is applied to all properties in the county, regardless of their location. However, the effective property tax rate can vary significantly from city to city. Monahans has the highest effective property tax rate in the county at 1.21%, while other cities such as Pyote and Wickett have lower rates of 1.09% and 0.99%, respectively. This means that homeowners in Monahans will pay more in property taxes than those in other cities in the county.
Overall, Ward County has a relatively low property tax rate compared to other counties in the state. However, homeowners should be aware that the effective rate can vary significantly from city to city. Those looking to purchase a home in the county should research the effective property tax rate in the city they are considering to ensure they are getting the best deal.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Ward 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 |
---|---|---|---|---|---|
Monahans | $14,990 | $29,930 | $66,860 | $139,410 | $219,580 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Ward County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Monahans | $131 | $294 | $680 | $1,514 | $3,141 |
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 |
---|---|---|---|---|---|
Monahans | 0.87% | 0.98% | 1.02% | 1.09% | 1.43% |
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Real Estate Values in Ward County
The median home price in Ward County, Texas has remained steady at $324.9K from October 2022 to October 2023. However, the home inventory in Ward County has decreased from 32 in October 2022 to 25 in October 2023, indicating a decrease in the number of homes available for sale. This could be an indication of a seller's market in Ward County, as the demand for homes is outpacing the supply.
Average Home Value in Ward County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Ward County
Last updated: November 2023
Percent Change in New Home Listings in Ward County
Last updated: November 2023
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Mortgage Rates in Ward County
Mortgages in Ward County are a significant part of the local economy, with a total outstanding loan amount of $105.9 million. This represents 828 outstanding loans, which is a significant portion of the total home value in the county. The median mortgage rate in Monahans is 4.25%, which is the highest and lowest rate across the county. This indicates that there is a wide range of mortgage rates across the county, with some areas having higher rates than others. This variation in rates can be beneficial for those looking to purchase a home in Ward County, as they can shop around for the best rate. Overall, mortgages in Ward County are an important part of the local economy, and the variation in rates can be beneficial for those looking to purchase a home.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Ward County by city.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Monahans | $25,583 | $58,596 | $117,234 | $180,031 | $244,071 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Ward County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Monahans | 3.00% | 3.62% | 4.25% | 5.09% | 6.17% |
Housing Expenses in Ward County, Texas
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