Average Tax Assessment in Wilbarger County
Real Estate Values and Property Tax Valuation in Wilbarger County, Texas
Wilbarger County has a total of 4,912 properties with a cumulative value of $325.9M. This accounts for 0.02% of all real estate value in Texas. The average property tax rate in Wilbarger County is 2.00%, which is higher than the state average of 1.69%. Property taxes in Wilbarger County totaled $6.5M, with the average homeowner paying $1,363 in property taxes compared to the state average of $4,015. Property values are determined by the local tax assessor's office and are based on the current 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 | |
|---|---|
| TexasFile Clerk Records | - |
| Wilbarger Appraisal District | (940) 553-1857 |
| Wilbarger Tax Collector | - |
| 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 Wilbarger County
Residential Property Taxes by Cities in Wilbarger County
Wilbarger County has an average property tax rate of 2.00%, which is slightly lower than the state average of 2.06%. This rate is applied to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly across the cities in Wilbarger County. For example, the city of Vernon has an effective property tax rate of 2.04%, which is slightly higher than the county average. This means that property owners in Vernon will pay slightly more in property taxes than those in other cities in Wilbarger County.
Overall, Wilbarger County has a relatively low property tax rate compared to other counties in Texas. This makes it an attractive option for those looking to purchase property in the area. However, it is important to note that the effective property tax rate can vary significantly across the cities in Wilbarger County, so it is important to research the rates in each city before making a purchase.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Wilbarger 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 |
|---|---|---|---|---|---|
| Vernon | $15,422 | $26,705 | $45,795 | $90,668 | $140,572 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Wilbarger County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Vernon | $320 | $560 | $950 | $1,835 | $3,008 |
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 |
|---|---|---|---|---|---|
| Vernon | 2.07% | 2.10% | 2.07% | 2.02% | 2.14% |
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Real Estate Values in Wilbarger County
The data from Redfin indicates that the median home price in Wilbarger County has not changed from October 2022 to October 2023. However, the home inventory in Wilbarger County has increased significantly from 3 in October 2022 to 15 in October 2023. This suggests that the housing market in Wilbarger County is becoming more competitive, with more homes available for purchase. This trend is reflective of the overall housing market in Texas, which has seen an increase in home prices and inventory over the past year.
Average Home Value in Wilbarger County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Wilbarger County
Last updated: November 2023
Percent Change in New Home Listings in Wilbarger County
Last updated: November 2023
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Mortgage Rates in Wilbarger County
Wilbarger County has a total of $68.6M in outstanding home mortgage loans. This represents 935 individual loans, with an average loan amount of $73,000. The median mortgage rate in Wilbarger County is 4.36%, which is slightly lower than the national average of 4.51%. This rate is consistent across all cities in the county, with Vernon having the highest median rate at 4.36%.
The total outstanding loan amount in Wilbarger County is approximately 0.5% of the total home value in the county. This indicates that the majority of homeowners in the county are able to pay off their mortgages in a timely manner. Furthermore, the variation in mortgage rates across cities in Wilbarger County is minimal, indicating that the market is relatively stable. This is beneficial for both buyers and sellers, as it allows for more accurate pricing and better negotiation.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Wilbarger County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Vernon | $11,664 | $28,447 | $54,396 | $94,177 | $140,234 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Wilbarger County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Vernon | 3.05% | 3.68% | 4.36% | 5.63% | 6.37% |
Housing Expenses in Wilbarger County, Texas
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