Average Tax Assessment in Willacy County
Real Estate Values and Property Tax Valuation in Willacy County, Texas
Willacy County has a total of 6,825 properties with a cumulative value of $483.8M, representing 0.02% of all real estate value in Texas. The average property tax rate in Willacy County is 0.98%, significantly lower than the state average of 1.69%. Property taxes in Willacy County totaled $4.7M, with the average homeowner paying $765 in property taxes compared to the state average of $4,015. Property taxes are typically based on the assessed 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 | - |
| Willacy Appraisal District | (956) 689-5979 |
| Willacy Clerk | (956) 689-2710 |
| 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 Willacy County
Residential Property Taxes by Cities in Willacy County
Willacy County has an average property tax rate of 0.98%, which is slightly lower than the state average of 1.04%. This rate applies to all properties in the county, regardless of their location. However, the effective property tax rate can vary significantly from city to city. For example, the city of Port Mansfield has an effective property tax rate of 2.03%, which is more than double the county average. On the other hand, the city of Lyford has an effective property tax rate of only 0.67%, which is significantly lower than the county average.
Overall, Willacy County has relatively low property tax rates compared to other counties in the state. However, the effective property tax rate can vary significantly from city to city, so it is important to research the rates in each city before making a decision about where to purchase property.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Willacy 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 |
|---|---|---|---|---|---|
| Lyford | $16,070 | $26,979 | $45,861 | $75,953 | $132,537 |
| Port Mansfield | $23,156 | $42,500 | $75,183 | $139,606 | $191,998 |
| Raymondville | $12,721 | $22,646 | $36,165 | $57,401 | $88,348 |
| Sebastian | $11,900 | $20,418 | $32,619 | $49,112 | $66,456 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Willacy County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Lyford | $187 | $312 | $519 | $877 | $1,438 |
| Port Mansfield | $401 | $810 | $1,538 | $2,896 | $4,127 |
| Raymondville | $186 | $345 | $579 | $901 | $1,301 |
| Sebastian | $143 | $235 | $376 | $562 | $752 |
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 |
|---|---|---|---|---|---|
| Lyford | 1.16% | 1.16% | 1.13% | 1.15% | 1.08% |
| Port Mansfield | 1.73% | 1.91% | 2.05% | 2.07% | 2.15% |
| Raymondville | 1.46% | 1.52% | 1.60% | 1.57% | 1.47% |
| Sebastian | 1.20% | 1.15% | 1.15% | 1.14% | 1.13% |
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Real Estate Values in Willacy County
The data from Redfin shows that there is no change in median home price in Willacy County from October 2022 to October 2023. However, the home inventory in Willacy County has increased from 21 in October 2022 to 29 in October 2023. This indicates that the housing market in Texas is stable and there is an increase in the number of homes available for sale.
Average Home Value in Willacy County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Willacy County
Last updated: November 2023
Percent Change in New Home Listings in Willacy County
Last updated: November 2023
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Mortgage Rates in Willacy County
Willacy County has a total of $364.1 million in outstanding home mortgage loans. This represents 616 outstanding loans, which is a significant amount of money for the county. The median mortgage rate in Willacy County is 4.09%, which is slightly higher than the national average of 3.99%. However, there is a significant variation in mortgage rates across the county, with Raymondville having the highest median mortgage rate at 4.27%, and Port Mansfield having the lowest median mortgage rate at 3.88%. This variation in rates can have a significant impact on the total amount of money that homeowners in Willacy County have to pay for their mortgages. On average, the total amount of money owed on home mortgages in Willacy County is approximately 11.5% of the total home value. This is slightly higher than the national average of 10.7%.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Willacy County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Lyford | $19,520 | $38,523 | $78,300 | $135,923 | $194,581 |
| Port Mansfield | $42,043 | $70,698 | $123,848 | $179,154 | $230,823 |
| Raymondville | $10,287 | $23,539 | $48,021 | $85,718 | $134,650 |
| Sebastian | $19,218 | $35,608 | $59,461 | $101,244 | $137,728 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Willacy County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Lyford | 3.00% | 3.61% | 4.11% | 4.74% | 5.84% |
| Port Mansfield | 2.80% | 3.05% | 3.88% | 4.50% | 5.50% |
| Raymondville | 3.10% | 3.75% | 4.27% | 5.10% | 6.16% |
| Sebastian | 2.84% | 3.53% | 3.92% | 4.62% | 5.33% |
Housing Expenses in Willacy County, Texas
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