Average Tax Assessment in Yoakum County
Real Estate Values and Property Tax Valuation in Yoakum County, Texas
Yoakum County has 3,071 properties with a cumulative value of $219.7M. This represents 0.01% of all real estate value in Texas. Property taxes in Yoakum County totaled $4.2M, with an average homeowner paying $1,393 in property taxes compared to the state average of $4,015. The average property tax rate in Yoakum County is 1.91%, higher than the state average of 1.69%. 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 | |
|---|---|
| Yoakum Appraisal District | (806) 456-7101 |
| Yoakum Clerk | (806) 456-7491 |
| TexasFile Clerk Records | - |
| 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 Yoakum County
Residential Property Taxes by Cities in Yoakum County
Yoakum County has an average property tax rate of 1.91%, which is slightly lower than the state average of 2.06%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Yoakum County are collected by the county and distributed to the cities and other local entities.
Property tax rates vary across the cities in Yoakum County. The city with the highest effective property tax rate is Denver City, at 2.09%, while the city with the lowest effective property tax rate is Plains, at 1.48%. This means that property owners in Denver City will pay more in taxes than those in Plains. Property taxes are an important source of revenue for local governments, so it is important to understand the rates in your area.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Yoakum 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 |
|---|---|---|---|---|---|
| Denver City | $9,425 | $25,908 | $52,874 | $94,882 | $144,442 |
| Plains | $6,771 | $19,239 | $47,459 | $91,396 | $187,583 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Yoakum County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Denver City | $175 | $452 | $1,088 | $2,059 | $3,283 |
| Plains | $77 | $207 | $600 | $1,501 | $2,789 |
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 |
|---|---|---|---|---|---|
| Denver City | 1.86% | 1.74% | 2.06% | 2.17% | 2.27% |
| Plains | 1.14% | 1.08% | 1.26% | 1.64% | 1.49% |
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Real Estate Values in Yoakum County
The median home price in Yoakum County, Texas has remained steady from October 2022 to October 2023, with the median home price at $295.0K. However, the home inventory in Yoakum County has decreased from 21 in October 2022 to 20 in October 2023. This suggests that the demand for housing in Yoakum County is increasing, which could lead to an increase in home prices in the future.
Average Home Value in Yoakum County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Yoakum County
Last updated: November 2023
Percent Change in New Home Listings in Yoakum County
Last updated: November 2023
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Mortgage Rates in Yoakum County
Yoakum County has a total outstanding loan amount of $45.7M across home mortgages. This represents 338 outstanding loans in the county, with a median mortgage rate of 3.83%. The city of Denver City has the highest median mortgage rate at 3.85%, while the city of Plains has the lowest median mortgage rate at 3.81%. This indicates that there is a slight variation in mortgage rates across Yoakum County.
The total outstanding loan amount of $45.7M is equivalent to approximately 8.4% of the total home value in Yoakum County. This indicates that the majority of homeowners in the county are able to keep up with their mortgage payments, and that the mortgage market in Yoakum County is relatively healthy. The slight variation in mortgage rates across the county also suggests that homeowners have access to competitive rates.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Yoakum County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Denver City | $52,279 | $89,187 | $128,175 | $179,377 | $233,082 |
| Plains | $35,408 | $66,003 | $102,165 | $176,971 | $239,791 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Yoakum County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Denver City | 2.87% | 3.50% | 3.85% | 4.23% | 4.70% |
| Plains | 2.82% | 3.15% | 3.81% | 4.40% | 4.73% |
Housing Expenses in Yoakum County, Texas
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