Average Tax Assessment in Young County
Real Estate Values and Property Tax Valuation in Young County, Texas
Young County has 8,433 properties with a cumulative value of $914.7M, representing 0.04% of all real estate value in Texas. Property taxes in Young County totaled $15.1M, with an average homeowner paying $1,843 in property taxes compared to the state average of $4,015. The average property tax rate in Young County is 1.65%, lower than the state average of 1.69%. Properties are valued for tax purposes based on their 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 | |
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Young Appraisal District | (940) 549-2392 |
Young Clerk | (940) 549-8432 |
TexasFile Clerk Records | - |
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 |
Don't Miss Your Property Tax Appeal Deadline
Real Estate Statistics in Young County
Residential Property Taxes by Cities in Young County
Young County has an average property tax rate of 1.65%, which is slightly lower than the state average of 1.83%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average property tax bill in Young County is estimated to be $1,843.
Property tax rates vary across the cities in Young County. Graham has the highest effective property tax rate at 1.75%, while Newcastle has the lowest effective property tax rate at 0.9%. This means that property owners in Graham will pay more in taxes than those in Newcastle. Property taxes are an important source of revenue for local governments, and it is important to understand the differences in rates across the county.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Young 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.
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Young County.
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.
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Real Estate Values in Young County
The median home price in Young County, Texas has remained steady from October 2022 to October 2023, at $387.5K. However, the home inventory in Young County has decreased from 52 in October 2022 to 43 in October 2023, indicating a decrease in the availability of homes for sale. This could indicate that the demand for homes in Young County is increasing, which could lead to an increase in home prices in the future.
Average Home Value in Young County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Young County
Last updated: November 2023
Percent Change in New Home Listings in Young County
Last updated: November 2023
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Mortgage Rates in Young County
Young County has an outstanding loan amount of $408.1M across home mortgages, with 1.7K outstanding loans. This amount is equivalent to approximately 8.2% of the total home value in the county. The median mortgage rate in Young County varies across cities, with Newcastle having the highest rate of 4.4% and Olney having the lowest rate of 4.22%. This variation in rates across cities provides homeowners with the opportunity to shop around and find the best rate for their needs.
Overall, the mortgage market in Young County is strong, with a total outstanding loan amount of $408.1M and a wide range of rates available. Homeowners in the county have the opportunity to find the best rate for their needs, and the total outstanding loan amount is a sign of the strong housing market in the county.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Young County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Young County.
Housing Expenses in Young County, Texas
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