Rising Star, Texas Property Taxes
The median property tax rate in Rising Star, TX is 0.80%, which is significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Rising Star, the typical annual property tax bill amounts to $1,593, well below the national median of $2,690. Property taxes in Rising Star are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Rising Star's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Rising Star or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rising Star, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Rising Star Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rising Star with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rising Star to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Rising Star, Texas
Property taxes in Rising Star, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rising Star is 0.80%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Rising Star set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rising Star estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Rising Star's effective property tax rate to other counties in Texas and the national median. For comparison, the 76471 zip code has the highest median property tax rate of 0.80%, while the same 76471 zip code has the lowest median tax rate of 0.80%. Understanding how these cities compare with Rising Star provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rising Star Tax Rate
0.80%
Average Brown County Tax Rate
1.58%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rising Star, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76471 | 0.18% | 0.35% | 0.80% | 1.06% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Rising Star, Texas
In Rising Star, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Brown County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Rising Star are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Rising Star helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 76471 has both the highest and lowest median tax bill at $1,593, reflecting the uniformity in property tax assessments in the area.
Average Rising Star Assessed Value
$298,060
Average Brown County Assessed Value
$114,110
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rising Star, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76471 | $59,508 | $114,795 | $298,060 | $566,970 | $1,113,954 |
Source: Ownwell
Property Tax Bills Across Rising Star, Texas
Property tax bills in Rising Star, located in Brown County, TX, are calculated based on the assessed value of your property, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine your annual tax bill. For Rising Star, the median home price is $298,060. The tax bill for properties in this area varies significantly, with the 25th percentile at $858 and the 75th percentile reaching $2,979. For those at the 90th percentile, tax bills can be as high as $4,453. These variations are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Rising Star may find their tax bills to be relatively moderate or high, depending on their property's assessed value. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Rising Star Tax Bill
$1,593
Average Brown County Tax Bill
$1,714
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rising Star, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76471 | $511 | $858 | $1,593 | $2,979 | $4,453 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Brown Appraisal District | |
| Website | propaccess.trueautomation.com |