Rowena, Texas Property Taxes
The median property tax rate in Rowena, TX is 1.17%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $131,870 in Rowena, the typical annual property tax bill amounts to $1,348, falling below the national median of $2,690. Property taxes in Rowena are calculated based on the tax assessed value, which usually comes in lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Rowena'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 Rowena or another part of Concho County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rowena, 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 Rowena Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rowena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rowena 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 Rowena, Texas
Property taxes in Rowena, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rowena is 1.17%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Rowena set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rowena 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 Rowena's effective property tax rate to other counties in Texas and the national median. For comparison, the 76875 zip code has both the highest and lowest median property tax rate of 1.17%. Understanding how these cities compare with Rowena provides valuable insights into the varying tax landscape across Concho County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rowena Tax Rate
1.17%
Average Concho County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rowena, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76875 | 0.21% | 0.86% | 1.17% | 1.27% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Rowena, Texas
In Rowena, 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 Concho 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. In Rowena, assessment notices 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 Rowena helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,348, found in zip code 76875.
Average Rowena Assessed Value
$131,870
Average Concho County Assessed Value
$75,090
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rowena, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76875 | $50,390 | $90,170 | $131,870 | $305,840 | $388,190 |
Source: Ownwell
Property Tax Bills Across Rowena, Texas
In Rowena, property tax bills are calculated based on the assessed value of the home, which is determined by the local tax assessor's office. The assessed value is then multiplied by the property tax rate set by Concho County. For example, a home with a median price of $131,870 would have its tax bill calculated using this assessed value. Several factors influence the final tax bill, including the property's location and any applicable exemptions. In Rowena, the tax bill can vary significantly, reflecting the diverse property values and tax rates within the area. The 25th percentile tax bill is $872, while the 75th percentile tax bill is $1860, and those in the 90th percentile can see tax bills as high as $3930. These property taxes significantly impact homeowners, as they contribute to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Rowena's property tax rates are indicative of the broader Texas property tax landscape.
Average Rowena Tax Bill
$1,348
Average Concho County Tax Bill
$1,196
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rowena, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76875 | $442 | $872 | $1,348 | $1,860 | $3,930 |
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 | |
|---|---|
| Concho Appraisal District | |
| Website | esearch.conchocad.org |