Riesel, Texas Property Taxes
The median property tax rate in Riesel, TX is 1.93%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Riesel at $116,630, the typical annual property tax bill reaches $1,960, which is below the national median of $2,690. Property taxes in Riesel are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Riesel'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 Riesel 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
Riesel, 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 Riesel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Riesel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Riesel 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 Riesel, Texas
Property taxes in Riesel, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Riesel is 1.93%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Riesel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Riesel 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 Riesel's effective property tax rate to other counties in Texas and the national median. For comparison, the 76682 zip code has the highest median property tax rate of 1.93%, while the 76682 zip code also has the lowest median tax rate of 1.93%. Understanding how these cities compare with Riesel provides valuable insights into the varying tax landscape across Falls County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Riesel Tax Rate
1.93%
Average Falls County Tax Rate
2.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Riesel, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76682 | 0.74% | 1.39% | 1.93% | 2.51% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Riesel, Texas
In Riesel, 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 Falls 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 Riesel 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 Riesel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,960, found in zip code 76682, while the lowest median tax bill is also $1,960 in the same zip code.
Average Riesel Assessed Value
$116,630
Average Falls County Assessed Value
$76,900
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Riesel, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76682 | $31,342 | $62,020 | $116,630 | $210,570 | $418,992 |
Source: Ownwell
Property Tax Bills Across Riesel, Texas
In Riesel, Falls County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, determined by the county's appraisal district. The local tax rate is applied to this assessed value to determine the tax bill. Homeowners in Riesel face varying tax bills, with the 25th percentile paying around $1,144 and the 75th percentile paying about $3,180 annually. The highest median tax bill in the area is $1,960, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. These taxes fund essential public services such as schools, emergency services, and infrastructure. Homeowners must budget for these costs, as they can significantly impact overall housing affordability. Understanding how property tax bills are calculated helps homeowners anticipate expenses and manage their finances effectively.
Average Riesel Tax Bill
$1,960
Average Falls County Tax Bill
$1,609
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Riesel, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76682 | $506 | $1,144 | $1,960 | $3,180 | $4,773 |
Source: Ownwell