Rosebud, Texas Property Taxes
The median property tax rate in Rosebud, TX is 2.25%, significantly higher than both the national median of 0.99% and Texas's state median of 1.67%. With a median home value of $75,830 in Rosebud, the typical annual property tax bill reaches $1,503, which is lower than the national median of $2,690. Property taxes in Rosebud are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Rosebud's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rosebud or another part of Falls County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rosebud, 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 Rosebud Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rosebud with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rosebud 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 Rosebud, Texas
Property taxes in Rosebud, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rosebud is 2.25%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Rosebud set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rosebud 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 Rosebud's effective property tax rate to other counties in Texas and the national median. For comparison, the 76570 zip code has the highest median property tax rate of 2.25%, while the same zip code also has the lowest median tax rate of 2.25%. Understanding how these cities compare with Rosebud 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 Rosebud Tax Rate
2.25%
Average Falls County Tax Rate
2.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosebud, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76570 | 0.95% | 1.67% | 2.25% | 2.71% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across Rosebud, Texas
In Rosebud, 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 Rosebud 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 Rosebud helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest and lowest median tax bill in Rosebud is 76570, with a median tax bill of $1,503.
Average Rosebud Assessed Value
$75,830
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 Rosebud, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76570 | $16,022 | $38,290 | $75,830 | $129,910 | $234,738 |
Source: Ownwell
Property Tax Bills Across Rosebud, Texas
In Rosebud, located in Falls County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Rosebud is $75,830, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Rosebud can expect varying tax bills depending on their property's value. For instance, the 25th percentile tax bill is around $752, while the 75th percentile tax bill reaches approximately $2,579. At the higher end, the 90th percentile tax bill can be as much as $3,755. The highest and lowest median tax bills are both recorded at $1,503 in the zip code 76570. Compared to the national median property tax rate of 0.99%, Rosebud's tax rates and bills can vary significantly, impacting homeowners differently based on their property's assessed value. Understanding these factors can help homeowners anticipate their annual tax obligations and plan accordingly.
Average Rosebud Tax Bill
$1,503
Average Falls County Tax Bill
$1,609
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosebud, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76570 | $324 | $752 | $1,503 | $2,579 | $3,755 |
Source: Ownwell