Rochester, Texas Property Taxes
The median property tax rate in Rochester, TX is 1.46%, notably higher than the national median of 0.99% but below the Texas state median of 1.67%. With a median home value of $41,010 in Rochester, the typical annual property tax bill amounts to $623, which is significantly lower than the national median of $2,690. Property taxes in Rochester are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Rochester'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 Rochester or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rochester, 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 Rochester Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Rochester with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Rochester to project your property tax bill. This valuable tool provides clarity on potential tax obligations. For those curious about neighborhood-specific trends, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes and considers any applicable exemptions.
Property Tax Rates Across Rochester, Texas
Property taxes in Rochester, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rochester is 1.46%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Rochester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rochester 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 Rochester's effective property tax rate to other counties in Texas and the national median. For comparison, the 79544 zip code has the highest median property tax rate of 1.46%, while the 79544 zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Rochester provides valuable insights into the varying tax landscape across Haskell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rochester Tax Rate
1.46%
Average Haskell County Tax Rate
1.85%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rochester, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79544 | 0.70% | 1.11% | 1.46% | 2.30% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Rochester, Texas
In Rochester, 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 Haskell 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 Rochester, 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. The median home price in Rochester is $41,010, with tax bills ranging from $391 at the 25th percentile to $2,139 at the 90th percentile. Notably, the zip code 79544 has both the highest and lowest median tax bill at $623. Being aware of these valuation processes in Rochester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rochester Assessed Value
$41,010
Average Haskell County Assessed Value
$63,955
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rochester, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79544 | $13,559 | $24,920 | $41,010 | $98,670 | $186,442 |
Source: Ownwell
Property Tax Bills Across Rochester, Texas
In Rochester, Haskell County, TX, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $41,010, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $391, while at the 75th percentile, it reaches approximately $1,059. For those at the 90th percentile, the tax bill can be as high as $2,139. Factors such as property improvements, changes in market value, and local government budgets can influence the assessed value and, subsequently, the tax bill. Compared to the national median property tax rate of 0.99%, the tax rate in Rochester may seem relatively modest but can still impact homeowners significantly, especially those on fixed incomes. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Rochester Tax Bill
$623
Average Haskell County Tax Bill
$952
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rochester, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79544 | $232 | $391 | $623 | $1,059 | $2,139 |
Source: Ownwell