Rule, Texas Property Taxes
The median property tax rate in Rule, TX is 1.22%, 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 $63,740 in Rule, the typical annual property tax bill amounts to $742, significantly less than the national median of $2,690. Property taxes in Rule are determined based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural use. Gaining a thorough understanding of Rule's property tax system, exploring available exemptions, and seeking opportunities for reductions can result in substantial annual savings. Whether you're residing in the heart of Rule or another part of the city, familiarizing yourself with the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Rule, 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 RULE Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in RULE with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in RULE to provide an accurate property tax bill estimate. This insightful tool helps you understand your potential tax liabilities. For those interested in more detailed trends on a neighborhood level, additional localized information is available below. 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 Rule, Texas
Property taxes in RULE, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in RULE is 1.22%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within RULE set these rates annually, and they can vary significantly across different neighborhoods. Each year, RULE 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 RULE's effective property tax rate to other counties in Texas and the national median. For comparison, the 79547 zip code has the highest median property tax rate of 1.43%, while 79548 has the lowest median tax rate of 0.63%. Understanding how these cities compare with RULE 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 Rule Tax Rate
1.22%
Average Haskell County Tax Rate
1.85%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rule, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79547 | 0.61% | 0.95% | 1.43% | 1.90% | 1.90% |
| 79548 | 0.13% | 0.43% | 0.63% | 1.49% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Rule, Texas
In RULE, 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 RULE, 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. For example, the highest median tax bill in RULE is $779 in the 79548 zip code, while the lowest median tax bill is $736 in the 79547 zip code. 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 RULE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rule Assessed Value
$63,740
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 Rule, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79547 | $18,220 | $31,160 | $59,790 | $98,440 | $162,600 |
| 79548 | $34,609 | $60,282 | $128,790 | $232,045 | $403,924 |
Source: Ownwell
Property Tax Bills Across Rule, Texas
In RULE, located in Haskell County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the total tax bill. For example, with a median home price of $63,740, homeowners can expect to pay property taxes that fall within a range, depending on various factors like exemptions and specific tax rates in their area. In RULE, the 25th percentile tax bill is around $414, while the 75th percentile tax bill reaches approximately $1,176. The highest median tax bill in the area is $779 in the 79548 zip code, whereas the lowest is $736 in the 79547 zip code. These figures are influenced by the local tax rate and assessed home values, which can vary significantly. Compared to the national median property tax rate of 0.99%, homeowners in RULE may find their tax bills relatively manageable, although individual circumstances can lead to variations.
Average Rule Tax Bill
$742
Average Haskell County Tax Bill
$952
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rule, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79547 | $232 | $412 | $736 | $1,168 | $1,774 |
| 79548 | $251 | $431 | $779 | $1,278 | $1,811 |
Source: Ownwell