Ratcliff, Texas Property Taxes
The median property tax rate in Ratcliff, TX is 1.15%, slightly above the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Ratcliff at $79,365, the typical annual property tax bill amounts to $905, which is significantly below the national median of $2,690. Property taxes in Ratcliff are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Ratcliff'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 Ratcliff 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
Ratcliff, 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 Ratcliff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ratcliff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ratcliff 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 Ratcliff, Texas
Property taxes in Ratcliff, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ratcliff is 1.15%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Ratcliff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ratcliff 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 Ratcliff's effective property tax rate to other counties in Texas and the national median. For comparison, the 75858 zip code has both the highest and lowest median property tax rate of 1.15%. Understanding how these cities compare with Ratcliff provides valuable insights into the varying tax landscape across Houston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ratcliff Tax Rate
1.15%
Average Houston County Tax Rate
1.41%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ratcliff, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75858 | 0.49% | 1.02% | 1.15% | 1.29% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Ratcliff, Texas
In Ratcliff, 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 Houston 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 Ratcliff, 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 Ratcliff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Ratcliff is $905.00 in the zip code 75858, while the lowest median tax bill is also $905.00 in the same zip code.
Average Ratcliff Assessed Value
$79,365
Average Houston County Assessed Value
$89,420
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ratcliff, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75858 | $13,742 | $41,330 | $79,365 | $114,430 | $183,697 |
Source: Ownwell
Property Tax Bills Across Ratcliff, Texas
In Ratcliff, TX, property tax bills are calculated based on the assessed value of the home, which is determined by the local tax assessor. The median home price in Ratcliff is $79,365. Property taxes are then applied to this assessed value using the local tax rate. Factors such as the property's location, size, and any exemptions for which the homeowner may qualify can influence the final tax bill. For homeowners in Ratcliff, the 25th percentile tax bill is approximately $338, while those in the 75th percentile pay around $1,325. At the 90th percentile, the tax bill can reach up to $1,946. Compared to the national median property tax rate of 0.99%, Ratcliff's property taxes may vary, but they are influenced by the same fundamental factors. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thereby directly affecting the quality of life in the community.
Average Ratcliff Tax Bill
$905
Average Houston County Tax Bill
$1,317
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ratcliff, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75858 | $136 | $338 | $905 | $1,325 | $1,946 |
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 | |
|---|---|
| Houston Appraisal District | |
| Website | www.houstoncad.org |