Roanoke, Texas Property Taxes
The median property tax rate in Roanoke, TX is 1.75%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Roanoke at $364,480, the typical annual property tax bill reaches $6,517, significantly exceeding the national median of $2,690. Property taxes in Roanoke 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 Roanoke'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 Roanoke 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
Roanoke, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$6,378
$5,902
$1,148
Average Roanoke, Texas Tax Savings
Ownwell’s Roanoke Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roanoke with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roanoke to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Roanoke. 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 Roanoke, Texas
Property taxes in Roanoke, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roanoke is 1.75%, higher than both the Texas state median of 1.6% and the U.S. national median of 0.99%. Local government entities within Roanoke set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roanoke 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 Roanoke's effective property tax rate to other counties in Texas and the national median. For comparison, the 76262 zip code has the highest median property tax rate of 1.75%, while the 76262 zip code also has the lowest median tax rate of 1.75%. Understanding how these cities compare with Roanoke provides valuable insights into the varying tax landscape across Tarrant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roanoke Tax Rate
1.75%
Average Tarrant County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roanoke, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76262 | 1.32% | 1.59% | 1.75% | 2.06% | 2.19% |
Source: Ownwell
$1,148
Average Roanoke Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Roanoke, Texas
In Roanoke, 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 Tarrant 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 Roanoke, 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 instance, the median home price in Roanoke is $364,480, with tax bills ranging from $5,533 at the 25th percentile to $15,627 at the 90th percentile. The highest and lowest median tax bills are both $6,517, found in zip code 76262. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively.
Average Roanoke Assessed Value
$364,480
Average Tarrant County Assessed Value
$306,713
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roanoke, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76262 | $274,092 | $311,430 | $364,480 | $442,893 | $1,149,231 |
Source: Ownwell
$1,148
Average Roanoke Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Roanoke, Texas
In Roanoke, TX, within Tarrant County, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local appraisal district and reflects the market value of the property. The tax rate is then applied to this assessed value to calculate the annual property tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Roanoke face a median property tax bill of $6,517, which is significantly higher than the national median property tax rate of 0.99%. High property taxes can be a financial burden for homeowners. Ownwell provides property tax appeal and exemption services to help reduce these costs. By analyzing the assessed value of your property and comparing it to market data, Ownwell identifies opportunities for appealing over-assessments. Successful appeals can result in substantial savings, lowering your annual tax bill and alleviating financial pressure. Trust Ownwell to advocate on your behalf and ensure you’re not overpaying on your property taxes.
Average Roanoke Tax Bill
$6,517
Average Tarrant County Tax Bill
$5,114
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Roanoke, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76262 | $4,571 | $5,533 | $6,517 | $8,037 | $15,627 |
Source: Ownwell
$1,148
Average Roanoke Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 24 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Tarrant Appraisal District | |
| Phone | (817) 284-0024 |
| Website | www.tad.org |
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