Rollingwood, Texas Property Taxes
The median property tax rate in Rollingwood, TX is 0.79%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Rollingwood, the typical annual property tax bill reaches $27,546, far exceeding the national median of $2,690. Property taxes in Rollingwood 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 Rollingwood'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 Rollingwood or another part of Travis County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rollingwood, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$24,875
$23,015
$1,148
Average Rollingwood, Texas Tax Savings
Ownwell’s Rollingwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rollingwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rollingwood 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 Rollingwood. 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 Rollingwood, Texas
Property taxes in Rollingwood, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rollingwood is 1.89%, significantly higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Rollingwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rollingwood 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 Rollingwood's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in Texas is 2.47%, while the lowest median tax rate is 0.61%. Understanding how these cities compare with Rollingwood provides valuable insights into the varying tax landscape across Travis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rollingwood Tax Rate
0.79%
Average Travis County Tax Rate
1.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rollingwood, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78746 | 0.57% | 0.69% | 0.79% | 1.00% | 1.43% |
Source: Ownwell
$1,148
Average Rollingwood Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Rollingwood, Texas
In Rollingwood, 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 Travis 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 Rollingwood, 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. The median home price in Rollingwood is $3,148,722, with tax bills ranging from $18,264 at the 25th percentile to $54,445 at the 90th percentile. The highest and lowest median tax bills are both $27,546, found in the 78746 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 Rollingwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rollingwood Assessed Value
$3,148,722
Average Travis County Assessed Value
$537,591
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rollingwood, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78746 | $2,255,314 | $2,564,469 | $3,148,722 | $4,060,245 | $4,918,803 |
Source: Ownwell
$1,148
Average Rollingwood Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Rollingwood, Texas
In Rollingwood, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Rollingwood is $3,148,722, and the tax rate in Travis County significantly impacts homeowners. For instance, the 25th percentile tax bill is $18,264, while the 75th percentile tax bill reaches $37,777. Factors like property size, location, and market conditions are crucial in determining the assessed value, which in turn influences the tax bill. Homeowners in Rollingwood face substantial property tax bills, with the highest median tax bill in the area being $27,546, matching the lowest. This is considerably higher than the national median property tax rate of 0.99%. Ownwell can help homeowners by offering expert property tax appeal and exemption services, ensuring that assessments are fair and accurate. By leveraging their expertise, homeowners can potentially reduce their tax liabilities, making significant savings on their property tax bills.
Average Rollingwood Tax Bill
$27,546
Average Travis County Tax Bill
$7,669
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rollingwood, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78746 | $14,922 | $18,264 | $27,546 | $37,777 | $54,445 |
Source: Ownwell
$1,148
Average Rollingwood Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Travis Appraisal District | |
| Phone | (512) 834-9317 |
| Website | stage.travis.prodigycad.com |
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