Round Mountain, Texas Property Taxes
The median property tax rate in Round Mountain, TX is 0.19%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Round Mountain, the typical annual property tax bill reaches $8,338, which is notably higher than the national median of $2,690. Property taxes in Round Mountain 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 Round Mountain'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 Round Mountain 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
Round Mountain, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.19%
Estimate Property Tax Bill
$7,480
$6,920
$1,148
Average Round Mountain, Texas Tax Savings
Ownwell’s ROUND MOUNTAIN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ROUND MOUNTAIN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ROUND MOUNTAIN 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 ROUND MOUNTAIN. 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 Round Mountain, Texas
Property taxes in Round Mountain, Texas, are essential for funding critical local services like public schools, road maintenance, and emergency services. The median tax rate in Round Mountain is 0.19%, which is significantly lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Round Mountain set these rates annually, and they can vary considerably across different neighborhoods. Each year, Round Mountain 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 Round Mountain'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 2.18%, while the lowest median tax rate is 0.11%. Understanding how these cities compare with Round Mountain provides valuable insights into the varying tax landscape across Burnet County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Round Mountain Tax Rate
0.19%
Average Burnet County Tax Rate
1.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Round Mountain, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78663 | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% |
Source: Ownwell
$1,148
Average Round Mountain Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Round Mountain, Texas
In ROUND MOUNTAIN, 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 Burnet 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 ROUND MOUNTAIN, 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 ROUND MOUNTAIN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bills is 78663, with a median bill of $8,338.
Property Tax Assessment Values Across Round Mountain, Texas
Source: Ownwell
$234,087
$2,085,359
$3,936,630
Average Round Mountain Assessed Value
$3,936,630
Average Burnet County Assessed Value
$355,573
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Round Mountain, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78663 | $1,479,716 | $2,401,059 | $3,936,630 | $4,113,502 | $4,219,626 |
Source: Ownwell
$1,148
Average Round Mountain Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Round Mountain, Texas
In Round Mountain, Burnet County, TX, property tax bills are calculated based on the property's assessed value and the local tax rate. The median home price in Round Mountain stands at $3,936,630, which significantly influences the tax bill. Homeowners can expect a median property tax bill of $8,338, which is notably higher than the national median property tax rate of 0.99%. Factors like property size, location, and improvements contribute to the assessed value, thereby affecting the overall tax bill. High property tax bills can be a burden for homeowners, but Ownwell offers valuable assistance. Our property tax consulting services help identify potential errors in assessments and ensure that homeowners are not overpaying. By leveraging our expertise, we can appeal property tax assessments and secure exemptions where applicable, potentially saving homeowners a substantial amount on their tax bills. Engage with Ownwell to navigate the complexities of property taxes and achieve significant savings.
Average Round Mountain Tax Bill
$8,338
Average Burnet County Tax Bill
$4,017
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Round Mountain, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78663 | $8,338 | $8,338 | $8,338 | $8,338 | $8,338 |
Source: Ownwell
$1,148
Average Round Mountain 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 | |
|---|---|
| Burnet Appraisal District | |
| Website | esearch.burnet-cad.org |
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