Red Rock, Texas Property Taxes
The median property tax rate in Red Rock, TX is 0.91%, which is notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $365,835 in Red Rock, the typical annual property tax bill amounts to $2,749, slightly above the national median of $2,690. Property taxes in Red Rock are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Red Rock'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 Red Rock or another part of Caldwell County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Red Rock, 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 Red Rock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Red Rock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Red Rock 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 Red Rock, Texas
Property taxes in Red Rock, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Red Rock is 0.91%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Red Rock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Red Rock 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 Red Rock's effective property tax rate to other counties in Texas and the national median. For comparison, the 78662 zip code has the highest median property tax rate of 0.91%, while the 78662 zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Red Rock provides valuable insights into the varying tax landscape across Caldwell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Red Rock Tax Rate
0.91%
Average Caldwell County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Red Rock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78662 | 0.21% | 0.46% | 0.91% | 1.42% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Red Rock, Texas
In Red Rock, 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 Caldwell 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. Assessment notices in Red Rock 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 Red Rock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,749 in the 78662 zip code, while the lowest median tax bill is also $2,749 in the same zip code.
Average Red Rock Assessed Value
$365,835
Average Caldwell County Assessed Value
$238,560
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Red Rock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78662 | $70,390 | $137,940 | $365,835 | $653,165 | $1,053,745 |
Source: Ownwell
Property Tax Bills Across Red Rock, Texas
In Red Rock, Caldwell 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 property tax rate to determine the annual tax bill. For instance, with a median home price of $365,835, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors like the property's location, improvements, and market conditions play a significant role in determining the assessed value. In Red Rock, the tax bill at the 25th percentile is $1,104, while at the 75th percentile, it rises to $4,912. For those at the 90th percentile, the tax bill can reach up to $6,979. These figures highlight the range of property tax burdens homeowners may face. Comparatively, Caldwell County's highest and lowest median tax bill both stand at $2,749, which offers a benchmark for understanding local tax obligations. These property taxes significantly impact homeowners' annual expenses, making it crucial to understand how these bills are calculated and managed.
Average Red Rock Tax Bill
$2,749
Average Caldwell County Tax Bill
$2,989
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Red Rock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78662 | $571 | $1,104 | $2,749 | $4,912 | $6,979 |
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 | |
|---|---|
| Caldwell Appraisal District | |
| Website | esearch.caldwellcad.org |