Rock Island, Texas Property Taxes
The median property tax rate in Rock Island, TX is 0.96%, slightly below the national median of 0.99% and significantly lower than the Texas state median of 1.67%. With a median home value of $45,090 in Rock Island, the typical annual property tax bill amounts to $425, which is well below the national median of $2,690. Property taxes in Rock Island are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Rock Island'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 Rock Island or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rock Island, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$433
$401
Ownwell’s Rock Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rock Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rock Island 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 Rock Island, Texas
Property taxes in Rock Island, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rock Island is 0.96%, lower than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Rock Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rock Island 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 Rock Island's effective property tax rate to other counties in Texas and the national median. For comparison, the 77470 zip code has the highest median property tax rate of 0.96%, while the 77470 zip code also has the lowest median tax rate of 0.96%. Understanding how these cities compare with Rock Island provides valuable insights into the varying tax landscape across Colorado County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rock Island Tax Rate
0.96%
Average Colorado County Tax Rate
1.13%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rock Island, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77470 | 0.20% | 0.40% | 0.96% | 1.51% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Rock Island, Texas
In Rock Island, 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 Colorado 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 Rock Island, 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 Rock Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 77470 has both the highest and lowest median tax bills, each at $425.
Average Rock Island Assessed Value
$45,090
Average Colorado County Assessed Value
$111,020
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rock Island, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77470 | $8,936 | $21,630 | $45,090 | $97,740 | $196,538 |
Source: Ownwell
Property Tax Bills Across Rock Island, Texas
In Rock Island, Colorado County, TX, property tax bills are calculated based on the assessed value of a property, which is determined by the county appraisal district. The median home price in Rock Island stands at $45,090. Property tax bills in this area can vary significantly, with the 25th percentile at $156 and the 75th percentile reaching $768. For those in the 90th percentile, tax bills can be as high as $1,832. Factors considered in determining the tax bill include the property's assessed value, the local tax rate, and any applicable exemptions. The highest and lowest median tax bills both stand at $425 in the zip code 77470 within Colorado County. Compared to the national median property tax rate of 0.99%, Rock Island homeowners experience a range of tax burdens. These property tax bills can significantly impact homeowners, influencing their overall housing costs and financial planning. Understanding these factors is crucial for managing property-related expenses effectively.
Average Rock Island Tax Bill
$425
Average Colorado County Tax Bill
$1,356
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rock Island, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77470 | $94 | $156 | $425 | $768 | $1,832 |
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 | |
|---|---|
| Colorado Appraisal District | |
| Website | propaccess.trueautomation.com |