Rising Star, Texas Property Taxes
The median property tax rate in Rising Star, TX is 1.66%, slightly lower than the Texas state median of 1.67% but still higher than the national median of 0.99%. With a median home value of $65,180 in Rising Star, the typical annual property tax bill amounts to $867, which is significantly below the national median of $2,690. Property taxes in Rising Star are calculated based on the tax assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding the property tax system in Rising Star, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rising Star or another part of Eastland County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rising Star, 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 Rising Star Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rising Star with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rising Star 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 Rising Star, Texas
Property taxes in Rising Star, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rising Star is 1.66%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Rising Star set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rising Star 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 Rising Star's effective property tax rate to other counties in Texas and the national median. For comparison, the 76471 zip code has the highest median property tax rate of 1.66%, while the same zip code has the lowest median tax rate of 1.66%. Understanding how these cities compare with Rising Star provides valuable insights into the varying tax landscape across Eastland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rising Star Tax Rate
1.66%
Average Eastland County Tax Rate
1.80%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rising Star, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76471 | 0.62% | 1.19% | 1.66% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Rising Star, Texas
In Rising Star, 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 Eastland 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 Rising Star, 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 zip code 76471 has the highest median tax bill at $867, which is also the lowest median tax bill in the area. 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 Rising Star helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rising Star Assessed Value
$65,180
Average Eastland County Assessed Value
$83,990
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rising Star, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76471 | $6,978 | $27,470 | $65,180 | $139,770 | $267,176 |
Source: Ownwell
Property Tax Bills Across Rising Star, Texas
In Rising Star, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate set by Eastland County. For example, with a median home price of $65,180, homeowners can expect varying tax bills depending on the assessed value and specific tax rate applied. Factors influencing the tax bill include property size, location, and any applicable exemptions. For instance, the 25th percentile tax bill is around $348, while the 75th percentile reaches $1,740, and the 90th percentile can go up to $2,716. These figures highlight the range of potential tax liabilities homeowners might face. Comparatively, the property tax rate in Rising Star is aligned with the national median property tax rate of 0.99%, providing a benchmark for homeowners to understand their tax obligations. This system ensures that property taxes are fairly distributed based on property values, impacting homeowners' annual financial planning.
Average Rising Star Tax Bill
$867
Average Eastland County Tax Bill
$1,311
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rising Star, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76471 | $95 | $348 | $867 | $1,740 | $2,716 |
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 | |
|---|---|
| Eastland Appraisal District | |
| Website | www.eastlandcad.org |