Rotan, Texas Property Taxes
The median property tax rate in Rotan, TX is 1.39%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $55,780 in Rotan, the typical annual property tax bill is $678, significantly below the national median of $2,690. Property taxes in Rotan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Rotan'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 Rotan or another part of Fisher County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rotan, 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 Rotan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rotan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rotan 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 Rotan, Texas
Property taxes in Rotan, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rotan is 1.39%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Rotan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rotan 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 Rotan's effective property tax rate to other counties in Texas and the national median. For comparison, the 79546 zip code has the highest median property tax rate of 1.39%, while the 79546 zip code has the lowest median tax rate of 1.39%. Understanding how these cities compare with Rotan provides valuable insights into the varying tax landscape across Fisher County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rotan Tax Rate
1.39%
Average Fisher County Tax Rate
1.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rotan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79546 | 0.68% | 0.93% | 1.39% | 2.18% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Rotan, Texas
In Rotan, 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 Fisher 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 Rotan, 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 Rotan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 79546, with a median tax bill of $678.
Average Rotan Assessed Value
$55,780
Average Fisher County Assessed Value
$68,150
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rotan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79546 | $7,994 | $25,870 | $55,780 | $97,240 | $143,098 |
Source: Ownwell
Property Tax Bills Across Rotan, Texas
In Rotan, property tax bills are calculated based on the assessed value of the property, which is determined by the Fisher County appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors influencing the tax bill include the property's market value, any applicable exemptions, and the specific tax rate set by local taxing authorities. Homeowners in Rotan can expect varying tax bills depending on their property's value and applicable exemptions. For instance, the median home price in Rotan is $55,780. Tax bills can range significantly, with the 25th percentile at $314, the 75th percentile at $1,343, and the 90th percentile reaching $2,086. Compared to the national median property tax rate of 0.99%, Rotan's property tax rates can be relatively modest, providing some relief to homeowners. However, the impact on individual homeowners can vary widely based on their specific property values and any exemptions they qualify for, making it essential to understand the local tax landscape.
Average Rotan Tax Bill
$678
Average Fisher County Tax Bill
$753
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rotan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79546 | $131 | $314 | $678 | $1,343 | $2,086 |
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 | |
|---|---|
| Fisher Appraisal District | |
| Website | esearch.fishercad.org |