Rochelle, Texas Property Taxes
The median property tax rate in Rochelle, TX is 1.44%, higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Rochelle, the typical annual property tax bill reaches $822, which is below the national median of $2,690. Property taxes in Rochelle are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Rochelle'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 Rochelle 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
Rochelle, 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 Rochelle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rochelle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rochelle 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 Rochelle, Texas
Property taxes in Rochelle, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rochelle is 1.44%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Rochelle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rochelle 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 Rochelle's effective property tax rate to other counties in Texas and the national median. For comparison, the 76872 zip code has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Rochelle provides valuable insights into the varying tax landscape across McCulloch County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rochelle Tax Rate
1.44%
Average Mcculloch County Tax Rate
1.81%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rochelle, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76872 | 1.09% | 1.23% | 1.44% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Rochelle, Texas
In Rochelle, 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 McCulloch 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 Rochelle, 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 Rochelle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rochelle is $62,545, with the highest and lowest median tax bills recorded at $822 in the 76872 zip code.
Average Rochelle Assessed Value
$62,545
Average Mcculloch County Assessed Value
$74,310
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rochelle, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76872 | $9,445 | $28,480 | $62,545 | $113,488 | $187,069 |
Source: Ownwell
Property Tax Bills Across Rochelle, Texas
In Rochelle, located in McCulloch County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Rochelle is $62,545. Property taxes are determined by multiplying the assessed value by the local tax rate, which varies within the county. Homeowners in Rochelle experience a range of tax bills, with the 25th percentile at $397 and the 75th percentile at $1,503. The highest median tax bill in the area is $822, found in the 76872 zip code. These tax bills impact homeowners significantly, as they must budget for these annual expenses. Compared to the national median property tax rate of 0.99%, Rochelle's tax rates can vary, influencing how much homeowners ultimately pay. Understanding these factors helps homeowners anticipate their financial responsibilities and manage their budgets more effectively.
Average Rochelle Tax Bill
$822
Average Mcculloch County Tax Bill
$1,255
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rochelle, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76872 | $141 | $397 | $822 | $1,503 | $2,478 |
Source: Ownwell