Round Rock, Texas Property Taxes
The median property tax rate in Round Rock, TX is 1.67%, aligning with the Texas state median but significantly higher than the national median of 0.99%. With a median home value of $422,203 in Round Rock, the typical annual property tax bill reaches $7,788, far exceeding the national median of $2,690. Property taxes in Round Rock 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 Round 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 Round Rock 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
Round Rock, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$7,051
$6,524
$1,148
Average Round Rock, Texas Tax Savings
Ownwell’s Round Rock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Round Rock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Round Rock to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Round Rock. 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 Round Rock, Texas
Property taxes in Round Rock, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Round Rock is 1.67%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Round Rock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Round 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 Round Rock's effective property tax rate to other counties in Texas and the national median. For comparison, the 78665 zip code has the highest median property tax rate of 1.69%, while the 78664 zip code has the lowest median tax rate of 1.60%. Understanding how these cities compare with Round Rock provides valuable insights into the varying tax landscape across Williamson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Round Rock Tax Rate
1.67%
Average Williamson County Tax Rate
1.78%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Round Rock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78664 | 1.38% | 1.47% | 1.60% | 2.14% | 2.29% |
| 78665 | 1.42% | 1.51% | 1.69% | 2.18% | 2.46% |
| 78681 | 1.47% | 1.55% | 1.68% | 2.01% | 2.37% |
Source: Ownwell
$1,148
Average Round Rock Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Round Rock, Texas
In Round 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 Williamson 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 Round Rock, 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 Round Rock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Round Rock is $8,311 in zip code 78681, while the lowest is $6,523 in zip code 78664.
Average Round Rock Assessed Value
$422,203
Average Williamson County Assessed Value
$413,321
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Round Rock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78664 | $279,876 | $311,230 | $352,017 | $432,514 | $581,785 |
| 78665 | $341,364 | $378,258 | $435,310 | $524,470 | $642,060 |
| 78681 | $312,932 | $380,406 | $470,752 | $590,866 | $717,773 |
Source: Ownwell
$1,148
Average Round Rock Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Round Rock, Texas
In Round Rock, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Williamson County. The median home price in this area is $422,203, and property tax rates can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $6,085, while those in the 75th percentile might see bills as high as $9,656. The highest median tax bill in the area is $8,311 in the 78681 zip code, whereas the lowest is $6,523 in the 78664 zip code. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. This can significantly impact homeowners, potentially leading to higher annual costs compared to the national median property tax rate of 0.99%. Ownwell can assist homeowners by appealing their property tax assessments and identifying potential exemptions, helping to reduce their overall tax burden. Our expertise ensures that homeowners pay only their fair share, potentially saving them thousands of dollars annually.
Average Round Rock Tax Bill
$7,788
Average Williamson County Tax Bill
$7,929
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Round Rock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78664 | $4,443 | $5,042 | $6,523 | $8,091 | $9,852 |
| 78665 | $5,408 | $6,603 | $8,208 | $9,926 | $12,040 |
| 78681 | $5,657 | $6,703 | $8,311 | $10,477 | $12,649 |
Source: Ownwell
$1,148
Average Round Rock Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Williamson Appraisal District | |
| Phone | (512) 930-3787 |
| Website | search.wcad.org |
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