Red Rock, Texas Property Taxes
The median property tax rate in Red Rock, TX is 1.08%, slightly higher than the national median of 0.99% but significantly lower than the Texas state median of 1.67%. With the median home value in Red Rock, the typical annual property tax bill reaches $2,265, which is below the national median of $2,690. Property taxes in Red Rock are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Red 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 Red 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
Red Rock, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,912
$2,695
$1,148
Average Red Rock, Texas Tax Savings
Ownwell’s Red Rock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Red Rock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Red 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 Red 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 Red Rock, Texas
Property taxes in Red Rock, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Red Rock is 1.08%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Red Rock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Red 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 Red Rock's effective property tax rate to other counties in Texas and the national median. For comparison, the 78662 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Red Rock provides valuable insights into the varying tax landscape across Bastrop County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Red Rock Tax Rate
1.08%
Average Bastrop County Tax Rate
1.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Red Rock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78662 | 0.24% | 0.59% | 1.08% | 1.74% | 1.77% |
Source: Ownwell
$1,148
Average Red Rock Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Red Rock, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Red Rock, Texas. 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 Bastrop 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 Red 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. The median home price in Red Rock is $269,667, with tax bills ranging from $1,015 at the 25th percentile to $6,335 at the 90th percentile. The highest and lowest median tax bills are both $2,265, found in the zip code 78662. By understanding 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 Red Rock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Red Rock Assessed Value
$269,667
Average Bastrop County Assessed Value
$264,754
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Red Rock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78662 | $43,616 | $126,366 | $269,667 | $440,114 | $654,297 |
Source: Ownwell
$1,148
Average Red Rock Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Red Rock, Texas
Property tax bills in Red Rock, Bastrop County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in Red Rock can expect a median home price of $269,667, with property tax bills varying significantly. For instance, the 25th percentile tax bill is $1,015, while the 75th percentile reaches $4,013, and the 90th percentile can be as high as $6,335. The median property tax bill in the 78662 zip code stands at $2,265, which is above the national median property tax rate of 0.99%. These tax bills can significantly impact homeowners' finances, making it crucial to ensure they are not overpaying. Ownwell helps homeowners by providing property tax appeal and exemption services, ensuring that their property is fairly assessed and that they benefit from all available exemptions. This can lead to substantial savings, reducing the financial burden of property taxes.
Average Red Rock Tax Bill
$2,265
Average Bastrop County Tax Bill
$2,784
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Red Rock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78662 | $373 | $1,015 | $2,265 | $4,013 | $6,335 |
Source: Ownwell
$1,148
Average Red 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 | |
|---|---|
| Bastrop Appraisal District | |
| Website | esearch.bastropcad.org |
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