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Richwood, Brazoria County, Texas Property Taxes

  • Median Richwood, TX effective property tax rate: 1.50%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Richwood, TX home value: $268,145

  • Median annual Richwood, TX tax bill: $3,519, $1,119 higher than the national median property tax bill of $2,400.

How are property taxes in Brazoria County calculated?

Property taxes in Richwood, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Richwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Richwood, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Richwood, Brazoria County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.5%

Estimate Property Tax Bill

$4,022

$3,732

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Richwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Richwood with just two data points. By entering your property's estimated assessed value, our calculator applies Richwood’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Brazoria County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Richwood, Brazoria County, Texas

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Richwood’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Richwood, located in Brazoria County, has a median property tax rate of 1.50%, which is notably higher than the national median of 1.02%. Within Brazoria County, the property tax rates fluctuate, with the highest median rate being 1.55% in the 77566 zip code and the lowest at 1.47% in the 77531 zip code. This variation highlights how property tax rates can differ even within a single county, influenced by local budgetary needs and property values.

Property Tax Rates Across Richwood, Brazoria County, Texas

Source: Ownwell

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0.97%

1.88%

2.80%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Richwood Tax Rate

1.50%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Brazoria County Tax Rate

1.70%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Richwood, Brazoria County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
77515N/AN/AN/AN/AN/A
775310.77%1.17%1.47%1.73%2.13%
775661.26%1.33%1.55%1.59%2.13%

Source: Ownwell

Property Tax Assessment Values Across Richwood, Brazoria County, Texas

When examining property taxes in Richwood, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Brazoria County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Brazoria County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Richwood. For example, the median home price in Richwood is $268,145, with tax bills ranging significantly across the county. Zip code 77566 has the highest median home price at $297,510.

Property Tax Assessment Values Across Richwood, Brazoria County, Texas

Source: Ownwell

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$48,610

$279,123

$509,635

Median Richwood Market Value

$268,145

Median Brazoria County Market Value

$300,000

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Richwood, Brazoria County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
77515N/AN/AN/AN/AN/A
77531$168,584$210,010$258,655$309,702$526,350
77566$264,860$277,450$297,510$313,120$333,860

Source: Ownwell

Property Tax Bills Across Richwood, Brazoria County, Texas

In Richwood, located in Brazoria County, Texas, property tax bills are calculated based on the assessed value of a home. Homeowners in this area face a median property tax bill that is significantly higher than the national median of $2,400, with the 25th percentile at $2,119 and the 75th percentile at $4,778. These figures reflect the local tax rate applied to the assessed value of properties, which is determined by the county's appraisal district. Factors such as market trends, property improvements, and neighborhood changes can influence assessed values, impacting the tax bill. For homeowners, this can mean a substantial financial burden, especially when the tax bill reaches the 90th percentile of $7,303. Ownwell offers a valuable service by assisting homeowners in appealing their property tax assessments and identifying potential exemptions. By leveraging expert knowledge and experience, Ownwell can help reduce the financial strain on homeowners, ensuring they pay only their fair share of property taxes.

Property Tax Bills Across Richwood, Brazoria County, Texas

Source: Ownwell

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$367

$5,985

$11,603

Median Richwood Tax Bill

$3,519

Median Brazoria County Tax Bill

$4,236

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Richwood, Brazoria County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
77515N/AN/AN/AN/AN/A
77531$805$1,917$3,201$4,705$7,501
77566$3,574$3,915$4,331$4,946$6,086

Source: Ownwell

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