Rusk, Texas Property Taxes
The median property tax rate in Rusk, TX is 1.27%, 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 $116,960, the typical annual property tax bill in Rusk is approximately $1,300, which is below the national median of $2,690. Property taxes in Rusk are calculated based on the assessed value rather than the market value, and various exemptions, such as those for primary residences and agricultural properties, can reduce this assessed value. Understanding Rusk'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 Rusk or elsewhere in Cherokee County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rusk, 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 Rusk Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rusk with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rusk 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 Rusk, Texas
Property taxes in Rusk, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rusk is 1.27%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Rusk set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rusk 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 Rusk's effective property tax rate to other counties in Texas and the national median. For comparison, the 75785 zip code has the highest median property tax rate of 1.27%, while the 75785 zip code has the lowest median tax rate of 1.27%. Understanding how these cities compare with Rusk provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rusk Tax Rate
1.27%
Average Cherokee County Tax Rate
1.52%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rusk, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75785 | 0.69% | 0.94% | 1.27% | 1.47% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Rusk, Texas
In Rusk, 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 Cherokee 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 Rusk, 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. In Rusk, the median home price is $116,960, with the 25th percentile tax bill at $566 and the 75th percentile at $2,307. The highest and lowest median tax bills are both $1,300 in the 75785 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rusk Assessed Value
$116,960
Average Cherokee County Assessed Value
$121,540
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rusk, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75785 | $13,994 | $52,670 | $116,960 | $210,210 | $329,570 |
Source: Ownwell
Property Tax Bills Across Rusk, Texas
In Rusk, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the Cherokee County Appraisal District, which evaluates properties annually. For homeowners, this means the tax bill is directly influenced by the market value of their property. For instance, with a median home price of $116,960 in Rusk, the property tax rate is applied to this value. The tax bill can vary significantly, with the 25th percentile at $566 and the 75th percentile reaching $2,307. At the higher end, the 90th percentile tax bill soars to $3,475. Notably, the median tax bill in the 75785 zip code stands at $1,300, which is higher than the national median property tax rate of 0.99%. This variation in tax bills affects homeowners differently, depending on the value of their property and the specific rates set by local taxing authorities.
Average Rusk Tax Bill
$1,300
Average Cherokee County Tax Bill
$1,611
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rusk, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75785 | $163 | $566 | $1,300 | $2,307 | $3,475 |
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 | |
|---|---|
| Cherokee Appraisal District | |
| Website | propaccess.trueautomation.com |