Rockwood, Coleman County, Texas Property Taxes
Median Rockwood, TX effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but also lower than the Texas state median of 1.67%. Median Rockwood, TX home value: $161,180. Median annual Rockwood, TX tax bill: $883, $1,517 lower than the national median property tax bill of $2,400.
How are property taxes in Coleman calculated?
Property taxes in Rockwood, 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 Rockwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Rockwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rockwood, Coleman County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.65%
Estimate Property Tax Bill
$1,048
$972
Ownwell’s Rockwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rockwood with just two data points.
By entering your property's estimated assessed value, our calculator applies Rockwood’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 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 Coleman County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Rockwood, Coleman County, Texas
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 Rockwood Tax Rate
0.65%
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 Coleman County Tax Rate
2.45%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Rockwood, Coleman County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76873 | 0.18% | 0.27% | 0.65% | 1.89% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Rockwood, Coleman County, Texas
When examining property taxes in Rockwood, 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 Coleman 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 Coleman County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Rockwood. For example, the median home price in Rockwood is $161,180, with tax bills ranging significantly across the county. 76873 has the highest median home price at $161,180.
Property Tax Assessment Values Across Rockwood, Coleman County, Texas
Source: Ownwell
$14,500
$173,630
$332,760
Median Rockwood Market Value
$161,180
Median Coleman County Market Value
$44,875
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Rockwood, Coleman County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76873 | $9,742 | $30,385 | $161,180 | $570,875 | $830,648 |
Source: Ownwell
Property Tax Bills Across Rockwood, Coleman County, Texas
Property tax bills in Rockwood, located in Coleman County, TX, are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Rockwood face a median property tax bill significantly lower than the national median of $2,400. However, the tax burden can vary widely, with bills ranging from $341 at the 25th percentile to $3,875 at the 90th percentile. These variations are influenced by factors such as property size, location, and market conditions.
For homeowners, high property tax bills can pose a financial strain. Ownwell offers a solution by providing expert property tax appeal services. By analyzing the assessed value and comparing it with market data, Ownwell helps homeowners identify potential discrepancies and file appeals to reduce their tax bills. This service not only offers financial relief but also ensures that homeowners are paying a fair amount based on their property's true value.
Median Rockwood Tax Bill
$883
Median Coleman County Tax Bill
$898
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Rockwood, Coleman County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76873 | $129 | $341 | $883 | $1,673 | $3,875 |
Source: Ownwell