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Rockwall, Collin County, Texas Property Taxes

  • Median Rockwall, TX effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Rockwall, TX home value: $419,474

  • Median annual Rockwall, TX tax bill: $1,829, $571 lower than the national median property tax bill of $2,400.

How are property taxes in Collin calculated?

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

Last Updated March 1, 2025

Rockwall, Collin County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$3,649

$3,387

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Rockwall Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rockwall with just two data points. By entering your property's estimated assessed value, our calculator applies Rockwall’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 Collin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Rockwall, Collin County, Texas

Local government entities set tax rates, and these can vary widely within a state. 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 votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. In Rockwall, located in Rockwall County, Texas, the effective property tax rate is 0.87%. This rate is notably below the national median property tax rate of 1.02%, making it an attractive location for property owners looking to save on taxes. When compared to other areas in Texas, Rockwall's rate is consistent with the state's median, reflecting a balanced approach to property taxation. The relatively lower tax rate in Rockwall not only makes it appealing for potential homeowners but also contributes to the overall affordability of living in this vibrant city.

Property Tax Rates Across Rockwall, Collin County, Texas

Source: Ownwell

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0.21%

1.09%

1.98%

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 Rockwall Tax Rate

0.87%

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 Collin County Tax Rate

1.49%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Rockwall, Collin County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
750870.14%0.19%0.87%1.28%1.35%

Source: Ownwell

Property Tax Assessment Values Across Rockwall, Collin County, Texas

When examining property taxes in Rockwall, 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 Collin 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.

Assessment notices: In Collin 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 Rockwall. For example, the median home price in Rockwall is $419,474, with tax bills ranging significantly across the county. 75087 has the highest median home price at $419,474.

Property Tax Assessment Values Across Rockwall, Collin County, Texas

Source: Ownwell

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$284,449

$817,099

$1,349,748

Median Rockwall Market Value

$419,474

Median Collin County Market Value

$496,962

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Rockwall, Collin County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75087$124,294$265,923$419,474$834,619$1,003,985

Source: Ownwell

Property Tax Bills Across Rockwall, Collin County, Texas

In Rockwall, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is based on the market value of the property, which is subject to periodic evaluations. Factors such as property size, location, and improvements can influence this valuation. The average tax bill in Rockwall is significantly lower than the national median property tax bill of $2,400, with the median tax bill being $1,829. However, homeowners in the 90th percentile can face tax bills as high as $11,747, which can be burdensome.

Homeowners can benefit from appealing their property assessments to ensure they are not overpaying in taxes. This is where Ownwell can provide valuable assistance. By leveraging expert knowledge and experience, Ownwell can help homeowners navigate the complexities of the tax appeal process. This can result in reduced property tax bills, offering significant savings. Engaging with Ownwell's services can be a strategic move for Rockwall homeowners looking to optimize their property tax expenses.

Property Tax Bills Across Rockwall, Collin County, Texas

Source: Ownwell

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$797

$9,028

$17,259

Median Rockwall Tax Bill

$1,829

Median Collin County Tax Bill

$6,925

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Rockwall, Collin County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75087$133$349$1,829$7,924$11,747

Source: Ownwell

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