Rosston, Texas Property Taxes
The median property tax rate in Rosston, TX is 1.45%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $218,415, the typical annual property tax bill in Rosston amounts to $2,499, just below the national median of $2,690. Property taxes in Rosston are based on the tax assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding Rosston's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rosston or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rosston, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$3,167
$2,930
Ownwell’s Rosston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rosston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rosston 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 Rosston, Texas
Property taxes in Rosston, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rosston is 1.45%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Rosston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rosston 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 Rosston's effective property tax rate to other counties in Texas and the national median. For comparison, the 76263 zip code has the highest median property tax rate of 1.45%, while the same 76263 zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with Rosston provides valuable insights into the varying tax landscape across Cooke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rosston Tax Rate
1.45%
Average Cooke County Tax Rate
1.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76263 | 0.88% | 1.30% | 1.45% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Rosston, Texas
In Rosston, 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 Cooke 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 Rosston, 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. Being aware of these valuation processes in Rosston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, in the 76263 zip code, the median tax bill is $2,499, reflecting the highest and lowest median tax bills in the area.
Average Rosston Assessed Value
$218,415
Average Cooke County Assessed Value
$215,126
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rosston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76263 | $56,405 | $141,378 | $218,415 | $415,082 | $742,024 |
Source: Ownwell
Property Tax Bills Across Rosston, Texas
In Rosston, located in Cooke County, TX, 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 county appraisal district, which evaluates the market value of the property. Homeowners in Rosston can expect their property taxes to vary significantly depending on their home's assessed value. For instance, the median home price in the area is $218,415. Tax bills in Rosston range widely, with the 25th percentile at $1,359 and the 75th percentile reaching $4,943. For those at the higher end, the 90th percentile tax bill can be as much as $7,861. The highest median tax bill in the area is $2,499, consistent across the zip code 76263. These property taxes can have a substantial impact on homeowners, influencing their monthly mortgage payments and overall housing affordability. Compared to the national median property tax rate of 0.99%, Rosston’s rates reflect the local economic conditions and funding needs for public services.
Average Rosston Tax Bill
$2,499
Average Cooke County Tax Bill
$2,905
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76263 | $556 | $1,359 | $2,499 | $4,943 | $7,861 |
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 | |
|---|---|
| Cooke Appraisal District | |
| Website | propaccess.trueautomation.com |