Rocksprings, Edwards County, Texas Property Taxes
The median property tax rate in Rocksprings, TX is 1.54%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $67,146 in Rocksprings, the typical annual property tax bill amounts to $772, which is significantly lower than the national median of $2,690. Property taxes in Rocksprings are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Rocksprings' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rocksprings or another part of Edwards County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rocksprings, Edwards County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$1,034
$960
Ownwell’s Rocksprings Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rocksprings with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rocksprings 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 Rocksprings, Edwards County, Texas
Property taxes in Rocksprings, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rocksprings is 1.54%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Rocksprings set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rocksprings 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 Rocksprings' effective property tax rate to other counties in Texas and the national median. For comparison, the 78880 zip code has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with Rocksprings provides valuable insights into the varying tax landscape across Edwards County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rocksprings Tax Rate
1.54%
Average Edwards County Tax Rate
1.44%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rocksprings, Edwards County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78880 | 0.21% | 0.73% | 1.54% | 2.01% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Rocksprings, Edwards County, Texas
In Rocksprings, 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 Edwards 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. Assessment notices in Rocksprings 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. The median home price in Rocksprings stands at $67,146, with tax bills ranging from $374 at the 25th percentile to $2,345 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Rocksprings, Edwards County, Texas
Source: Ownwell
$67,146
$160,510
$253,874
Average Rocksprings Assessed Value
$67,146
Average Edwards County Assessed Value
$71,862
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rocksprings, Edwards County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78880 | $13,883 | $29,826 | $67,146 | $170,635 | $357,172 |
Source: Ownwell
Property Tax Bills Across Rocksprings, Edwards County, Texas
Property tax bills in Rocksprings, located in Edwards County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. In Rocksprings, the median home price is $67,146, which influences the overall tax burden for homeowners. For example, homeowners in the 25th percentile can expect a tax bill of approximately $374, while those in the 75th percentile face a bill around $1,490. At the 90th percentile, the tax bill can reach up to $2,345. These figures show a range of tax obligations depending on property values, significantly impacting household budgets. With the national median property tax rate at 0.99%, Rocksprings' tax rates are relatively moderate, providing some financial relief compared to higher-tax regions. Understanding these factors helps homeowners anticipate and manage their property tax responsibilities effectively.
Average Rocksprings Tax Bill
$772
Average Edwards County Tax Bill
$806
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rocksprings, Edwards County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78880 | $172 | $374 | $772 | $1,490 | $2,345 |
Source: Ownwell