Runge, Texas Property Taxes
The median property tax rate in Runge, TX is 1.37%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Runge at $190,604, the typical annual property tax bill reaches $2,609, slightly below the national median of $2,690. Property taxes in Runge are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Runge'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 Runge or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Runge, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$2,611
$2,423
Ownwell’s Runge Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Runge with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Runge to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in trends on a neighborhood level, more localized information is available below. Your property’s assessed value is determined by Goliad County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Runge, Texas
Property taxes in Runge, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Runge is 1.37%, higher than both the Texas state median of 1.6% and the U.S. national median of 0.99%. Local government entities within Runge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Runge 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 Runge's effective property tax rate to other counties in Texas and the national median. For comparison, the 78151 zip code has the highest median property tax rate of 1.37%, while the 78151 zip code has the lowest median tax rate of 1.37%. Understanding how these cities compare with Runge provides valuable insights into the varying tax landscape across Goliad County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Runge Tax Rate
1.37%
Average Goliad County Tax Rate
1.88%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Runge, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78151 | 1.37% | 1.37% | 1.37% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Runge, Texas
In Runge, 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 Goliad 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 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 Runge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Runge are both $2,609, found in the 78151 zip code.
Average Runge Assessed Value
$190,604
Average Goliad County Assessed Value
$106,818
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Runge, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78151 | $190,604 | $190,604 | $190,604 | $190,604 | $190,604 |
Source: Ownwell
Property Tax Bills Across Runge, Texas
In Runge, located in Goliad County, TX, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Runge, the median home price is $190,604, and the median property tax bill stands at $2,609. This tax rate is significantly higher than the national median property tax rate of 0.99%. Several factors influence the assessed value, including the property's market value, its location, and any improvements or additions made to the property. Homeowners in Runge need to be aware of these factors, as they directly impact their annual tax bill. The consistency of the tax bill across various percentiles—25th, 75th, and 90th—indicates a uniform tax rate application in this region. High property taxes can affect homeowners by increasing their annual expenses, making it crucial for them to understand how their tax bill is calculated and what they can do to potentially lower it.
Average Runge Tax Bill
$2,609
Average Goliad County Tax Bill
$1,971
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Runge, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78151 | $2,609 | $2,609 | $2,609 | $2,609 | $2,609 |
Source: Ownwell