Roosevelt, Texas Property Taxes
The median property tax rate in Roosevelt, TX is 0.60%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Roosevelt, the typical annual property tax bill reaches $1,337, which is well below the national median of $2,690. Property taxes in Roosevelt are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Roosevelt'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 Roosevelt 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
Roosevelt, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,239
$1,147
Ownwell’s Roosevelt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roosevelt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roosevelt 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 Roosevelt, Texas
Property taxes in Roosevelt, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roosevelt is 1.25%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Roosevelt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roosevelt 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 Roosevelt's effective property tax rate to other counties in Texas and the national median. For comparison, the 76874 zip code has the highest median property tax rate of 1.25%, while the same 76874 zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Roosevelt provides valuable insights into the varying tax landscape across Kimble County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roosevelt Tax Rate
0.60%
Average Kimble County Tax Rate
0.99%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roosevelt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76874 | 0.25% | 0.47% | 0.60% | 0.77% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Roosevelt, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Roosevelt, Texas. 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 Kimble 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 Roosevelt, 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 Roosevelt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $1,337 in the 76874 zip code, while the lowest is also $1,337 in the same zip code.
Average Roosevelt Assessed Value
$206,540
Average Kimble County Assessed Value
$130,340
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roosevelt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76874 | $53,934 | $91,430 | $206,540 | $459,080 | $716,340 |
Source: Ownwell
Property Tax Bills Across Roosevelt, Texas
In Roosevelt, located in Kimble County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $206,540, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors that influence the final tax bill include the property's assessed value, any applicable exemptions, and the specific tax rates set by local taxing authorities. Homeowners in Roosevelt can expect a wide range of tax bills depending on their property's assessed value. For instance, the tax bill at the 25th percentile is $584, while at the 75th percentile, it reaches $2,505. At the 90th percentile, the tax bill can go up to $3,853. These figures highlight the variability in property tax burdens within the community. Compared to the national median property tax rate of 0.99%, Roosevelt's tax rates can significantly impact homeowners, making it crucial for them to understand their property's assessed value and any available exemptions to manage their tax obligations effectively.
Average Roosevelt Tax Bill
$1,337
Average Kimble County Tax Bill
$1,187
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Roosevelt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76874 | $370 | $584 | $1,337 | $2,505 | $3,853 |
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 | |
|---|---|
| Kimble Appraisal District | |
| Website | propaccess.trueautomation.com |