Roxton, Texas Property Taxes
The median property tax rate in Roxton, TX is 1.11%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $88,470, the typical annual property tax bill in Roxton is $863, which is well below the national median of $2,690. Property taxes in Roxton are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Roxton’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 Roxton or another part of Lamar County, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Roxton, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Roxton Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Roxton. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Roxton to provide an estimated property tax bill. This valuable tool offers insight into potential tax liabilities, helping you plan and budget more effectively. For those interested in more detailed trends at the neighborhood level, there is additional localized information available. Your property’s assessed value, determined by the county for tax purposes, includes any applicable exemptions, ensuring an accurate estimate.
Property Tax Rates Across Roxton, Texas
Property taxes in Roxton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roxton is 1.11%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Roxton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roxton 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 Roxton's effective property tax rate to other counties in Texas and the national median. For comparison, the 75477 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Roxton provides valuable insights into the varying tax landscape across Lamar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roxton Tax Rate
1.11%
Average Lamar County Tax Rate
1.12%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roxton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75477 | 0.42% | 0.71% | 1.11% | 1.74% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Roxton, Texas
In Roxton, 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 Lamar 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 Roxton, 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 Roxton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Roxton is $88,470, with the 25th percentile tax bill at $354 and the 75th percentile tax bill at $1,595. The highest and lowest median tax bill is $863 in the 75477 zip code.
Average Roxton Assessed Value
$88,470
Average Lamar County Assessed Value
$126,530
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roxton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75477 | $14,064 | $39,285 | $88,470 | $144,140 | $199,766 |
Source: Ownwell
Property Tax Bills Across Roxton, Texas
In Roxton, property tax bills are calculated based on the assessed value of a home, which is determined by the Lamar County appraisal district. The median home price in Roxton is $88,470, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Roxton experience a range of tax bills. For instance, the tax bill at the 25th percentile is $354, while at the 75th percentile, it reaches $1,595. At the 90th percentile, the tax bill can be as high as $2,414. The median tax bill stands at $863, which is relatively moderate compared to the national median property tax rate of 0.99%. These tax bills impact homeowners by affecting their annual housing costs and potentially influencing their financial planning. Understanding these factors can help homeowners in Roxton better anticipate and manage their property tax obligations.
Average Roxton Tax Bill
$863
Average Lamar County Tax Bill
$1,230
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Roxton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75477 | $131 | $354 | $863 | $1,595 | $2,414 |
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 | |
|---|---|
| Lamar Appraisal District | |
| Website | esearch.lamarcad.org |