Riverside, Texas Property Taxes
The median property tax rate in Riverside, TX is 1.42%, which is 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 Riverside, the typical annual property tax bill reaches $741, significantly below the national median of $2,690. Property taxes in Riverside 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 Riverside'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 Riverside 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
Riverside, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$665
$617
$1,148
Average Tax Savings
Ownwell’s Riverside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Riverside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Riverside to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Riverside. 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 Riverside, Texas
Property taxes in Riverside, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Riverside is 1.42%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Riverside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Riverside 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 Riverside's effective property tax rate to other counties in Texas and the national median. For comparison, the 77367 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Riverside provides valuable insights into the varying tax landscape across Liberty County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Riverside Tax Rate
1.42%
Average Liberty County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Riverside, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77367 | 1.19% | 1.28% | 1.42% | 1.56% | 1.65% |
Source: Ownwell
$1,148
Average Riverside Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Riverside, Texas
In Riverside, 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 Liberty 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 Riverside, 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 Riverside 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 $741 in the 77367 zip code, while the lowest is also $741 in the same zip code.
Average Riverside Assessed Value
$46,830
Average Liberty County Assessed Value
$88,865
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Riverside, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77367 | $25,318 | $33,385 | $46,830 | $60,275 | $68,342 |
Source: Ownwell
$1,148
Average Riverside Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Riverside, Texas
In Riverside, TX, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The median home price in Riverside is $46,830. Factors such as property size, location, and improvements influence the assessed value. Homeowners in Riverside face property tax bills ranging from $484 at the 25th percentile to $1,153 at the 90th percentile, with a median tax bill of $741. This is lower than the national median property tax rate of 0.99%. High property taxes can be a significant burden on homeowners, impacting their overall financial health. However, Ownwell can help alleviate this burden. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially reducing their tax bills. With a deep understanding of local tax laws and a commitment to maximizing savings, Ownwell stands as a valuable ally for Riverside homeowners looking to cut down on their property tax expenses.
Average Riverside Tax Bill
$741
Average Liberty County Tax Bill
$1,071
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Riverside, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77367 | $329 | $484 | $741 | $998 | $1,153 |
Source: Ownwell
$1,148
Average Riverside Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Liberty Appraisal District | |
| Website | esearch.libertycad.com |
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