Romayor, Texas Property Taxes
The median property tax rate in Romayor, TX is 0.97%, slightly below the national median of 0.99% and significantly lower than the Texas state median of 1.67%. With the median home value in Romayor being $85,880, the typical annual property tax bill amounts to $851, which is considerably less than the national median of $2,690. Property taxes in Romayor are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Romayor'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 Romayor 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
Romayor, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$833
$773
$1,148
Average Tax Savings
Ownwell’s Romayor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Romayor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Romayor 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 Romayor. 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 Romayor, Texas
Property taxes in Romayor, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Romayor is 0.97%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Romayor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Romayor 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 Romayor's effective property tax rate to other counties in Texas and the national median. For comparison, the 77368 zip code has the highest median property tax rate of 0.97%, while the same zip code also has the lowest median tax rate of 0.97%. Understanding how these cities compare with Romayor 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 Romayor Tax Rate
0.97%
Average Liberty County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Romayor, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77368 | 0.30% | 0.61% | 0.97% | 1.30% | 1.39% |
Source: Ownwell
$1,148
Average Romayor Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Romayor, Texas
In Romayor, 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 Romayor, 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 Romayor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $851.00, both found in zip code 77368.
Average Romayor Assessed Value
$85,880
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 Romayor, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77368 | $37,658 | $62,020 | $85,880 | $133,860 | $151,214 |
Source: Ownwell
$1,148
Average Romayor Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Romayor, Texas
Property tax bills in Romayor, TX, within Liberty County, are calculated based on the assessed value of a property and the local tax rate. The median home price in Romayor is $85,880, and the property tax rate in Liberty County is 0.99%, aligning with the national median. This means the typical homeowner pays around $851 annually, with tax bills ranging from $381 at the 25th percentile to $1,763 at the 90th percentile. Factors influencing the tax bill include property size, location, and market conditions. Homeowners in Romayor might find their tax bills fluctuating due to these variables, impacting their overall financial planning. Ownwell can assist homeowners in Romayor by reviewing their property assessments and identifying potential inaccuracies or overvaluations. By appealing these assessments, Ownwell helps ensure homeowners are not overpaying on their property taxes, potentially saving them significant amounts annually. Through expert guidance and personalized service, Ownwell makes navigating property tax complexities simpler and more cost-effective.
Average Romayor Tax Bill
$851
Average Liberty County Tax Bill
$1,071
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Romayor, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77368 | $42 | $381 | $851 | $1,502 | $1,763 |
Source: Ownwell
$1,148
Average Romayor 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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