Riesel, Texas Property Taxes
The median property tax rate in Riesel, TX is 0.27%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Riesel, the typical annual property tax bill is $1,440, well below the national median of $2,690. Property taxes in Riesel 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 Riesel'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 Riesel 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
Riesel, 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 Riesel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Riesel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Riesel 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 Riesel, Texas
Property taxes in Riesel, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Riesel is 1.62%, significantly higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Riesel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Riesel 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 Riesel's effective property tax rate to other counties in Texas and the national median. For comparison, 77494 has the highest median property tax rate of 2.31%, while 79843 has the lowest median tax rate of 0.31%. Understanding how these cities compare with Riesel provides valuable insights into the varying tax landscape across McLennan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Riesel Tax Rate
0.27%
Average Limestone County Tax Rate
1.05%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Riesel, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76682 | 0.20% | 0.22% | 0.27% | 0.31% | 0.34% |
Source: Ownwell
Property Tax Assessment Values Across Riesel, Texas
In Riesel, 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 Limestone 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 Riesel, 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 Riesel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Riesel is $644,465, with the highest and lowest median tax bills both being $1,440 in the 76682 zip code.
Average Riesel Assessed Value
$644,465
Average Limestone County Assessed Value
$107,545
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Riesel, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76682 | $381,389 | $480,042 | $644,465 | $808,888 | $907,541 |
Source: Ownwell
Property Tax Bills Across Riesel, Texas
In Riesel, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value of the property, which is influenced by factors like location, property size, and home condition. For example, if a home is assessed at the median home price of $644,465, the tax bill will vary depending on the specific tax rate applied in Limestone County. Homeowners in Riesel experience property tax bills that range significantly. The tax bill at the 25th percentile is $1,288, while at the 75th percentile, it is $1,592. At the 90th percentile, the tax bill can go up to $1,684. This variability demonstrates how different factors such as property value and local tax rates impact the final amount owed. Compared to the national median property tax rate of 0.99%, Riesel's tax bills reflect the specific economic and housing conditions of the area, affecting homeowners' annual financial obligations.
Average Riesel Tax Bill
$1,440
Average Limestone County Tax Bill
$971
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Riesel, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76682 | $1,197 | $1,288 | $1,440 | $1,592 | $1,684 |
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 | |
|---|---|
| Limestone Appraisal District | |
| Website | esearch.limestonecad.com |