Round Mountain, Texas Property Taxes
The median property tax rate in Round Mountain, TX is 1.32%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value in Round Mountain of $1,546,048, the typical annual property tax bill reaches $20,393, significantly exceeding the national median of $2,690. Property taxes in Round Mountain are calculated based on the tax assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural land. Understanding Round Mountain's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Round Mountain 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
Round Mountain, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$20,408
$18,938
$1,148
Average Tax Savings
Ownwell’s Round Mountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Round Mountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Round Mountain 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 Round Mountain. 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 Round Mountain, Texas
Property taxes in Round Mountain, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Round Mountain is 1.32%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Round Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Round Mountain 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 Round Mountain's effective property tax rate to other counties in Texas and the national median. For comparison, the 78663 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Round Mountain provides valuable insights into the varying tax landscape across Llano County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Round Mountain Tax Rate
1.32%
Average Llano County Tax Rate
1.32%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Round Mountain, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78663 | 1.32% | 1.32% | 1.32% | 1.32% | 1.32% |
Source: Ownwell
$1,148
Average Round Mountain Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Round Mountain, Texas
In ROUND MOUNTAIN, 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 Llano 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 ROUND MOUNTAIN, 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 ROUND MOUNTAIN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in ROUND MOUNTAIN is $1,546,048, with the highest and lowest median tax bills both being $20,393 in the 78663 zip code.
Property Tax Assessment Values Across Round Mountain, Texas
Source: Ownwell
$118,905
$832,477
$1,546,048
Average Round Mountain Assessed Value
$1,546,048
Average Llano County Assessed Value
$250,390
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Round Mountain, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78663 | $1,546,048 | $1,546,048 | $1,546,048 | $1,546,048 | $1,546,048 |
Source: Ownwell
$1,148
Average Round Mountain Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Round Mountain, Texas
In ROUND MOUNTAIN, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. With a median home price of $1,546,048, homeowners can expect a substantial tax bill. The tax rate in Llano County is significantly higher than the national median property tax rate of 0.99%. For instance, the tax bill at the 25th, 75th, and 90th percentiles all average around $20,393, indicating a consistent tax burden across different property values. Several factors influence your tax bill, including the assessed value of your property and any applicable exemptions. High property taxes can place a considerable financial strain on homeowners. This is where Ownwell can make a difference. By leveraging their expertise in property tax appeals and exemptions, Ownwell helps homeowners potentially lower their assessed values and secure exemptions, leading to significant savings. Their tailored approach ensures that you only pay your fair share, alleviating some of the financial pressures associated with high property taxes.
Average Round Mountain Tax Bill
$20,393
Average Llano County Tax Bill
$2,837
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Round Mountain, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78663 | $20,393 | $20,393 | $20,393 | $20,393 | $20,393 |
Source: Ownwell
$1,148
Average Round Mountain 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 | |
|---|---|
| Llano Appraisal District | |
| Website | esearch.llanocad.net |
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