Ropesville, Texas Property Taxes
The median property tax rate in Ropesville, TX is 1.43%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Ropesville at $409,230, the typical annual property tax bill reaches $4,559, surpassing the national median of $2,690. Property taxes in Ropesville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ropesville'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 Ropesville 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
Ropesville, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Ropesville, Texas Tax Savings
Ownwell’s Ropesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ropesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ropesville 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 Ropesville. 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 Ropesville, Texas
Property taxes in Ropesville, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ropesville is 1.43%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Ropesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ropesville 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 Ropesville's effective property tax rate to other counties in Texas and the national median. For comparison, the 79358 zip code has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Ropesville provides valuable insights into the varying tax landscape across Lubbock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ropesville Tax Rate
1.43%
Average Lubbock County Tax Rate
1.86%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ropesville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79358 | 1.00% | 1.29% | 1.43% | 1.61% | 1.61% |
Source: Ownwell
$1,148
Average Ropesville Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Ropesville, Texas
In Ropesville, 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 Lubbock 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 Ropesville, 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 Ropesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Ropesville, the median home price is $409,230. The highest median tax bill is $4,559 in zip code 79358, which is also the lowest median tax bill.
Average Ropesville Assessed Value
$409,230
Average Lubbock County Assessed Value
$190,386
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ropesville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79358 | $49,241 | $218,923 | $409,230 | $578,409 | $844,054 |
Source: Ownwell
$1,148
Average Ropesville Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Ropesville, Texas
In Ropesville, located in Lubbock County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. For homeowners, this means their tax bill is influenced by both their property's assessed value and the specific tax rate set by local taxing authorities. The median home price in Ropesville is $409,230, and the property tax rate can significantly impact annual expenses. For instance, tax bills range from the 25th percentile at $3,365 to the 90th percentile at $12,053, highlighting the variability based on property value and tax rates. Homeowners in Ropesville can benefit from Ownwell’s property tax appeal and exemption services. By leveraging expert knowledge and local data, Ownwell helps homeowners challenge their property assessments, potentially lowering their tax bills. This service is particularly valuable given the national median property tax rate of 0.99%, as it ensures homeowners in Ropesville are not overpaying on their property taxes.
Average Ropesville Tax Bill
$4,559
Average Lubbock County Tax Bill
$3,513
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ropesville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79358 | $523 | $3,365 | $4,559 | $8,078 | $12,053 |
Source: Ownwell
$1,148
Average Ropesville 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 | |
|---|---|
| Lubbock Appraisal District | |
| Phone | (806) 762-5000 |
| Website | lubbockcad.org |
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