Richland Springs, Mcculloch County, Texas Property Taxes

Name: Property Tax Bills Across Richland Springs, Mcculloch County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Richland Springs, TX effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Richland Springs, TX home value: $85,645
Median annual Richland Springs, TX tax bill: $819, $1,581 lower than the national median property tax bill of $2,400.

How are property taxes in McCulloch County calculated?

Property taxes in Richland Springs, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Richland Springs’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Richland Springs, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Richland Springs, Mcculloch County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.25%

Estimate Property Tax Bill

$1,071

$993

Ownwell’s Richland Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Richland Springs with just two data points. By entering your property's estimated assessed value, our calculator applies Richland Springs’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in McCulloch County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Richland Springs, Mcculloch County, Texas

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variance occurs because each county annually estimates its budget needs for providing services and divides this by the total value of all taxable property in its jurisdiction. This process determines the property tax rate. While votes and laws play a role in establishing tax rates and budgets, this is essentially the yearly procedure.

In Richland Springs, located in McCulloch County, the effective property tax rate is 1.25%, which is higher than the national median property tax rate of 1.02%. This means property owners in Richland Springs may face higher tax bills compared to the national average. However, it's important to note that the property tax rate in Richland Springs aligns with the state median tax rate of Texas, which also stands at 1.25%. This consistency suggests that while Richland Springs' rate is above the national median, it is typical for Texas.

Property Tax Rates Across Richland Springs, Mcculloch County, Texas

Source: Ownwell

1.25%

1.55%

1.85%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Richland Springs Tax Rate

1.25%

Median Effective Mcculloch County Tax Rate

1.81%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Richland Springs, Mcculloch County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
76871	0.66%	1.06%	1.25%	1.33%	1.39%

Source: Ownwell

Property Tax Assessment Values Across Richland Springs, Mcculloch County, Texas

When examining property taxes in Richland Springs, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The McCulloch County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In McCulloch County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Richland Springs. For example, the median home price in Richland Springs is $85,645, with tax bills ranging significantly across the county. 76871 has the highest median home price at $85,645.

Property Tax Assessment Values Across Richland Springs, Mcculloch County, Texas

Source: Ownwell

$31,570

$67,240

$102,910

Median Richland Springs Market Value

$85,645

Median Mcculloch County Market Value

$74,310

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Richland Springs, Mcculloch County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
76871	$48,298	$59,290	$85,645	$116,255	$125,921

Source: Ownwell

Property Tax Bills Across Richland Springs, Mcculloch County, Texas

In Richland Springs, property tax bills are calculated based on the assessed value of a home, which is determined by the local taxing authority. The assessed value is a percentage of the home's market value, and the tax rate is applied to this assessed value to determine the tax bill. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Richland Springs face a median property tax bill of $819, which is significantly below the national median of $2,400. However, the tax bill can vary widely, with the 25th percentile at $584 and the 90th percentile reaching $1,622. This variation can impact homeowners' budgets, making it essential to ensure that their property is not over-assessed. Ownwell can assist homeowners by providing expert property tax appeal services. By reviewing assessments and filing appeals, Ownwell can help homeowners potentially lower their tax bills, ensuring they pay only their fair share. This can lead to substantial savings and financial peace of mind.

Property Tax Bills Across Richland Springs, Mcculloch County, Texas

Source: Ownwell

$529

$1,001

$1,472

Median Richland Springs Tax Bill

$819

Median Mcculloch County Tax Bill

$1,255

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Richland Springs, Mcculloch County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
76871	$505	$584	$819	$1,170	$1,622

Source: Ownwell