Richland Springs, Mcculloch County, Texas Property Taxes
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
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.25%
Estimate Property Tax Bill
$1,071
$993
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.
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%
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 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
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