Riesel, Texas Property Taxes
The median property tax rate in Riesel, TX is 1.43%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $162,960 in Riesel, the typical annual property tax bill amounts to $2,212, falling below the national median of $2,690. Property taxes in Riesel are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as 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 McLennan County, 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
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,330
$2,156
$1,148
Average Riesel, Texas Tax Savings
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 not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Riesel. 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, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Riesel is 1.43%, higher than both the Texas state median 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, the 76682 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 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
1.43%
Average Mclennan County Tax Rate
1.79%
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 | 0.87% | 1.17% | 1.43% | 1.79% | 1.94% |
Source: Ownwell
$1,148
Average Riesel Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Riesel, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Riesel, Texas. 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 McLennan 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. Assessment notices in Riesel 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. In Riesel, the highest and lowest median tax bills are both $2,212 in the 76682 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Riesel Assessed Value
$162,960
Average Mclennan County Assessed Value
$228,020
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 | $33,982 | $84,608 | $162,960 | $284,495 | $394,691 |
Source: Ownwell
$1,148
Average Riesel Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Riesel, Texas
In Riesel, located in McLennan County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. The median home price in Riesel is $162,960, and property tax rates in Texas can vary significantly by county. Factors such as the property's location, size, and condition are all considered when determining its assessed value. Homeowners in Riesel can face tax bills ranging from $1,120 at the 25th percentile to $5,255 at the 90th percentile, with a median tax bill of $2,212, which is higher than the national median property tax rate of 0.99%. Ownwell can help homeowners in Riesel save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing the assessed value and comparing it to market data, Ownwell identifies potential discrepancies and advocates for a fairer assessment. This process can result in substantial savings, ensuring homeowners are not overpaying on their property taxes.
Average Riesel Tax Bill
$2,212
Average Mclennan County Tax Bill
$3,809
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 | $422 | $1,120 | $2,212 | $3,748 | $5,255 |
Source: Ownwell
$1,148
Average Riesel 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 | |
|---|---|
| Mclennan Appraisal District | |
| Phone | (254) 752-9864 |
| Website | esearch.mclennancad.org |
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