Rockdale, Texas Property Taxes
The median property tax rate in Rockdale, TX is 1.73%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Rockdale at $152,300, the typical annual property tax bill reaches $2,350, just below the national median of $2,690. Property taxes in Rockdale are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rockdale'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 Rockdale 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
Rockdale, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$2,635
$2,445
Ownwell’s Rockdale Property Tax Bill Calculator is a must-have tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Rockdale. By simply entering your property's estimated assessed value, the calculator applies the median tax rate in Rockdale to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities and plan accordingly. For those interested in more detailed insights, you can scroll down to explore trends on a neighborhood level. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Rockdale, Texas
Property taxes in Rockdale, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rockdale is 1.73%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Rockdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockdale 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 Rockdale's effective property tax rate to other counties in Texas and the national median. For comparison, the ZIP code 76567 has the highest median property tax rate of 1.73%, while the same ZIP code also has the lowest median tax rate of 1.73%. Understanding how these cities compare with Rockdale provides valuable insights into the varying tax landscape across Milam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rockdale Tax Rate
1.73%
Average Milam County Tax Rate
1.45%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rockdale, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76567 | 0.65% | 1.12% | 1.73% | 2.57% | 2.57% |
Source: Ownwell
Property Tax Assessment Values Across Rockdale, Texas
In Rockdale, 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 Milam 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 Rockdale, 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 Rockdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rockdale is $152,300, with tax bills ranging from $1,076 at the 25th percentile to $6,176 at the 90th percentile. The highest and lowest median tax bills are both found in the 76567 zip code, each at $2,350.
Average Rockdale Assessed Value
$152,300
Average Milam County Assessed Value
$146,970
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rockdale, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76567 | $21,864 | $69,000 | $152,300 | $274,460 | $465,616 |
Source: Ownwell
Property Tax Bills Across Rockdale, Texas
In Rockdale, located in Milam County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Rockdale face a median home price of $152,300, which serves as the basis for calculating their tax obligations. The tax rate in Milam County is applied to this assessed value to determine the final tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. For example, homeowners in the 25th percentile of tax bills pay around $1,076, while those in the 75th percentile face bills closer to $4,221. At the 90th percentile, tax bills can reach up to $6,176. Compared to the national median property tax rate of 0.99%, Rockdale's tax bills can vary significantly, impacting homeowners' financial planning and overall affordability of living in the area.
Average Rockdale Tax Bill
$2,350
Average Milam County Tax Bill
$1,812
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockdale, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76567 | $353 | $1,076 | $2,350 | $4,221 | $6,176 |
Source: 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 | |
|---|---|
| Milam Appraisal District | |
| Website | esearch.milamad.org |