Rosebud, Texas Property Taxes
The median property tax rate in Rosebud, TX is 0.87%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Rosebud, the typical annual property tax bill is $1,364, significantly below the national median of $2,690. Property taxes in Rosebud are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Rosebud'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 Rosebud or another part of Milam County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rosebud, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$1,701
$1,579
Ownwell’s Rosebud Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rosebud with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rosebud to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Rosebud, Texas
Property taxes in Rosebud, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rosebud is 1.74%, which is significantly higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Rosebud set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rosebud 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 Rosebud's effective property tax rate to other counties in Texas and the national median. For comparison, the 76570 zip code has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these cities compare with Rosebud provides valuable insights into the varying tax landscape across Falls County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rosebud Tax Rate
0.87%
Average Milam County Tax Rate
1.45%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosebud, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76570 | 0.12% | 0.40% | 0.87% | 1.42% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Rosebud, Texas
In Rosebud, 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 Rosebud, 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. For instance, the median home price in Rosebud is $195,560, with tax bills ranging significantly. The 25th percentile tax bill is $658, while the 75th percentile tax bill reaches $2,844, and the 90th percentile tax bill is $4,442. The zip code with the highest median tax bill is 76570, amounting to $1,364. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rosebud Assessed Value
$195,560
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 Rosebud, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76570 | $21,420 | $76,750 | $195,560 | $425,840 | $921,406 |
Source: Ownwell
Property Tax Bills Across Rosebud, Texas
In Rosebud, located in Milam County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Rosebud is $195,560, and homeowners here face varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $658, while the 75th percentile tax bill reaches $2844. Those in the 90th percentile can expect to pay around $4442 in property taxes. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. Factors such as property size, location, and market conditions influence the assessed value. Comparing this to the national median property tax rate of 0.99%, Rosebud homeowners may find their rates to be competitive, but individual circumstances can lead to significant differences in tax obligations. High property taxes can impact homeowners by increasing their annual expenses, potentially affecting their overall financial planning and housing affordability.
Average Rosebud Tax Bill
$1,364
Average Milam County Tax Bill
$1,812
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosebud, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76570 | $245 | $658 | $1,364 | $2,844 | $4,442 |
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 |