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Richards, Montgomery County, Texas Property Taxes

  • Median Richards, TX effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Richards, TX home value: $197,430

  • Median annual Richards, TX tax bill: $1,544, $856 lower than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

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

Last Updated March 1, 2025

Richards, Montgomery County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$2,073

$1,924

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Richards Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Richards with just two data points. By entering your property's estimated assessed value, our calculator applies Richards’ 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 more 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 Montgomery County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Richards, Montgomery County, Texas

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Richards’ effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. At 1.05%, Richards’ property tax rate aligns with the Texas median but slightly exceeds the national median of 1.02%. This means residents of Richards pay a bit more than the national average, but it’s consistent with the state’s overall trend. The property tax bill in Richards reflects the necessary funding for local services, ensuring community needs are met. Understanding these rates helps property owners make informed decisions and potentially explore opportunities for tax appeals or exemptions.

Property Tax Rates Across Richards, Montgomery County, Texas

Source: Ownwell

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0.53%

1.21%

1.89%

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 Richards Tax Rate

1.05%

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 Montgomery County Tax Rate

1.39%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Richards, Montgomery County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
778730.38%0.74%1.05%1.36%1.36%

Source: Ownwell

Property Tax Assessment Values Across Richards, Montgomery County, Texas

When examining property taxes in Richards, Texas, 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 Montgomery 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. Assessment notices: In Montgomery County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Richards. For example, the median home price in Richards is $197,430, with tax bills ranging significantly across the county. Zip code 77873 has the highest median home price at $197,430.

Property Tax Assessment Values Across Richards, Montgomery County, Texas

Source: Ownwell

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$86,152

$303,811

$521,469

Median Richards Market Value

$197,430

Median Montgomery County Market Value

$314,556

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Richards, Montgomery County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
77873$30,162$76,194$197,430$325,665$497,480

Source: Ownwell

Property Tax Bills Across Richards, Montgomery County, Texas

Property tax bills in Richards, Montgomery County, Texas, are calculated based on the assessed value of a property, which is determined by local tax authorities. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. In Richards, the median home price stands at $197,430, with property tax bills ranging from $508 at the 25th percentile to $4,797 at the 90th percentile. The median property tax bill in the area is $1,544, which is significantly lower than the national median of $2,400. This relatively low tax bill can be a relief to homeowners, but it’s still essential to ensure that they are not overpaying. Ownwell can assist homeowners in Richards by reviewing their property assessments and identifying potential savings. By filing appeals and seeking exemptions, Ownwell can help reduce the property tax burden, ensuring homeowners only pay what is fair and accurate.

Property Tax Bills Across Richards, Montgomery County, Texas

Source: Ownwell

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$784

$3,919

$7,054

Median Richards Tax Bill

$1,544

Median Montgomery County Tax Bill

$4,148

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Richards, Montgomery County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
77873$121$508$1,544$2,957$4,797

Source: Ownwell

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