Roaring Springs, Texas Property Taxes
The median property tax rate in Roaring Springs, TX is 1.81%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $24,565 in Roaring Springs, the typical annual property tax bill amounts to $307, which is well below the national median of $2,690. Property taxes in Roaring Springs are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Roaring Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Roaring Springs or another part of the city, getting to know the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roaring Springs, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.81%
Estimate Property Tax Bill
$445
$413
Ownwell’s Roaring Springs Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Roaring Springs to provide an accurate estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities and make informed financial decisions. For those interested in neighborhood-level trends, additional localized information is available. Your property’s assessed value is determined by Motley County for tax calculations and includes any applicable exemptions.
Property Tax Rates Across Roaring Springs, Texas
Property taxes in Roaring Springs, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roaring Springs is 1.81%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Roaring Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roaring Springs 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 Roaring Springs' effective property tax rate to other counties in Texas and the national median. For comparison, the 79256 zip code has the highest median property tax rate of 1.81%, while the 79256 zip code also has the lowest median tax rate of 1.81%. Understanding how these cities compare with Roaring Springs provides valuable insights into the varying tax landscape across Motley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roaring Springs Tax Rate
1.81%
Average Motley County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roaring Springs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79256 | 0.77% | 1.10% | 1.81% | 2.02% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Roaring Springs, Texas
In Roaring Springs, 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 Motley 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 Roaring Springs, 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 Roaring Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 79256, both at $307.
Average Roaring Springs Assessed Value
$24,565
Average Motley County Assessed Value
$28,970
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roaring Springs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79256 | $2,273 | $9,770 | $24,565 | $41,288 | $63,350 |
Source: Ownwell
Property Tax Bills Across Roaring Springs, Texas
In Roaring Springs, located in Motley County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor, who evaluates the property's market value. This value is then multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $24,565, homeowners in Roaring Springs can expect their property tax bills to vary significantly. At the 25th percentile, tax bills are around $133, while at the 75th percentile, they can reach up to $585. The 90th percentile sees even higher tax bills, approximately $1,051. These variations depend on factors such as property improvements, location, and market conditions. Compared to the national median property tax rate of 0.99%, homeowners in this region may find their tax bills relatively manageable. However, understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Roaring Springs Tax Bill
$307
Average Motley County Tax Bill
$376
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Roaring Springs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79256 | $40 | $133 | $307 | $585 | $1,051 |
Source: Ownwell