Roscoe, Texas Property Taxes
The median property tax rate in Roscoe, TX is 2.31%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $81,575 in Roscoe, the typical annual property tax bill amounts to $1,804, which is lower than the national median of $2,690. Property taxes in Roscoe are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Roscoe's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Roscoe or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roscoe, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.31%
Estimate Property Tax Bill
$1,884
$1,749
Ownwell’s Roscoe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roscoe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roscoe 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 Roscoe, Texas
Property taxes in Roscoe, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roscoe is 2.31%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Roscoe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roscoe 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 Roscoe's effective property tax rate to other counties in Texas and the national median. For comparison, the 79545 zip code has both the highest and lowest median property tax rate of 2.31%. Understanding how these cities compare with Roscoe provides valuable insights into the varying tax landscape across Nolan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roscoe Tax Rate
2.31%
Average Nolan County Tax Rate
2.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roscoe, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79545 | 1.44% | 1.72% | 2.31% | 2.63% | 2.63% |
Source: Ownwell
Property Tax Assessment Values Across Roscoe, Texas
In Roscoe, 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 Nolan 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 Roscoe, 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 example, the median home price in Roscoe is $81,575, and the tax bill for the 25th percentile is $1,029, while it climbs to $4,293 at the 90th percentile. The highest and lowest median tax bills are both $1,804, found in the 79545 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to effectively manage their tax burden.
Average Roscoe Assessed Value
$81,575
Average Nolan County Assessed Value
$69,100
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roscoe, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79545 | $25,471 | $48,710 | $81,575 | $144,830 | $222,221 |
Source: Ownwell
Property Tax Bills Across Roscoe, Texas
In Roscoe, located in Nolan County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate in this region is applied to the assessed value to generate the tax bill. For instance, the median home price in Roscoe is $81,575. Homeowners in the 25th percentile can expect a tax bill of around $1,029, while those in the 75th percentile might see a bill closer to $3,080. The tax bill can go as high as $4,293 for homeowners in the 90th percentile. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, the rates in Roscoe can significantly impact homeowners, depending on their property's assessed value. Understanding these factors can help homeowners anticipate their annual expenses and budget accordingly.
Average Roscoe Tax Bill
$1,804
Average Nolan County Tax Bill
$1,393
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Roscoe, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79545 | $521 | $1,029 | $1,804 | $3,080 | $4,293 |
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 | |
|---|---|
| Nolan Appraisal District | |
| Website | www.nolan-cad.org |