Rio Frio, Texas Property Taxes
The median property tax rate in Rio Frio, TX is 1.50%, notably higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With a median home value of $111,735 in Rio Frio, the typical annual property tax bill amounts to $1,544, which is below the national median of $2,690. Property taxes in Rio Frio are calculated based on the assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Rio Frio'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 Rio Frio or another part of Real County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rio Frio, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Rio Frio Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential owners to estimate their annual property taxes in Rio Frio with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Rio Frio to project your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more granular trends, you can find localized information by scrolling down. Your property’s assessed value is determined by Real County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Rio Frio, Texas
Property taxes in Rio Frio, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rio Frio is 1.50%, notably higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Rio Frio set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rio Frio 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 Rio Frio's effective property tax rate to other counties in Texas and the national median. For comparison, the 78879 zip code has the highest median property tax rate of 1.50%, while the same 78879 zip code also has the lowest median tax rate of 1.50%. Understanding how these cities compare with Rio Frio provides valuable insights into the varying tax landscape across Real County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rio Frio Tax Rate
1.50%
Average Real County Tax Rate
1.50%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rio Frio, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78879 | 1.18% | 1.50% | 1.50% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Rio Frio, Texas
In Rio Frio, 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 Real 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 Rio Frio, 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 Rio Frio helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Rio Frio are both $1,544, found in the 78879 ZIP code.
Average Rio Frio Assessed Value
$111,735
Average Real County Assessed Value
$92,626
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rio Frio, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78879 | $14,172 | $50,089 | $111,735 | $212,026 | $384,824 |
Source: Ownwell
Property Tax Bills Across Rio Frio, Texas
In Rio Frio, located in Real County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value of the property, which is calculated by the county appraisal district. Local tax rates can vary, but they are applied uniformly across properties within the same jurisdiction. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners in Rio Frio, the median home price stands at $111,735. Consequently, tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $699, while at the 75th percentile, it rises to $3,030, and at the 90th percentile, it can reach as high as $4,987. These tax bills impact homeowners by influencing their overall housing costs, potentially affecting affordability and long-term financial planning. Compared to the national median property tax rate of 0.99%, the rates in Rio Frio can lead to a wide range of tax obligations depending on individual property assessments.
Average Rio Frio Tax Bill
$1,544
Average Real County Tax Bill
$1,248
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rio Frio, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78879 | $212 | $699 | $1,544 | $3,030 | $4,987 |
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 | |
|---|---|
| Real Appraisal District | |
| Website | esearch.realcad.org |