Rocksprings, Texas Property Taxes
The median property tax rate in Rocksprings, TX is 1.38%, considerably higher than the national median of 0.99%, yet lower than the Texas state median of 1.67%. With a median home value of $142,100 in Rocksprings, the typical annual property tax bill reaches $1,373, which is below the national median of $2,690. Property taxes in Rocksprings are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rocksprings' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Rocksprings or another part of Real County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rocksprings, 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 Rocksprings Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rocksprings with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rocksprings 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 Rocksprings, Texas
Property taxes in Rocksprings, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rocksprings is 1.38%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Rocksprings set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rocksprings 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 Rocksprings' effective property tax rate to other counties in Texas and the national median. For comparison, the 78880 zip code has the highest median property tax rate of 1.38%, while the 78880 zip code has the lowest median tax rate of 1.38%. Understanding how these cities compare with Rocksprings 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 Rocksprings Tax Rate
1.38%
Average Real County Tax Rate
1.50%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rocksprings, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78880 | 0.36% | 0.74% | 1.38% | 1.43% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Rocksprings, Texas
In Rocksprings, 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 Rocksprings, 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 Rocksprings helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 78880 has the highest and lowest median tax bill of $1,373.
Average Rocksprings Assessed Value
$142,100
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 Rocksprings, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78880 | $24,707 | $46,405 | $142,100 | $241,571 | $381,706 |
Source: Ownwell
Property Tax Bills Across Rocksprings, Texas
In Rocksprings, located in Real County, TX, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the property's market value. Once the assessed value is established, local taxing authorities apply their respective tax rates to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Rocksprings can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $575, while the 75th percentile sees a tax bill of $2,229, and the 90th percentile reaches $3,148. Compared to the national median property tax rate of 0.99%, Rocksprings' tax rates can result in varying financial impacts on homeowners. Those with higher-valued properties or fewer exemptions may find their tax bills considerably higher, affecting their overall housing costs and financial planning.
Average Rocksprings Tax Bill
$1,373
Average Real County Tax Bill
$1,248
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rocksprings, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78880 | $248 | $575 | $1,373 | $2,229 | $3,148 |
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 |