Wheelock, Texas Property Taxes
The median property tax rate in Wheelock, TX, is 1.14%, notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $191,914 in Wheelock, the typical annual property tax bill amounts to $2,080, which is below the national median of $2,690. Property taxes in Wheelock are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Wheelock'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 Wheelock or another part of Robertson County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wheelock, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$2,188
$2,024
Ownwell’s Wheelock Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Wheelock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wheelock to provide an estimate of your property tax bill. This valuable tool aids in understanding potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value, determined by Robertson County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Wheelock, Texas
Property taxes in Wheelock, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wheelock is 1.14%, higher than both the Texas state median of 1.10% and the U.S. national median of 0.99%. Local government entities within Wheelock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wheelock 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 Wheelock's effective property tax rate to other counties in Texas and the national median. For comparison, the 77882 zip code has the highest median property tax rate of 1.14%, while the 77882 zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Wheelock provides valuable insights into the varying tax landscape across Robertson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wheelock Tax Rate
1.14%
Average Robertson County Tax Rate
1.09%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wheelock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77882 | 0.93% | 1.05% | 1.14% | 1.27% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Wheelock, Texas
In Wheelock, 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 Robertson 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 Wheelock, 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, in the 77882 zip code, the median tax bill is $2,080. 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 Wheelock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wheelock Assessed Value
$191,914
Average Robertson County Assessed Value
$118,900
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wheelock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77882 | $49,517 | $68,856 | $191,914 | $287,588 | $317,121 |
Source: Ownwell
Property Tax Bills Across Wheelock, Texas
In Wheelock, 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 Robertson County appraisal district, which estimates the market value of homes. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $191,914, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $802, while the 75th percentile tax bill reaches up to $3,304. The highest median tax bill in the area is $2,080, which is quite substantial when compared to the national median property tax rate of 0.99%. These tax bills can have a significant impact on homeowners, influencing their overall housing costs and financial planning. Understanding how these taxes are calculated can help homeowners better anticipate and manage their yearly expenses.
Average Wheelock Tax Bill
$2,080
Average Robertson County Tax Bill
$993
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Wheelock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77882 | $746 | $802 | $2,080 | $3,304 | $3,400 |
Source: Ownwell