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Terrell, Rockwall County, Texas Property Taxes

  • Median Terrell, TX effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Terrell, TX home value: $330,280

  • Median annual Terrell, TX tax bill: $3,956, $1,556 higher than the national median property tax bill of $2,400.

How are property taxes in Rockwall County calculated?

Property taxes in Terrell, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Terrell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Terrell, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Terrell, Rockwall County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.11%

Estimate Property Tax Bill

$3,666

$3,402

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Terrell Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Terrell with just two data points. By entering your property's estimated assessed value, our calculator applies Terrell’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Rockwall County — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Rockwall County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Terrell, Rockwall County, Texas

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Terrell’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Terrell, located in Rockwall County, has a median property tax rate of 1.11%. This is slightly above the national median property tax rate of 1.02%. The median tax rate in Texas aligns with Terrell's rate, showcasing consistency within the state. However, it is important to note that this rate is higher than the national average. Understanding these rates can help property owners in Terrell and surrounding areas make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Terrell, Rockwall County, Texas

Source: Ownwell

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1.11%

1.81%

2.50%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Terrell Tax Rate

1.11%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Rockwall County Tax Rate

1.49%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Terrell, Rockwall County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
751601.00%1.05%1.11%1.21%1.30%

Source: Ownwell

Property Tax Assessment Values Across Terrell, Rockwall County, Texas

When examining property taxes in Terrell, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Rockwall County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: Rockwall County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Terrell. For example, the median home price in Terrell is $330,280, with tax bills ranging significantly across the county. Zip code 75160 has the highest median home price at $330,280.

Property Tax Assessment Values Across Terrell, Rockwall County, Texas

Source: Ownwell

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$329,186

$607,421

$885,655

Median Terrell Market Value

$330,280

Median Rockwall County Market Value

$416,497

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Terrell, Rockwall County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75160$137,448$259,476$330,280$452,079$525,864

Source: Ownwell

Property Tax Bills Across Terrell, Rockwall County, Texas

In Terrell, located in Rockwall County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The tax rate is applied to this assessed value to determine the tax bill. Terrell's median property tax bill stands at $3,956, which is notably higher than the national median of $2,400. Homeowners in this area can experience tax bills ranging from $3,065 at the 25th percentile to $5,545 at the 90th percentile. Several factors influence these tax bills, including the local tax rate, assessed property value, and applicable exemptions. High property taxes can significantly impact homeowners, often leading to financial strain. Ownwell offers a solution by providing property tax appeal and exemption services, potentially reducing these burdensome costs. By leveraging expertise in property tax laws and assessment practices, Ownwell helps homeowners in Terrell navigate the complexities of property tax appeals, ensuring they pay only their fair share and potentially saving them significant amounts on their tax bills.

Property Tax Bills Across Terrell, Rockwall County, Texas

Source: Ownwell

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$3,956

$8,272

$12,588

Median Terrell Tax Bill

$3,956

Median Rockwall County Tax Bill

$6,357

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Terrell, Rockwall County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75160$1,446$3,065$3,956$5,139$5,545

Source: Ownwell

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