Runnels County, Texas Property Taxes
The median property tax rate in Runnels County is 2.12%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Runnels County, the typical annual property tax bill reaches $1,423, which is below the national median of $2,690. Property taxes in Runnels County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Runnels County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Ballinger or another part of Runnels County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Runnels County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.12%
Estimate Property Tax Bill
$1,538
$1,427
Ownwell's Runnels County Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Runnels County to provide an accurate estimate of your property tax bill. This tool offers essential insights into potential tax liabilities, helping you make informed financial decisions. For more localized information, you can explore trends at the city level by scrolling down. Your property's assessed value is determined by the county and considers any exemptions you may have, ensuring a precise calculation for your property tax obligations.
Property Tax Rates Across Runnels County, Texas
Property taxes in Runnels County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Runnels County is 2.12%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Runnels County set these rates annually, and they can vary significantly between different areas within the county. Each year, Runnels County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Runnels County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Winters has one of the higher property tax rates in Texas at 2.41%, while the city of Bronte boasts one of the lowest at 1.29%. Analyzing how Runnels County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Runnels County Tax Rate
2.12%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Runnels County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ballinger | 1.65% | 1.93% | 2.16% | 2.16% | 2.16% |
| Bronte | 1.11% | 1.22% | 1.29% | 1.54% | 1.69% |
| Goldsboro | 1.76% | 1.92% | 1.92% | 1.92% | 1.92% |
| Lawn | N/A | N/A | N/A | N/A | N/A |
| Miles | 1.68% | 1.86% | 1.96% | 1.96% | 1.96% |
| Norton | 0.91% | 1.44% | 1.64% | 1.69% | 1.84% |
| Novice | N/A | N/A | N/A | N/A | N/A |
| Rowena | 1.48% | 1.58% | 1.64% | 1.64% | 1.65% |
| Talpa | 0.50% | 1.11% | 1.65% | 1.68% | 1.79% |
| Wingate | 1.59% | 1.76% | 1.80% | 1.80% | 1.80% |
| Winters | 1.69% | 2.15% | 2.41% | 2.41% | 2.41% |
Source: Ownwell
Property Tax Assessment Values Across Runnels County, Texas
In Runnels County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Runnels County Appraisal District. The assessed value, however, 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. Assessment notices in Runnels County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, Novice has the highest median tax bill at $4,417, while Wingate has the lowest at $1,155. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Runnels County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Runnels County Assessed Value
$72,550
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Runnels County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ballinger | $16,406 | $41,455 | $78,260 | $126,505 | $197,668 |
| Bronte | $56,334 | $79,460 | $136,150 | $190,095 | $283,548 |
| Goldsboro | $113,510 | $142,095 | $157,150 | $282,572 | $361,456 |
| Lawn | N/A | N/A | N/A | N/A | N/A |
| Miles | $18,380 | $46,325 | $80,295 | $138,065 | $232,245 |
| Norton | $13,988 | $33,750 | $80,140 | $118,640 | $275,860 |
| Novice | N/A | N/A | N/A | N/A | N/A |
| Rowena | $22,134 | $57,975 | $103,515 | $161,688 | $202,890 |
| Talpa | $28,500 | $87,710 | $138,740 | $212,670 | $433,290 |
| Wingate | $3,630 | $30,820 | $65,120 | $108,015 | $154,860 |
| Winters | $11,484 | $30,235 | $55,370 | $98,575 | $144,034 |
Source: Ownwell
Property Tax Bills Across Runnels County, Texas
In Runnels County, TX, property tax bills are calculated based on the assessed value of a property, which is determined by the county appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as market conditions, property improvements, and neighborhood trends can influence the assessed value. For homeowners, this means that changes in the local real estate market directly impact their tax liability. In Runnels County, the median home price is $72,550. Tax bills in the 25th percentile are around $757, while those in the 75th percentile reach up to $2,336. The highest median tax bill recorded in the county is $4,417 in Novice, whereas Wingate has the lowest median tax bill at $1,155. Compared to the national median property tax rate of 0.99%, these figures illustrate the variability in tax burdens within the county, highlighting the importance of understanding local tax assessments and rates for effective financial planning.
Average Runnels County Tax Bill
$1,423
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Runnels County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ballinger | $331 | $827 | $1,535 | $2,481 | $3,784 |
| Bronte | $659 | $1,117 | $1,886 | $2,485 | $3,292 |
| Goldsboro | $1,379 | $2,372 | $2,891 | $4,522 | $6,930 |
| Lawn | N/A | N/A | N/A | N/A | N/A |
| Miles | $354 | $869 | $1,483 | $2,519 | $4,360 |
| Norton | $199 | $558 | $1,227 | $1,841 | $3,299 |
| Novice | N/A | N/A | N/A | N/A | N/A |
| Rowena | $364 | $919 | $1,574 | $2,564 | $3,103 |
| Talpa | $374 | $1,046 | $1,887 | $2,703 | $3,865 |
| Wingate | $65 | $539 | $1,155 | $1,901 | $2,518 |
| Winters | $262 | $684 | $1,203 | $1,942 | $2,838 |
Source: Ownwell