Talpa, Runnels County, Texas Property Taxes
Median Talpa, TX effective property tax rate: 1.65%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Talpa, TX home value: $138,740
Median annual Talpa, TX tax bill: $1,887, $513 lower than the national median property tax bill of $2,400.
How are property taxes in Runnels County calculated?
Property taxes in Talpa, 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 Talpa’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Talpa, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Talpa, Runnels County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.65%
Estimate Property Tax Bill
$2,289
$2,124
Property Tax Rates Across Talpa, Runnels County, Texas
Local government entities set tax rates, which can vary widely within a state. Annually, each county calculates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Talpa, situated in Runnels County, Texas, the effective property tax rate is a reflection of this process. The median property tax rate in Texas stands at 1.65%, which is significantly above the national median of 1.02%. This higher rate impacts the property tax bills that residents receive. The national median property tax bill is $2,400, serving as a benchmark for comparison. In contrast, Talpa's rate aligns with the state median, making it one of the higher rates in the nation.
Comparing Talpa's effective property tax rate to other cities in Texas and the national median offers insight into how local tax policies can influence homeowners' financial responsibilities. Understanding these rates is crucial for property owners aiming to manage their tax liabilities effectively.
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 Talpa Tax Rate
1.65%
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 Runnels County Tax Rate
2.12%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Talpa, Runnels County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76882 | 0.50% | 1.11% | 1.65% | 1.68% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Talpa, Runnels County, Texas
When examining property taxes in Talpa, 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 Runnels 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.
In Runnels County, assessment notices are sent 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 Talpa. For example, the median home price in Talpa is $138,740, with tax bills ranging significantly across the county. Zip code 76882 has the highest median home price at $138,740.
Property Tax Assessment Values Across Talpa, Runnels County, Texas
Source: Ownwell
$55,370
$106,260
$157,150
Median Talpa Market Value
$138,740
Median Runnels County Market Value
$72,550
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Talpa, Runnels County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76882 | $28,500 | $87,710 | $138,740 | $212,670 | $433,290 |
Source: Ownwell
Property Tax Bills Across Talpa, Runnels County, Texas
In Talpa, located in Runnels County, Texas, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value. Homeowners in Talpa face a median property tax bill of $1,887, which is below the national median of $2,400. The tax bill can vary significantly, with the 25th percentile at $1,046 and the 75th percentile at $2,703, reflecting the diverse range of property values in the area.
Local government entities, such as school districts and municipalities, set tax rates that directly impact the final bill. This can affect homeowners by increasing their annual expenses, especially if property values rise. However, Ownwell offers a solution by providing property tax appeal and exemption services. By working with experienced consultants, homeowners can potentially lower their assessed values, leading to reduced tax bills. This not only saves money but also provides peace of mind, ensuring that homeowners are not overpaying on their property taxes.
Median Talpa Tax Bill
$1,887
Median Runnels County Tax Bill
$1,423
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Talpa, Runnels County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76882 | $374 | $1,046 | $1,887 | $2,703 | $3,865 |
Source: Ownwell