Riverside, Texas Property Taxes
The median property tax rate in Riverside, TX is 1.41%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Riverside, the typical annual property tax bill reaches $1,704, which is below the national median of $2,690. Property taxes in Riverside 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 Riverside'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 Riverside or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Riverside, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$1,701
$1,573
Ownwell’s Riverside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Riverside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Riverside 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 Riverside, Texas
Property taxes in Riverside, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Riverside is 1.41%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Riverside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Riverside 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 Riverside's effective property tax rate to other counties in Texas and the national median. For comparison, the 77367 zip code has the highest median property tax rate of 1.41%, while the lowest median tax rate of 1.41% is also found in the 77367 zip code. Understanding how these cities compare with Riverside provides valuable insights into the varying tax landscape across San Jacinto County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Riverside Tax Rate
1.41%
Average San Jacinto County Tax Rate
1.41%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Riverside, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77367 | 1.41% | 1.41% | 1.41% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Riverside, Texas
In Riverside, 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 San Jacinto 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 Riverside, 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 Riverside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Riverside stands at $120,608, with the highest and lowest median tax bills both at $1,704 in zip code 77367.
Average Riverside Assessed Value
$120,608
Average San Jacinto County Assessed Value
$29,120
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Riverside, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77367 | $120,608 | $120,608 | $120,608 | $120,626 | $120,637 |
Source: Ownwell
Property Tax Bills Across Riverside, Texas
In Riverside, TX, located in San Jacinto County, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local appraisal district, which evaluates the property's market value. Once the market value is established, the tax rate, set by various taxing entities such as the county, school district, and city, is applied to this assessed value. For homeowners in Riverside, the median home price is $120,608. With a consistent tax bill of $1,704 across different percentiles, it indicates a uniform tax rate application. This tax bill is derived by applying the local tax rate to the assessed value of the property. Compared to the national median property tax rate of 0.99%, Riverside’s effective tax rate results in relatively moderate tax bills for homeowners. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Riverside Tax Bill
$1,704
Average San Jacinto County Tax Bill
$424
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Riverside, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77367 | $1,704 | $1,704 | $1,704 | $1,704 | $1,704 |
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 | |
|---|---|
| San Jacinto Appraisal District | |
| Website | propaccess.trueautomation.com |