Rotan, Texas Property Taxes
The median property tax rate in Rotan, TX is 1.09%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $37,598 in Rotan, the typical annual property tax bill is $593, which is significantly lower than the national median of $2,690. Property taxes in Rotan are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Rotan's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rotan or elsewhere in the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rotan, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Rotan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rotan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rotan 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 Rotan, Texas
Property taxes in Rotan, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rotan is 1.09%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Rotan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rotan 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 Rotan's effective property tax rate to other counties in Texas and the national median. For comparison, the 79546 zip code has the highest median property tax rate of 1.09%, while the 79546 zip code has the lowest median tax rate of 1.09%. Understanding how these cities compare with Rotan provides valuable insights into the varying tax landscape across Fisher County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rotan Tax Rate
1.09%
Average Scurry County Tax Rate
1.50%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rotan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79546 | 0.30% | 0.60% | 1.09% | 1.48% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Rotan, Texas
In Rotan, 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 Scurry 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 Rotan, 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 Rotan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 79546 has both the highest and lowest median tax bills, each at $593. By leveraging this information, homeowners can take proactive steps to ensure their property taxes are fair and manageable.
Average Rotan Assessed Value
$37,598
Average Scurry County Assessed Value
$80,259
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rotan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79546 | $33,015 | $34,734 | $37,598 | $79,046 | $103,915 |
Source: Ownwell
Property Tax Bills Across Rotan, Texas
In Rotan, located in Scurry County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of the property. Homeowners in Rotan can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $315, while the 75th percentile tax bill reaches $955. At the higher end, the 90th percentile tax bill is $1,172. These tax bills are influenced by various factors, including the home's assessed value, local tax rates, and any applicable exemptions. With a median home price of $37,598 in Rotan, the property tax rate is relatively modest compared to the national median property tax rate of 0.99%. This lower tax rate can be beneficial for homeowners, making homeownership more affordable by keeping annual property tax bills manageable.
Average Rotan Tax Bill
$593
Average Scurry County Tax Bill
$996
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rotan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79546 | $148 | $315 | $593 | $955 | $1,172 |
Source: Ownwell