Rule, Texas Property Taxes
The median property tax rate in Rule, TX is 2.42%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Rule at $104,240, the typical annual property tax bill reaches $2,528, slightly below the national median of $2,690. Property taxes in Rule 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 Rule'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 Rule 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
Rule, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.42%
Estimate Property Tax Bill
$2,523
$2,341
Ownwell’s RULE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in RULE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in RULE 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 Rule, Texas
Property taxes in Rule, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rule is 2.42%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Rule set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rule 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 Rule's effective property tax rate to other counties in Texas and the national median. For comparison, the 79547 zip code has the highest median property tax rate of 2.42%, while the 79547 zip code has the lowest median tax rate of 2.42%. Understanding how these cities compare with Rule provides valuable insights into the varying tax landscape across Stonewall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rule Tax Rate
2.42%
Average Stonewall County Tax Rate
3.00%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rule, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79547 | 2.42% | 2.42% | 2.42% | 2.42% | 2.42% |
Source: Ownwell
Property Tax Assessment Values Across Rule, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rule, Texas. The market value represents the price a willing buyer would pay a willing seller in an open market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Stonewall 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. Assessment notices in Rule 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 Rule helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $2,528, found in the 79547 zip code.
Average Rule Assessed Value
$104,240
Average Stonewall County Assessed Value
$47,990
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rule, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79547 | $104,240 | $104,240 | $104,240 | $104,240 | $104,240 |
Source: Ownwell
Property Tax Bills Across Rule, Texas
In the city of Rule in Stonewall County, Texas, property tax bills are determined by assessing the market value of a property and applying the local tax rate to that value. The median home price in Rule is $104,240, and the tax rate is applied to this assessed value to calculate the annual tax bill. For homeowners in Rule, the property tax bill consistently stands at $2,528, regardless of the percentile, indicating a uniform tax rate across different property values. Several factors influence the property tax bill, including the assessed value of the property, local tax rates, and applicable exemptions. Homeowners need to consider these elements as they significantly impact the overall cost of owning property. The uniformity in tax bills suggests a stable tax environment, which can be beneficial for financial planning. Compared to the national median property tax rate of 0.99%, homeowners in Rule experience a relatively straightforward and predictable tax situation, contributing to a clear understanding of their annual financial obligations.
Average Rule Tax Bill
$2,528
Average Stonewall County Tax Bill
$1,361
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Rule, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79547 | $2,528 | $2,528 | $2,528 | $2,528 | $2,528 |
Source: Ownwell