Roosevelt, Texas Property Taxes
The median property tax rate in Roosevelt, TX is 1.46%, which is considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $69,255 in Roosevelt, the typical annual property tax bill is $1,034, falling below the national median of $2,690. Property taxes in Roosevelt 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 Roosevelt'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 Roosevelt or another part of Sutton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roosevelt, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$1,011
$938
Ownwell’s Roosevelt Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Roosevelt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roosevelt 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 Roosevelt, Texas
Property taxes in Roosevelt, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roosevelt is 1.46%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Roosevelt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roosevelt 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 Roosevelt's effective property tax rate to other counties in Texas and the national median. For comparison, the 76874 zip code has the highest median property tax rate of 1.46%, while it also shares the same rate as the lowest median tax rate of 1.46%. Understanding how these cities compare with Roosevelt provides valuable insights into the varying tax landscape across Sutton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roosevelt Tax Rate
1.46%
Average Sutton County Tax Rate
2.06%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roosevelt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76874 | 1.34% | 1.38% | 1.46% | 1.53% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Roosevelt, Texas
In Roosevelt, 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 Sutton 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 Roosevelt, 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. For instance, the median home price in Roosevelt is $69,255, with tax bills ranging from $858 at the 25th percentile to $1,209 at the 75th percentile. The highest and lowest median tax bills are both $1,034 in zip code 76874. 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 Roosevelt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Roosevelt Assessed Value
$69,255
Average Sutton County Assessed Value
$75,530
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roosevelt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76874 | $55,555 | $60,692 | $69,255 | $77,818 | $82,955 |
Source: Ownwell
Property Tax Bills Across Roosevelt, Texas
In Roosevelt, Sutton 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 property's market value. Homeowners in Roosevelt face a median home price of $69,255. The tax rate is applied to this assessed value to calculate the annual property tax bill. Several factors influence the tax bill, including property characteristics, market conditions, and any applicable exemptions. For instance, the 25th percentile tax bill in Roosevelt is $858, while the 75th percentile tax bill is $1,209, with the 90th percentile reaching $1,314. These figures illustrate the range of tax burdens homeowners might experience. Compared to the national median property tax rate of 0.99%, Roosevelt's property tax bills can be relatively burdensome, affecting homeowners' overall financial planning. Understanding how these factors interplay is crucial for homeowners to anticipate their annual tax obligations and manage their finances effectively.
Average Roosevelt Tax Bill
$1,034
Average Sutton County Tax Bill
$1,494
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Roosevelt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76874 | $753 | $858 | $1,034 | $1,209 | $1,314 |
Source: Ownwell