Round Rock, Texas Property Taxes
The median property tax rate in Round Rock, TX is 1.43%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Round Rock at $420,536, the typical annual property tax bill reaches $6,298, exceeding the national median of $2,690. Property taxes in Round Rock 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 Round Rock'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 Round Rock 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
Round Rock, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$6,014
$5,581
$1,148
Average Tax Savings
Ownwell’s Round Rock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Round Rock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Round Rock to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Round Rock. 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 Round Rock, Texas
Property taxes in Round Rock, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Round Rock is 1.43%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Round Rock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Round Rock 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 Round Rock's effective property tax rate to other counties in Texas and the national median. For comparison, the 78664 zip code has the highest median property tax rate of 1.43%, while the 78664 zip code has the lowest median tax rate of 1.43%. Understanding how these cities compare with Round Rock provides valuable insights into the varying tax landscape across Travis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Round Rock Tax Rate
1.43%
Average Travis County Tax Rate
1.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Round Rock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78664 | 0.97% | 1.22% | 1.43% | 2.00% | 2.36% |
Source: Ownwell
$1,148
Average Round Rock Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Round Rock, Texas
In Round Rock, 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 Travis 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 Round Rock, 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 example, the median home price in Round Rock is $420,536, with tax bills varying significantly. The highest median tax bill is $6,298 in zip code 78664, while the lowest is also $6,298 in the same zip code. By understanding 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 Round Rock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Round Rock Assessed Value
$420,536
Average Travis County Assessed Value
$537,591
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Round Rock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78664 | $301,278 | $383,837 | $420,536 | $475,982 | $550,906 |
Source: Ownwell
$1,148
Average Round Rock Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Round Rock, Texas
In Round Rock, Travis County, TX, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. For homeowners, this means that a median home price of $420,536 can result in varying tax bills, depending on the assessed value and specific tax rates. Tax bills in this area can range significantly, with the 25th percentile at $5,087 and the 75th percentile at $8,126, while the 90th percentile reaches up to $9,795. The highest and lowest median tax bills both stand at $6,298 in ZIP code 78664. These tax bills can place a substantial financial burden on homeowners. However, Ownwell can assist by providing expert property tax appeal and exemption services. By evaluating your property's assessed value and identifying potential discrepancies, Ownwell helps ensure you are not overpaying. This can lead to significant savings, reducing the overall financial impact of property taxes on your household budget.
Average Round Rock Tax Bill
$6,298
Average Travis County Tax Bill
$7,669
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Round Rock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78664 | $3,739 | $5,087 | $6,298 | $8,126 | $9,795 |
Source: Ownwell
$1,148
Average Round Rock Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Travis Appraisal District | |
| Phone | (512) 834-9317 |
| Website | stage.travis.prodigycad.com |
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