Richards, Walker County, Texas Property Taxes

Name: Property Tax Bills Across Richards, Walker County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Richards, TX effective property tax rate: 1.02%, matching the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Richards, TX home value: $330,680
Median annual Richards, TX tax bill: $2,296, $104 lower than the national median property tax bill of $2,400.

How are property taxes in Walker calculated?

Property taxes in Richards, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Richards’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Richards, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Richards, Walker County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.02%

Estimate Property Tax Bill

$3,373

$3,130

Ownwell’s Richards Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Richards with just two data points. By entering your property's estimated assessed value, our calculator applies Richards’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Walker County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Richards, Walker County, Texas

Local government entities in Richards, situated within Walker County, TX, determine property tax rates, which can vary significantly across the state. Each year, Walker County calculates its necessary budget to fund essential services and divides this by the total value of all taxable property within its boundaries. This process establishes the property tax rate. Although setting tax rates and budgets involves votes and legislation, this annual procedure is fundamental to the process. In Richards, the effective property tax rate can be compared to other cities in Texas, as well as the median property tax rates in Texas and across the United States. Understanding these comparisons is crucial for property owners seeking to manage their tax liabilities effectively. By analyzing how local rates align with state and national medians, property owners can make informed decisions about appealing property taxes or seeking exemptions. This insight not only aids in financial planning but also empowers property owners with the knowledge to navigate the complexities of property taxation in Texas.

Property Tax Rates Across Richards, Walker County, Texas

Source: Ownwell

0.95%

1.25%

1.56%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Richards Tax Rate

1.02%

Median Effective Walker County Tax Rate

1.45%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Richards, Walker County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
77873	0.27%	0.53%	1.02%	1.34%	1.34%

Source: Ownwell

Property Tax Assessment Values Across Richards, Walker County, Texas

When examining property taxes in Richards, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Walker County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Walker County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Richards. For example, the median home price in Richards is $330,680, with tax bills ranging significantly across the county. The zip code 77873 has the highest median home price at $330,680.

Property Tax Assessment Values Across Richards, Walker County, Texas

Source: Ownwell

$39,260

$227,683

$416,105

Median Richards Market Value

$330,680

Median Walker County Market Value

$180,510

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Richards, Walker County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
77873	$72,470	$173,760	$330,680	$525,510	$807,570

Source: Ownwell

Property Tax Bills Across Richards, Walker County, Texas

In Richards, property tax bills are calculated based on the assessed value of a home, which is determined by the Walker County Appraisal District. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors, such as property location and improvements, influence the assessed value. Homeowners in Richards face a range of tax bills, with the 25th percentile at $1,137 and the 75th percentile reaching $4,153. Notably, the 90th percentile tax bill climbs to $5,503, highlighting significant variability in tax burdens. Compared to the national median property tax bill of $2,400, many homeowners in Richards pay higher taxes, which can strain household budgets.

Ownwell offers a solution by providing expert property tax appeal services. By analyzing individual property assessments and identifying potential discrepancies, Ownwell helps homeowners challenge overvaluations. This process can lead to reduced tax bills, offering financial relief. With Ownwell's assistance, homeowners can ensure their property taxes align more closely with their home's true market value, potentially saving them significant amounts annually.

Property Tax Bills Across Richards, Walker County, Texas

Source: Ownwell

$467

$2,552

$4,636

Median Richards Tax Bill

$2,296

Median Walker County Tax Bill

$2,299

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Richards, Walker County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
77873	$506	$1,137	$2,296	$4,153	$5,503

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
Walker Appraisal District
Website	esearch.walkercad.org