Roma, Texas Property Taxes
The median property tax rate in Roma, TX is 1.85%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Roma, the typical annual property tax bill reaches $367, which is significantly lower than the national median of $2,690. Property taxes in Roma 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 Roma'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 Roma 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
Roma, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.85%
Estimate Property Tax Bill
$377
$348
Ownwell’s Roma Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roma with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roma 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 Roma, Texas
Property taxes in Roma, Texas, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Roma is 1.85%, significantly higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Roma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roma 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 Roma's effective property tax rate to other counties in Texas and the national median. For comparison, the 78584 zip code has the highest median property tax rate of 1.85%, while the same zip code also has the lowest median tax rate of 1.85%. Understanding how these cities compare with Roma provides valuable insights into the varying tax landscape across Zapata County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roma Tax Rate
1.85%
Average Zapata County Tax Rate
1.85%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roma, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78584 | 1.85% | 1.85% | 1.85% | 1.85% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Roma, Texas
In Roma, 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 Zapata 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 Roma, 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 Roma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Roma is $367 in the 78584 zip code, which is also where the lowest median tax bill is found.
Average Roma Assessed Value
$20,358
Average Zapata County Assessed Value
$53,234
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roma, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78584 | $5,832 | $10,908 | $20,358 | $35,218 | $49,495 |
Source: Ownwell
Property Tax Bills Across Roma, Texas
In Roma, located in Zapata County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Roma is $20,358, which is significantly lower than the national average. The tax rate in this area is applied to the assessed value of the property to determine the annual property tax bill. For example, the 25th percentile tax bill is around $190, while the 75th percentile tax bill reaches up to $632. At the 90th percentile, homeowners can expect to pay approximately $917. These property tax bills can have a notable impact on homeowners, especially given the relatively low home values in Roma. A higher tax bill can strain household budgets, while a lower bill may offer some financial relief. Comparing these figures to the national median property tax rate of 0.99%, it’s evident that property taxes in Roma are relatively modest. Understanding these factors can help homeowners better anticipate their property tax obligations.
Average Roma Tax Bill
$367
Average Zapata County Tax Bill
$972
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Roma, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78584 | $110 | $190 | $367 | $632 | $917 |
Source: Ownwell