Roanoke, Texas Property Taxes
Real Estate Values and Property Tax Valuation in Roanoke, Texas
There are 8,628 properties in the city of Roanoke, Texas with a cumulative value of $3.6B. This accounts for 4.12% of all real estate value in Denton County. Property taxes in Roanoke totaled $69.0M, with the average homeowner paying $8,002 in property taxes compared to the county average of $6,445. The average property tax rate in Roanoke is 1.92%, the same as the county average. Property taxes are based on the assessed value of the property, which is determined by the local tax assessor.
The property tax timeline in Texas begins on January 1st, when the property valuation date is set. Property value notices are issued between April and May, and the property tax appeal deadline is May 15th or 30 days after the notices are issued. The real property tax bill is due on January 31st for the preceding year's gross tax bills.
Updated August 23, 2023
Important Links | |
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Denton Clerk | (940) 349-2012 |
TexasFile Clerk Records | - |
Important Dates | |
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Real Property Tax Bill Due (1st of #): | January 31st, Gross tax bills for preceding year |
Property Valuation Date: | January 1st |
Property Value Notices Issued: | April - May |
Property Tax Appeal Deadline: | May 15th or 30 days after notices are issued |
Property Tax Bills Issued: | October 1st |
Available Exemptions | |
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Early Payment Discount | |
Senior | Available |
Disabled | Available |
Homestead | Available |
Veteran | Available |
Solar/Wind | Available |
Charitable | Available |
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Real Estate Statistics in Roanoke, Texas
Residential Property Tax by ZIP code in Roanoke, Texas
Property taxes in Roanoke, Texas are collected at an average rate of 1.92%, which is in line with the average rate for Denton County. This rate is applied to the assessed value of a property to determine the amount of taxes due. However, the effective property tax rate can vary significantly across different ZIP codes in Roanoke. For example, the ZIP code 76262 has the highest effective property tax rate of 1.92%, while other ZIP codes may have lower rates. This is because the assessed value of homes can vary significantly by ZIP code, and the effective property tax rate is based on the assessed value of a property. Therefore, it is important to consider the assessed value of a property when determining the effective property tax rate.
Overall, Roanoke property taxes are in line with the rest of Denton County, but the effective property tax rate can vary significantly across different ZIP codes. This is because the assessed value of homes can vary significantly by ZIP code, and the effective property tax rate is based on the assessed value of a property. Therefore, it is important to consider the assessed value of a property when determining the effective property tax rate.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Roanoke, Texas. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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76262 | $212,172 | $307,548 | $400,777 | $516,213 | $642,214 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Roanoke, Texas.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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76262 | $2,939 | $5,366 | $7,677 | $10,163 | $13,686 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
76262 | 1.39% | 1.74% | 1.92% | 1.97% | 2.13% |
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Real Estate Values in Roanoke, Texas
Average Home Value in Roanoke, Texas
Last updated: August 2023
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Housing Expenses in Roanoke, Texas
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for South region
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