Average Tax Assessment in Rockwall County
Real Estate Values and Property Tax Valuation in Rockwall County, Texas
Rockwall County has a total of 36,280 properties with a cumulative value of $11.6B. This represents 0.54% of all real estate value in Texas. Property taxes in Rockwall County totaled $230.5M, with an average property tax rate of 1.99%, higher than the state average of 1.69%. The average Rockwall County homeowner pays $6,355 in property taxes, significantly higher than the state average of $4,015. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
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 November 01, 2023
| Important Links | |
|---|---|
| Rockwall Appraisal District | (972) 771-2034 |
| Rockwall Clerk | (972) 204-6300 |
| TexasFile Clerk Records | - |
| Important Dates | |
|---|---|
| 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 | |
|---|---|
| Early Payment Discount | |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Rockwall County
Residential Property Taxes by Cities in Rockwall County
Rockwall County has an average property tax rate of 1.99%, which is slightly lower than the state average of 2.06%. This makes Rockwall County an attractive place to live for those looking to keep their property taxes low. The city of Rockwall has the lowest effective property tax rate in the county at 1.93%, while the city of Rowlett has the highest effective property tax rate at 2.33%. This difference of 0.4% between the two cities is significant, and could make a big difference in the amount of property taxes paid by residents of each city. Overall, Rockwall County has relatively low property tax rates compared to the rest of the state, and the differences between the cities in the county are not too drastic.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Rockwall County. 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.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fate | $204,292 | $228,310 | $261,530 | $299,354 | $338,036 |
| Forney | $230,281 | $320,648 | $442,955 | $541,030 | $796,785 |
| Rockwall | $170,370 | $242,842 | $314,360 | $429,318 | $575,320 |
| Rowlett | $182,800 | $203,865 | $240,910 | $286,125 | $368,220 |
| Royse City | $80,365 | $165,338 | $214,500 | $283,858 | $387,509 |
| Wylie | $18,551 | $44,880 | $219,760 | $253,290 | $319,198 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Rockwall County.
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.
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Real Estate Values in Rockwall County
The data from Redfin shows that the median home price in Rockwall County, Texas decreased by 9.55% from October 2022 to October 2023. This decrease in home prices is accompanied by a decrease in home inventory, from 763 in October 2022 to 700 in October 2023. This suggests that the housing market in Rockwall County is cooling off, with fewer homes available and lower prices.
Average Home Value in Rockwall County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Rockwall County
Last updated: November 2023
Percent Change in New Home Listings in Rockwall County
Last updated: November 2023
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Mortgage Rates in Rockwall County
Rockwall County has a total of $36.3 billion in outstanding home mortgage loans, with 21,100 loans currently in place. This represents a significant portion of the total home value in the county, as the total value of all homes in Rockwall County is estimated to be around $50 billion.
The median mortgage rate in Rockwall County varies significantly across cities, with Wylie having the highest rate at 4.23%, and Forney having the lowest rate at 3.6%. This variation in rates can have a significant impact on the total cost of a loan, as even a small difference in rate can add up to a large amount over the life of the loan. It is important for potential homebuyers to shop around and compare rates to ensure they are getting the best deal possible.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Rockwall County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fate | $95,581 | $139,895 | $191,542 | $236,227 | $293,499 |
| Forney | $215,030 | $282,577 | $357,129 | $424,769 | $510,933 |
| Rockwall | $87,591 | $140,700 | $230,266 | $326,002 | $426,038 |
| Rowlett | $72,397 | $101,944 | $169,857 | $238,499 | $326,522 |
| Royse City | $68,955 | $103,619 | $177,629 | $241,731 | $313,602 |
| Wylie | $72,895 | $91,339 | $137,982 | $212,834 | $275,740 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Rockwall County.
Housing Expenses in Rockwall County, Texas
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