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Richmond, Fort Bend County, Texas Property Taxes

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Property Taxes in Richmond, Texas

  • Median Richmond, Texas effective property tax rate: 1.71%, significantly higher than the national median of 1.02%, and higher than the Texas state median of 1.48%.

  • Median Richmond, Texas home value: $379,007

  • Median annual Richmond, Texas tax bill: $6,533, $4,133 higher than the national median property tax bill of $2,400.

How are property taxes in Fort Bend calculated?

Property taxes in Richmond, Texas 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 Richmond's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Richmond, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Richmond, Fort Bend County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.71%

Estimate Property Tax Bill

$6,481

$6,014

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Richmond Property Tax Calculator Work?

Use this Richmond property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Richmond's median effective tax rate of 1.71% — based on actual property records in Fort Bend County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Richmond's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Richmond: rates range from $5,412.00 in 77469 to $7,106.00 in 77406, primarily due to differences in school district levies and local assessment districts.

Richmond's median property tax bill is $6,533, which is higher than the Texas median property tax bill by $4,133 and above the national median property tax bill of $2,400. If your estimate is higher than expected, Ownwell can appeal your Richmond assessment — you only pay if we save you money.

About Richmond Property Taxes

About Property Taxes in Richmond, Fort Bend, Texas

Richmond’s median effective property tax rate of 1.71% is higher than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects Fort Bend County levies and local taxing jurisdictions that can vary by neighborhood throughout the city.

Property tax rates are not uniform across Richmond. Homeowners in ZIP code 77407 carry a median effective rate of 1.75%, while those in 77406 pay 1.67%. This spread — 0.08 percentage points across the same city — shows how local taxing boundaries can affect what you owe.

Richmond homeowners who believe their assessed value is too high can file a formal appeal with the Appraisal District before the May 15, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Richmond, Fort Bend County, Texas

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.

While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Richmond's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

Property Tax Rates Across Richmond, Fort Bend County, Texas

Source: Ownwell

0.43%

1.66%

2.88%

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 Richmond Tax Rate

1.71%

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 Fort Bend County Tax Rate

1.64%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Richmond, Fort Bend County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
774060.89%1.32%1.67%2.17%2.66%
774071.12%1.37%1.75%2.04%2.50%
774690.68%1.20%1.69%2.24%2.65%
77406N/AN/AN/AN/AN/A
77407N/AN/AN/AN/AN/A
77469N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Richmond, Fort Bend County, Texas

When examining property taxes in Richmond, Texas, 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 Fort Bend 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.

Assessment notices:

In Fort Bend County, assessment notices are sent in April each year. They'll typically reach your mailbox by the middle of April.

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 Richmond.

For example, the median home price in Richmond is $379,007, with tax bills ranging significantly across the county. 77406 has the highest median home price at $416,880.

Property Tax Assessment Values Across Richmond, Fort Bend County, Texas

Source: Ownwell

$36,000

$292,787

$549,574

Median Richmond Market Value

$379,007

Median Fort Bend County Market Value

$367,796

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

Property Tax Assessment Values Across Richmond, Fort Bend County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
77406$275,030$334,611$416,880$533,643$722,694
77407$289,906$329,561$391,272$489,453$593,895
77469$135,455$245,665$324,105$419,169$539,364
77406N/AN/AN/AN/AN/A
77407N/AN/AN/AN/AN/A
77469N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Richmond, Fort Bend County, Texas

Richmond property tax bills are based on the assessed value of a home, which local taxing authorities use to calculate what a homeowner owes each year. The bill is shaped by the home’s market value, the tax rate set by local jurisdictions, and any exemptions that may apply. For homeowners in Richmond, this can mean a wide range of outcomes, with the 25th percentile tax bill at $4,408, the 75th percentile at $9,063, and the 90th percentile at $11,870. The median home price is $379,007, and the highest median tax bill is $7,106 in ZIP code 77406, while the lowest median tax bill is $5,412 in ZIP code 77469.

Because Richmond tax bills are well above the national median property tax rate of 1.02% and national median property tax bill of $2,400, homeowners may be paying more than they should. Ownwell helps by reviewing assessments, identifying savings opportunities, and filing appeals and exemptions to lower property tax bills.

Property Tax Bills Across Richmond, Fort Bend County, Texas

Source: Ownwell

$334

$5,135

$9,936

Median Richmond Tax Bill

$6,533

Median Fort Bend County Tax Bill

$6,028

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across Richmond, Fort Bend County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
77406$3,110$4,908$7,106$9,862$13,224
77407$3,617$4,961$6,979$9,414$11,951
77469$1,041$3,220$5,412$7,744$10,044
77406N/AN/AN/AN/AN/A
77407N/AN/AN/AN/AN/A
77469N/AN/AN/AN/AN/A

Source: Ownwell

Don't miss the deadline to protest!

Frequently Asked Property Tax Questions in Richmond, Texas

How are property taxes calculated in Richmond, Texas?
Property taxes in Richmond, Texas are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Richmond, Texas?
To appeal your property taxes in Richmond, Texas, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Richmond, Texas?
Common property tax exemptions in Richmond, Texas include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Richmond, Texas?
Property tax deadlines in Richmond, Texas vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Richmond, Texas?
Ownwell provides professional property tax appeal services in Richmond, Texas. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.