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Terrell, Rockwall County, Texas Property Taxes

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Property Taxes in Terrell, Texas

  • Median Terrell, Texas effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, and lower than the Texas state median of 1.48%.

  • Median Terrell, Texas home value: $330,280

  • Median annual Terrell, Texas tax bill: $2,940, higher than the national median property tax bill of $2,400.

How are property taxes in Rockwall calculated?

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

Last Updated April 13, 2026

Terrell, Rockwall County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.81%

Estimate Property Tax Bill

$2,675

$2,483

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Terrell Property Tax Calculator Work?

Use this Terrell property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Terrell's median effective tax rate of 0.81% — based on actual property records in Rockwall 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 Terrell'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 Terrell: rates range from 0.81% in 75160 to 0.81% in 75160, primarily due to differences in school district levies and local assessment districts.

Terrell’s median tax rate is lower than the 1.48% Texas median, and the median tax bill of $2,940 is $540 higher than the state median. If your estimate is higher than expected, Ownwell can appeal your Terrell assessment — you only pay if we save you money.

About Terrell Property Taxes

About Property Taxes in Terrell, Rockwall, Texas

Terrell’s median effective property tax rate of 0.81% is lower than the Texas state median of 1.48% and lower than the national median of 1.02%. This rate reflects the Rockwall County base levy combined with local school district levies and Municipal Utility Districts that can vary by subdivision throughout the city.

Property tax rates are not uniform across Terrell. Homeowners in ZIP code 75160 carry a median effective rate of 0.81%, and the same ZIP also shows the city’s median home price of $330,280 and median tax bill of $2,940. Understanding where you live in Terrell can still make a meaningful difference to your annual tax bill.

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

If your estimated bill 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 Terrell, Rockwall 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 Terrell'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 Terrell, Rockwall County, Texas

Source: Ownwell

0.81%

1.24%

1.67%

Our median effective property tax rate (tax bill Ă· 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 Terrell Tax Rate

0.81%

Our median effective property tax rate (tax bill Ă· 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 Rockwall County Tax Rate

1.26%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Terrell, Rockwall County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
751600.12%0.33%0.81%0.94%1.12%

Source: Ownwell

Property Tax Assessment Values Across Terrell, Rockwall County, Texas

When examining property taxes in Terrell, 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 Rockwall 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 Rockwall County, assessment notices are sent in April each year.

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. For context, Terrell’s median home price is $330,280, and the median tax bill is $2,940, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400. The highest median home price in the county is in 75160 at $330,280.

Property Tax Assessment Values Across Terrell, Rockwall County, Texas

Source: Ownwell

$328,966

$605,170

$881,374

Median Terrell Market Value

$330,280

Median Rockwall County Market Value

$415,012

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

Property Tax Assessment Values Across Terrell, Rockwall County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75160$137,448$259,476$330,280$452,079$525,864

Source: Ownwell

Property Tax Bills Across Terrell, Rockwall County, Texas

Property tax bills in Terrell are calculated from the assessed value of a home and the local tax rates set by taxing authorities in Rockwall County. When a home’s market value rises, the tax bill can increase too, which can put pressure on homeowners even when their income has not changed. With a median home price of $330,280, property taxes can be a meaningful part of annual housing costs.

For many homeowners, the bill falls between $949 at the 25th percentile and $4,272 at the 75th percentile, with the 90th percentile reaching $4,602. The median tax bill in ZIP code 75160 is $2,940, which is above the national median property tax bill of $2,400. That makes it especially important to make sure your assessment is accurate.

Ownwell helps homeowners lower property tax bills by reviewing assessments, identifying overvaluation, and filing appeals to challenge unfair taxes.

Property Tax Bills Across Terrell, Rockwall County, Texas

Source: Ownwell

$2,940

$7,174

$11,408

Median Terrell Tax Bill

$2,940

Median Rockwall County Tax Bill

$5,521

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across Terrell, Rockwall County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75160$136$949$2,940$4,272$4,602

Source: Ownwell

Don't miss the deadline to protest!

Frequently Asked Property Tax Questions in Terrell, Texas

How are property taxes calculated in Terrell, Texas?
Property taxes in Terrell, 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 Terrell, Texas?
To appeal your property taxes in Terrell, 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 Terrell, Texas?
Common property tax exemptions in Terrell, 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 Terrell, Texas?
Property tax deadlines in Terrell, 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 Terrell, Texas?
Ownwell provides professional property tax appeal services in Terrell, 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.