Gordon, Texas Property Taxes
The median property tax rate in Gordon, TX is 1.23%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Gordon at $385,040, the typical annual property tax bill reaches $4,314, surpassing the national median of $2,690. Property taxes in Gordon are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural use. Navigating Gordon's property tax system, exploring exemptions, and identifying reduction opportunities can lead to substantial annual savings. Whether you're in the heart of Gordon or elsewhere in the area, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Gordon, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$4,736
$4,382
Ownwell’s Gordon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gordon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gordon 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 Gordon, Texas
Property taxes in Gordon, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gordon is 0.85%, which is lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Gordon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gordon 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 Gordon's effective property tax rate to other counties in Texas and the national median. For comparison, 76453 has the highest median property tax rate of 1.81%, while 76453 has the lowest median tax rate of 0.85%. Understanding how these cities compare with Gordon provides valuable insights into the varying tax landscape across Erath County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gordon Tax Rate
1.23%
Average Erath County Tax Rate
1.38%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gordon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76453 | 0.25% | 0.99% | 1.23% | 1.33% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Gordon, Texas
In Gordon, 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 Erath 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 Gordon, 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. For instance, the median home price in Gordon is $385,040. The median tax bill can range significantly, with the 25th percentile at $1,667 and the 90th percentile reaching up to $16,832. The highest and lowest median tax bills in the area are both $4,314, found in the 76453 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gordon Assessed Value
$385,040
Average Erath County Assessed Value
$216,370
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gordon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76453 | $80,069 | $234,258 | $385,040 | $910,962 | $1,662,967 |
Source: Ownwell
Property Tax Bills Across Gordon, Texas
In Gordon, located in Erath County, TX, property tax bills are calculated based on the assessed value of the property, which is determined by the county appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $385,040, homeowners can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $1,667, while the 75th percentile tax bill can reach up to $9,002. At the higher end, the 90th percentile tax bill is approximately $16,832. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. These taxes fund essential local services such as schools, infrastructure, and emergency services. Homeowners in Gordon should be aware of how these factors affect their tax obligations, as the local tax rate can differ from the national median property tax rate of 0.99%. This understanding can help homeowners plan their finances more effectively and explore potential tax appeal options if they believe their property has been over-assessed.
Average Gordon Tax Bill
$4,314
Average Erath County Tax Bill
$3,131
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Gordon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76453 | $461 | $1,667 | $4,314 | $9,002 | $16,832 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Erath Appraisal District | |
| Website | esearch.erath-cad.com |