Goldthwaite, Texas Property Taxes
The median property tax rate in Goldthwaite, TX is 0.33%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Goldthwaite at $472,065, the typical annual property tax bill reaches $1,137, significantly below the national median of $2,690. Property taxes in Goldthwaite are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Goldthwaite's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Goldthwaite or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Goldthwaite, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$1,558
$1,441
Ownwell’s Goldthwaite Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goldthwaite with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goldthwaite 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 Goldthwaite, Texas
Property taxes in Goldthwaite, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Goldthwaite is 0.33%, significantly lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Goldthwaite set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goldthwaite 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 Goldthwaite's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in Texas is found in ZIP code 77005 with a rate of 2.52%, while the lowest median tax rate is in ZIP code 79854 at 0.18%. Understanding how these cities compare with Goldthwaite provides valuable insights into the varying tax landscape across Hamilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Goldthwaite Tax Rate
0.33%
Average Hamilton County Tax Rate
1.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goldthwaite, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76844 | 0.19% | 0.29% | 0.33% | 0.91% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Goldthwaite, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Goldthwaite, Texas. 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 Hamilton 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 Goldthwaite, 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 here is $472,065, with annual tax bills ranging from $517 at the 25th percentile to $3,177 at the 90th percentile. The zip code 76844 has both the highest and lowest median tax bill at $1,137. Being aware of these valuation processes in Goldthwaite helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Goldthwaite Assessed Value
$472,065
Average Hamilton County Assessed Value
$161,420
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goldthwaite, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76844 | $28,793 | $138,440 | $472,065 | $800,695 | $921,245 |
Source: Ownwell
Property Tax Bills Across Goldthwaite, Texas
In Goldthwaite, located in Hamilton County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $472,065, homeowners can expect varying tax bills depending on their specific property and exemptions they may qualify for. Factors such as the property's location, size, and improvements can influence the assessed value. The tax bill also considers any applicable exemptions, such as those for homesteads or senior citizens, which can significantly reduce the amount owed. For Goldthwaite, the tax bill ranges widely, with the 25th percentile at $517 and the 75th percentile at $2,422. The 90th percentile reaches up to $3,177. Compared to the national median property tax rate of 0.99%, Goldthwaite's tax bills reflect the unique property values and local tax rates, directly impacting homeowners' annual financial obligations.
Average Goldthwaite Tax Bill
$1,137
Average Hamilton County Tax Bill
$1,640
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Goldthwaite, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76844 | $317 | $517 | $1,137 | $2,422 | $3,177 |
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 | |
|---|---|
| Hamilton Appraisal District | |
| Website | propaccess.trueautomation.com |