Goldsboro, Texas Property Taxes
The median property tax rate in Goldsboro, TX is 0.88%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Goldsboro being $122,676, the typical annual property tax bill comes to $1,085, significantly below the national median of $2,690. Property taxes in Goldsboro are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural use. Understanding Goldsboro'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 Goldsboro 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
Goldsboro, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,080
$999
$1,148
Average Goldsboro, Texas Tax Savings
Ownwell’s Goldsboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goldsboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goldsboro to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Goldsboro. 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 Goldsboro, Texas
Property taxes in Goldsboro, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Goldsboro is 1.12%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Goldsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goldsboro 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 Goldsboro's effective property tax rate to other counties in Texas and the national median. For comparison, the 79519 zip code has the highest median property tax rate of 1.12%, while the 79519 zip code has the lowest median tax rate of 1.12%. Understanding how these cities compare with Goldsboro provides valuable insights into the varying tax landscape across Taylor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Goldsboro Tax Rate
0.88%
Average Taylor County Tax Rate
2.16%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goldsboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79519 | 0.52% | 0.66% | 0.88% | 1.16% | 1.33% |
Source: Ownwell
$1,148
Average Goldsboro Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Goldsboro, Texas
In Goldsboro, 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 Taylor 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. 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. Being aware of these valuation processes in Goldsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Goldsboro is $1085 in the 79519 zip code, while the lowest median tax bill is also $1085 in the same zip code.
Average Goldsboro Assessed Value
$122,676
Average Taylor County Assessed Value
$148,796
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goldsboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79519 | $66,678 | $87,678 | $122,676 | $202,746 | $250,788 |
Source: Ownwell
$1,148
Average Goldsboro Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Goldsboro, Texas
Property tax bills in Goldsboro, Taylor County, TX, are calculated based on the assessed value of a home and the local tax rate. With a median home price of $122,676, homeowners can expect varying tax bills. The 25th percentile tax bill is $922, while the 75th percentile reaches $1,151, and the 90th percentile is $1,191. These figures highlight how tax amounts can differ significantly depending on property values and local assessments. Homeowners in Goldsboro face property tax rates that can be higher than the national median of 0.99%, impacting their annual expenses. Factors such as property improvements, neighborhood developments, and market conditions are considered when determining the assessed value. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By leveraging local knowledge and industry expertise, Ownwell can help reduce assessed values, ensuring homeowners pay a fair tax rate. This can lead to substantial savings, easing the financial burden on property owners in Goldsboro.
Average Goldsboro Tax Bill
$1,085
Average Taylor County Tax Bill
$3,051
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Goldsboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79519 | $824 | $922 | $1,085 | $1,151 | $1,191 |
Source: Ownwell
$1,148
Average Goldsboro Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Taylor Appraisal District | |
| Website | esearch.taylor-cad.org |
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