Goree, Texas Property Taxes
The median property tax rate in Goree, TX is 1.06%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Goree at $803,470, the typical annual property tax bill reaches $2,484, which is below the national median of $2,690. Property taxes in Goree are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Goree'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 Goree 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
Goree, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Goree Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Goree with just two simple data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Goree to project your property tax bill. This valuable tool helps you gain a clear understanding of your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Goree, Texas
Property taxes in Goree, Texas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Goree is 1.06%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Goree set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goree 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 Goree's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 76363 has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Goree provides valuable insights into the varying tax landscape across Throckmorton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Goree Tax Rate
1.06%
Average Throckmorton County Tax Rate
2.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goree, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76363 | 0.37% | 0.63% | 1.06% | 1.49% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Goree, Texas
In Goree, 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 Throckmorton 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 Goree, 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. The median home price in Goree is $803,470, with tax bills ranging from $2,204 at the 25th percentile to $2,931 at the 90th percentile. The zip code 76363 has both the highest and lowest median tax bill at $2,484. Being aware of these valuation processes in Goree helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Goree Assessed Value
$803,470
Average Throckmorton County Assessed Value
$42,190
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goree, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76363 | $241,118 | $452,000 | $803,470 | $1,154,940 | $1,365,822 |
Source: Ownwell
Property Tax Bills Across Goree, Texas
In Goree, located in Throckmorton County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For homeowners in Goree, the property tax bill can vary significantly. For instance, the tax bill for the 25th percentile is around $2,204, while it reaches approximately $2,763 at the 75th percentile. At the 90th percentile, homeowners might see tax bills as high as $2,931. These figures highlight the variability in property tax bills, which can significantly impact household budgets. Compared to the national median property tax rate of 0.99%, homeowners in Goree may find their tax rates to be competitive, but the exact impact depends on individual property assessments and local tax rates. This system ensures that property taxes are proportionate to the value of the property, providing essential funding for local services and infrastructure.
Average Goree Tax Bill
$2,484
Average Throckmorton County Tax Bill
$1,022
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Goree, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76363 | $2,037 | $2,204 | $2,484 | $2,763 | $2,931 |
Source: Ownwell