Groom, Texas Property Taxes
The median property tax rate in Groom, TX is 2.70%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Groom at $77,455, the typical annual property tax bill reaches $1,814, which is lower than the national median of $2,690. Property taxes in Groom are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Groom's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Groom or another part of Carson County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Groom, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.7%
Estimate Property Tax Bill
$2,091
$1,935
Ownwell’s Groom Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Groom with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Groom 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 Groom, Texas
Property taxes in Groom, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Groom is 2.70%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Groom set these rates annually, and they can vary significantly across different neighborhoods. Each year, Groom 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 Groom's effective property tax rate to other counties in Texas and the national median. For comparison, the 79039 zip code has the highest median property tax rate of 2.70%, while the same zip code also has the lowest median tax rate of 2.70%. Understanding how these cities compare with Groom provides valuable insights into the varying tax landscape across Carson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Groom Tax Rate
2.70%
Average Carson County Tax Rate
1.99%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Groom, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79039 | 1.61% | 2.46% | 2.70% | 2.71% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across Groom, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Groom, Texas. The market value represents the price a willing buyer would pay a willing seller in an open market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Carson County Appraisal District for tax purposes. On the other hand, 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 Groom, 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. For instance, the median home price in Groom stands at $77,455, with tax bills ranging from $676 at the 25th percentile to $3,777 at the 90th percentile. The zip code 79039 has the highest median tax bill, which is $1,814. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to manage their tax burden effectively.
Average Groom Assessed Value
$77,455
Average Carson County Assessed Value
$87,235
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Groom, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79039 | $9,940 | $29,458 | $77,455 | $114,168 | $168,863 |
Source: Ownwell
Property Tax Bills Across Groom, Texas
In Groom, located in Carson County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Groom is $77,455, which serves as a starting point for determining the tax bill. To calculate the tax bill, the assessed value is multiplied by the local tax rate. For example, the 25th percentile tax bill is $676, while the 75th percentile tax bill reaches $2,771, and the 90th percentile tax bill can be as high as $3,777. These variations occur due to differences in home values and applicable exemptions. Factors such as property size, location, and improvements also influence the assessed value. Compared to the national median property tax rate of 0.99%, homeowners in Groom may find their tax bills vary significantly based on these assessments and local rates. Understanding these elements helps homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Groom Tax Bill
$1,814
Average Carson County Tax Bill
$1,745
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Groom, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79039 | $205 | $676 | $1,814 | $2,771 | $3,777 |
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 | |
|---|---|
| Carson Appraisal District | |
| Website | esearch.carsoncad.org |