Goldsboro, Texas Property Taxes
The median property tax rate in Goldsboro, TX is 0.78%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $109,760 in Goldsboro, the typical annual property tax bill is $1,022, falling below the national median of $2,690. Property taxes in Goldsboro are calculated based on the tax assessed value, often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Goldsboro's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Goldsboro or another part of the city, familiarizing yourself with 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
0.78%
Estimate Property Tax Bill
$856
$792
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 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 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 0.83%, higher than both the Texas state median of 0.65% 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 0.78%, while the same zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Goldsboro provides valuable insights into the varying tax landscape across Coleman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Goldsboro Tax Rate
0.78%
Average Coleman County Tax Rate
2.45%
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 | 0.12% | 0.29% | 0.78% | 1.98% | 1.98% |
Source: 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 Coleman 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 Goldsboro, 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 zip code with the highest median tax bill is 79519, with a tax bill of $1,022, while the lowest median tax bill is also in 79519, at $1,022.
Average Goldsboro Assessed Value
$109,760
Average Coleman County Assessed Value
$44,875
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 | $15,072 | $53,310 | $109,760 | $376,620 | $692,962 |
Source: Ownwell
Property Tax Bills Across Goldsboro, Texas
In Goldsboro, Coleman County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $109,760, homeowners can expect a tax bill that varies significantly. The 25th percentile tax bill is $427, while the 75th percentile tax bill reaches $1,505, and the 90th percentile tax bill can be as high as $1,957. These tax bills are influenced by factors such as the home's market value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Goldsboro's tax rates can present a considerable variation, affecting homeowners differently based on their property's assessed value. Understanding these factors helps homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Goldsboro Tax Bill
$1,022
Average Coleman County Tax Bill
$898
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 | $174 | $427 | $1,022 | $1,505 | $1,957 |
Source: Ownwell