Gouldbusk, Texas Property Taxes
The median property tax rate in Gouldbusk, TX is 0.93%, 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 $209,625 in Gouldbusk, the typical annual property tax bill is $1,690, significantly below the national median of $2,690. Property taxes in Gouldbusk 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 properties. Understanding Gouldbusk'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 Gouldbusk or another part of Coleman County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gouldbusk, 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 Gouldbusk Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gouldbusk with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gouldbusk 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 Coleman County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Gouldbusk, Texas
Property taxes in Gouldbusk, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gouldbusk is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within Gouldbusk set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gouldbusk 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 Gouldbusk's effective property tax rate to other counties in Texas and the national median. For comparison, the 76845 zip code has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with Gouldbusk 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 Gouldbusk Tax Rate
0.93%
Average Coleman County Tax Rate
2.45%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gouldbusk, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76845 | 0.26% | 0.52% | 0.93% | 1.48% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Gouldbusk, Texas
In Gouldbusk, 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. 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 Gouldbusk helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 76845 in Gouldbusk has the highest median tax bill at $1,690, which is also the lowest median tax bill in the area.
Average Gouldbusk Assessed Value
$209,625
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 Gouldbusk, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76845 | $51,727 | $101,355 | $209,625 | $403,420 | $691,405 |
Source: Ownwell
Property Tax Bills Across Gouldbusk, Texas
In Gouldbusk, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The median home price in the area is $209,625. Homeowners' tax bills can vary significantly, with the 25th percentile at $960 and the 75th percentile at $2,606, indicating a wide range of property values and corresponding tax burdens. The highest median tax bill in Gouldbusk is $1,690, which is also the lowest, highlighting uniformity in tax assessments within the zip code 76845. Several factors influence the property tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. These taxes fund essential services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Homeowners in Gouldbusk, located in Coleman County, experience a property tax rate that can be compared to the national median rate of 0.99%, offering a perspective on their relative tax burden.
Average Gouldbusk Tax Bill
$1,690
Average Coleman County Tax Bill
$898
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Gouldbusk, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76845 | $341 | $960 | $1,690 | $2,606 | $4,192 |
Source: Ownwell