Gouldbusk, Coleman County, Texas Property Taxes
Median Gouldbusk, TX effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Gouldbusk, TX home value: $209,625
Median annual Gouldbusk, TX tax bill: $1,690, $710 lower than the national median property tax bill of $2,400.
How are property taxes in Coleman calculated?
Property taxes in Gouldbusk, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Gouldbusk’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gouldbusk, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gouldbusk, Coleman County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$1,950
$1,809
Property Tax Rates Across Gouldbusk, Coleman County, Texas
Local government entities determine tax rates, leading to significant variations within a state. Each year, counties estimate the budget needed for public services and divide it by the total value of all taxable properties in their jurisdiction, establishing the property tax rate. This process, while influenced by votes and laws, fundamentally revolves around balancing budgetary needs with property values.
In Gouldbusk, located in Coleman County, Texas, the effective property tax rate is reflective of this process. When comparing Gouldbusk's tax rate to other cities in Texas, it's important to note that Texas has a median property tax rate below the national median of 1.02%. This can be appealing for property owners, as it suggests a relatively lower tax burden compared to other parts of the country.
Understanding how local tax rates stack up against state and national figures can be crucial for property owners. It not only provides insight into potential tax liabilities but also highlights the fiscal priorities of the local government. For those considering property investments or appeals in Gouldbusk, this information is invaluable in making informed decisions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Gouldbusk Tax Rate
0.93%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Coleman County Tax Rate
2.45%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gouldbusk, Coleman County, 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, Coleman County, Texas
When examining property taxes in Gouldbusk, Texas, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Coleman County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Coleman County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Gouldbusk. For example, the median home price in Gouldbusk is $209,625, with tax bills ranging significantly across the county. Zip code 76845 has the highest median home price at $209,625.
Property Tax Assessment Values Across Gouldbusk, Coleman County, Texas
Source: Ownwell
$14,500
$173,630
$332,760
Median Gouldbusk Market Value
$209,625
Median Coleman County Market Value
$44,875
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gouldbusk, Coleman County, 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, Coleman County, Texas
Median Gouldbusk Tax Bill
$1,690
Median Coleman County Tax Bill
$898
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Gouldbusk, Coleman County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76845 | $341 | $960 | $1,690 | $2,606 | $4,192 |
Source: Ownwell