Garwood, Colorado County, Texas Property Taxes
Median Garwood, TX effective property tax rate: 1.12%, slightly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Garwood, TX home value: $79,585
Median annual Garwood, TX tax bill: $996, $1,404 lower than the national median property tax bill of $2,400.
How are property taxes in Colorado calculated?
Property taxes in Garwood, 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 Garwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Garwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Garwood, Colorado County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.12%
Estimate Property Tax Bill
$891
$827
Property Tax Rates Across Garwood, Colorado County, Texas
Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Garwood, located in Colorado County, TX, property owners face an effective tax rate of 1.12%. This rate is slightly above the national median of 1.02%, highlighting the variance that can occur even within a single state. Comparatively, Garwood's rate aligns precisely with the highest and lowest median tax rates within the same ZIP code, 77442. This consistency suggests a level of uniformity in property tax assessments within the area.
By understanding these rates, property owners in Garwood can better anticipate their tax obligations and explore potential savings through appeals or exemptions. As property taxes play a crucial role in funding local services, it's essential for residents to stay informed and proactive in managing their property tax responsibilities.
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 Garwood Tax Rate
1.12%
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 Colorado County Tax Rate
1.13%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Garwood, Colorado County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77442 | 0.38% | 0.69% | 1.12% | 1.51% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Garwood, Colorado County, Texas
When examining property taxes in Garwood, TX, 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 Colorado 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 Colorado 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 Garwood. For example, the median home price in Garwood is $79,585, with tax bills ranging significantly across the county. ZIP code 77442 has the highest median home price at $79,585.
Property Tax Assessment Values Across Garwood, Colorado County, Texas
Source: Ownwell
$28,530
$172,555
$316,580
Median Garwood Market Value
$79,585
Median Colorado County Market Value
$111,020
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Garwood, Colorado County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77442 | $8,046 | $23,496 | $79,585 | $178,085 | $330,496 |
Source: Ownwell
Property Tax Bills Across Garwood, Colorado County, Texas
In Garwood, Colorado County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. The median home price in Garwood is $79,585, and the property tax rate is applied to this value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Garwood face varying tax bills, with the 25th percentile at $349 and the 75th percentile at $2,127. The 90th percentile tax bill can reach up to $3,633, highlighting the potential financial burden on homeowners.
Compared to the national median property tax bill of $2,400, Garwood's tax bills can be lower, but there's still room for savings. Ownwell can assist homeowners in Garwood by providing expert property tax appeal services, potentially lowering their assessed values and, consequently, their tax bills. By leveraging local expertise and understanding of the tax code, Ownwell helps homeowners reduce their financial burden and ensure fair property tax assessments.
Median Garwood Tax Bill
$996
Median Colorado County Tax Bill
$1,356
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Garwood, Colorado County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77442 | $150 | $349 | $996 | $2,127 | $3,633 |
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 | |
|---|---|
| Colorado Appraisal District | |
| Website | propaccess.trueautomation.com |