Gustine, Texas Property Taxes
The median property tax rate in Gustine, TX is 1.29%, which is considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Gustine at $125,420, the typical annual property tax bill reaches $1,434, falling below the national median of $2,690. Property taxes in Gustine are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gustine'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 Gustine or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gustine, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$1,618
$1,501
Ownwell’s Gustine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gustine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gustine 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 Gustine, Texas
Property taxes in Gustine, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gustine is 1.29%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Gustine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gustine 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 Gustine's effective property tax rate to other counties in Texas and the national median. For comparison, the 76455 zip code has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Gustine provides valuable insights into the varying tax landscape across Comanche County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gustine Tax Rate
1.29%
Average Comanche County Tax Rate
1.49%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gustine, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76455 | 0.40% | 0.81% | 1.29% | 1.56% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Gustine, Texas
In Gustine, 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 Comanche 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 Gustine, 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 Gustine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, in the zip code 76455, the median tax bill is $1434. Understanding these nuances can help property owners in Gustine more effectively manage their tax obligations.
Average Gustine Assessed Value
$125,420
Average Comanche County Assessed Value
$123,090
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gustine, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76455 | $19,188 | $60,490 | $125,420 | $233,295 | $632,674 |
Source: Ownwell
Property Tax Bills Across Gustine, Texas
In Gustine, located in Comanche County, TX, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district, which estimates the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the tax bill include the property's market value, any exemptions for which the homeowner qualifies, and the specific tax rates set by local taxing entities such as school districts and municipalities. Homeowners in Gustine can expect a median home price of $125,420, with tax bills varying significantly. For instance, the 25th percentile tax bill is $713, while the 75th percentile reaches $2,523, and the 90th percentile can be as high as $3,594. These property tax bills impact homeowners by affecting their overall housing costs and potentially influencing their decisions to buy, sell, or invest in property within the area.
Average Gustine Tax Bill
$1,434
Average Comanche County Tax Bill
$1,545
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Gustine, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76455 | $292 | $713 | $1,434 | $2,523 | $3,594 |
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 | |
|---|---|
| Comanche Appraisal District | |
| Website | esearch.comanchecad.org |