Gorman, Eastland County, Texas Property Taxes
Median Gorman, TX effective property tax rate: 1.91%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Gorman, TX home value: $76,630
Median annual Gorman, TX tax bill: $1,276, $1,124 lower than the national median property tax bill of $2,400.
How are property taxes in Eastland County calculated?
Property taxes in Gorman, 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 Gorman’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gorman, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gorman, Eastland County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.91%
Estimate Property Tax Bill
$1,464
$1,358
Property Tax Rates Across Gorman, Eastland County, Texas
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results 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 Gorman, located in Eastland County, Texas, the effective property tax rate is notably higher than the national median of 1.02%. This positions Gorman as an area with a comparatively higher property tax rate within the state. Despite this, it's important to consider that property tax bills are a function of both the rate and property values. Therefore, even with a higher rate, the actual tax bill could be more manageable compared to areas with higher property values. For property owners in Gorman, understanding these dynamics can be crucial for financial planning and making informed decisions regarding property ownership and investment.
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 Gorman Tax Rate
1.91%
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 Eastland County Tax Rate
1.80%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gorman, Eastland County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76454 | 1.08% | 1.18% | 1.91% | 1.91% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Gorman, Eastland County, Texas
When examining property taxes in Gorman, 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 Eastland 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 Eastland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Gorman.
For example, the median home price in Gorman is $76,630, with tax bills ranging significantly across the county. 76454 has the highest median home price at $76,630.
Property Tax Assessment Values Across Gorman, Eastland County, Texas
Source: Ownwell
$49,750
$84,850
$119,950
Median Gorman Market Value
$76,630
Median Eastland County Market Value
$83,990
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gorman, Eastland County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76454 | $11,985 | $36,725 | $76,630 | $132,885 | $243,801 |
Source: Ownwell
Property Tax Bills Across Gorman, Eastland County, Texas
In Gorman, Eastland County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The median home price in Gorman is $76,630, and the property tax rate applied to this assessed value influences the final tax bill. While the national median property tax rate is 1.02%, Gorman's property tax bills vary, with the 25th percentile at $603 and the 90th percentile reaching $3,086. These figures highlight the variability in tax burdens among homeowners, depending on their property's assessed value and applicable exemptions.
Homeowners in Gorman can face significant financial impact due to these tax bills, especially when compared to the national median property tax bill of $2,400. This is where Ownwell can assist by providing expert property tax appeal and exemption services, potentially lowering the assessed value of a home and reducing the tax burden. By leveraging local knowledge and expertise, Ownwell helps homeowners navigate the complexities of property tax assessments, ensuring they pay only their fair share.
Median Gorman Tax Bill
$1,276
Median Eastland County Tax Bill
$1,311
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Gorman, Eastland County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76454 | $148 | $603 | $1,276 | $2,072 | $3,086 |
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 | |
|---|---|
| Eastland Appraisal District | |
| Website | www.eastlandcad.org |