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Gordonville, Grayson County, Texas Property Taxes

  • Median Gordonville, TX effective property tax rate: 1.61%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Gordonville, TX home value: $103,130

  • Median annual Gordonville, TX tax bill: $1,509, $891 lower than the national median property tax bill of $2,400.

How are property taxes in Grayson County calculated?

Property taxes in Gordonville, 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 Gordonville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gordonville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Gordonville, Grayson County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.61%

Estimate Property Tax Bill

$1,660

$1,541

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Gordonville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gordonville with just two data points. By entering your property's estimated assessed value, our calculator applies Gordonville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Grayson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Gordonville, Grayson County, Texas

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates, this is the annual process in a nutshell.

In Gordonville, located in Grayson County, Texas, the effective property tax rate stands at 1.61%. This rate is notably higher than the national median property tax rate of 1.02%, reflecting the local government's budgetary needs and valuation of taxable properties. Compared to other cities in Texas, Gordonville's rate aligns with the state's highest median tax rate, indicating a consistency in tax assessments within this region. This comparison highlights the importance of understanding local property tax dynamics, as they can significantly impact homeowners' financial obligations. By staying informed about these rates, property owners can better navigate their tax responsibilities and potentially explore opportunities for tax appeals or exemptions.

Property Tax Rates Across Gordonville, Grayson County, Texas

Source: Ownwell

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1.05%

1.71%

2.38%

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 Gordonville Tax Rate

1.61%

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 Grayson County Tax Rate

2.09%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Gordonville, Grayson County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
762450.89%1.35%1.61%1.80%2.19%

Source: Ownwell

Property Tax Assessment Values Across Gordonville, Grayson County, Texas

When examining property taxes in Gordonville, 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 Grayson 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 Grayson 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 Gordonville. For example, the median home price in Gordonville is $103,130, with tax bills ranging significantly across the county. Zip code 76245 has the highest median home price at $103,130.

Property Tax Assessment Values Across Gordonville, Grayson County, Texas

Source: Ownwell

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$73,388

$254,722

$436,055

Median Gordonville Market Value

$103,130

Median Grayson County Market Value

$177,813

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Gordonville, Grayson County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76245$21,992$45,206$103,130$175,152$364,105

Source: Ownwell

Property Tax Bills Across Gordonville, Grayson County, Texas

In Gordonville, located in Grayson County, TX, property tax bills are calculated based on the assessed value of a home. The median home price here is $103,130, significantly lower than the national median. The property tax rate is applied to this assessed value to determine the tax bill. While the national median property tax bill stands at $2,400, Gordonville's tax bills vary widely. The 25th percentile tax bill is $664, while the 75th percentile reaches $2,736, and the 90th percentile hits $5,852. These figures illustrate how property taxes can significantly impact homeowners, often exceeding the national median bill, particularly for higher-value homes. Ownwell assists homeowners by reviewing their property assessments and identifying potential savings. Through expert analysis and appeal services, Ownwell ensures that homeowners are not overpaying on their property taxes. By leveraging local expertise and a deep understanding of property tax laws, they help reduce tax burdens, making homeownership more affordable and financially sustainable.

Property Tax Bills Across Gordonville, Grayson County, Texas

Source: Ownwell

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$1,392

$4,895

$8,397

Median Gordonville Tax Bill

$1,509

Median Grayson County Tax Bill

$3,777

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Gordonville, Grayson County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76245$328$664$1,509$2,736$5,852

Source: Ownwell

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