Gordonville, Texas Property Taxes
The median property tax rate in Gordonville, TX is 1.61%, slightly lower than the Texas state median of 1.67% but still higher than the national median of 0.99%. With a median home value of $103,130, the typical annual property tax bill in Gordonville reaches $1,509, which is below the national median of $2,690. Property taxes in Gordonville are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Gordonville'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 Gordonville or another part of Grayson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gordonville, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$1,660
$1,536
$1,148
Average Gordonville, Texas Tax Savings
Ownwell’s Gordonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gordonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gordonville to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Gordonville. 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 Gordonville, Texas
Property taxes in Gordonville, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gordonville is 1.61%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Gordonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gordonville 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 Gordonville's effective property tax rate to other counties in Texas and the national median. For comparison, the 76245 zip code has the highest median property tax rate of 1.61%, while the 76245 zip code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with Gordonville provides valuable insights into the varying tax landscape across Grayson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gordonville Tax Rate
1.61%
Average Grayson County Tax Rate
2.09%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gordonville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76245 | 0.89% | 1.35% | 1.61% | 1.80% | 2.19% |
Source: Ownwell
$1,148
Average Gordonville Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Gordonville, Texas
In Gordonville, 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 Grayson 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 Gordonville, 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. The median home price in Gordonville is $103,130, with tax bills varying significantly across different percentiles. For instance, the 25th percentile tax bill is $664, while the 75th percentile tax bill is $2,736. The 90th percentile tax bill can reach up to $5,852. 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 Gordonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gordonville Assessed Value
$103,130
Average Grayson County Assessed Value
$177,813
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gordonville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76245 | $21,992 | $45,206 | $103,130 | $175,152 | $364,105 |
Source: Ownwell
$1,148
Average Gordonville Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Gordonville, Texas
In Gordonville, located in Grayson County, TX, property tax bills are calculated based on the assessed value of the property, which is often a percentage of the market value. The median home price in this area is $103,130. Homeowners in Gordonville can expect their property tax bills to vary significantly, with the 25th percentile at $664 and the 75th percentile at $2,736. The highest median tax bill in the area is $1,509, which is relatively moderate compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and any applicable exemptions. High property taxes can be a burden for homeowners, affecting their overall financial health. Ownwell can assist homeowners in Gordonville by offering property tax appeal and exemption services. By leveraging our expertise, homeowners can potentially reduce their assessed property values, resulting in lower tax bills. This can lead to significant savings and a more manageable financial situation.
Average Gordonville Tax Bill
$1,509
Average Grayson County Tax Bill
$3,777
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Gordonville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76245 | $328 | $664 | $1,509 | $2,736 | $5,852 |
Source: Ownwell
$1,148
Average Gordonville Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Grayson Appraisal District | |
| Website | esearch.graysonappraisal.org |
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