Gruver, Texas Property Taxes
The median property tax rate in Gruver, TX is 2.57%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Gruver at $86,614, the typical annual property tax bill reaches $2,001, which is below the national median of $2,690. Property taxes in Gruver 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 Gruver'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 Gruver 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
Gruver, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Gruver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gruver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gruver 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 Gruver, Texas
Property taxes in Gruver, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gruver is 2.57%, significantly higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Gruver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gruver 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 Gruver's effective property tax rate to other counties in Texas and the national median. For comparison, the 79040 zip code has the highest median property tax rate of 2.57%, while the 79040 zip code has the lowest median tax rate of 2.57%. Understanding how these cities compare with Gruver provides valuable insights into the varying tax landscape across Hansford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gruver Tax Rate
2.57%
Average Hansford County Tax Rate
2.50%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gruver, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79040 | 2.00% | 2.25% | 2.57% | 2.57% | 2.57% |
Source: Ownwell
Property Tax Assessment Values Across Gruver, Texas
In Gruver, 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 Hansford 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 Gruver, 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 Gruver helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Gruver is $2,001 in the 79040 zip code, while the lowest median tax bill is also $2,001 in the same zip code.
Average Gruver Assessed Value
$86,614
Average Hansford County Assessed Value
$82,016
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gruver, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79040 | $17,470 | $35,121 | $86,614 | $165,468 | $235,082 |
Source: Ownwell
Property Tax Bills Across Gruver, Texas
Property tax bills in Gruver, located in Hansford County, TX, are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate. In Gruver, the median home price is $86,614, which serves as a baseline for determining property taxes. Homeowners in the 25th percentile can expect a tax bill around $844, while those in the 75th percentile might see a bill closer to $4,009. High-value properties, such as those in the 90th percentile, can face tax bills up to $5,606. These figures highlight the variability in property tax bills, influenced by factors like property value and local tax rates. Homeowners should be aware that their tax bill can significantly impact their annual expenses. Compared to the national median property tax rate of 0.99%, Gruver's property tax rates can vary widely, emphasizing the importance of understanding local tax assessments and their implications on household budgets.
Average Gruver Tax Bill
$2,001
Average Hansford County Tax Bill
$1,940
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Gruver, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79040 | $410 | $844 | $2,001 | $4,009 | $5,606 |
Source: Ownwell