Goree, Texas Property Taxes
The median property tax rate in Goree, TX is 0.68%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Goree, the typical annual property tax bill reaches $1,150, which is significantly below the national median of $2,690. Property taxes in Goree are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Goree'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 Goree or another part of Haskell County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Goree, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,895
$1,759
Ownwell’s Goree Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goree with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goree 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 Goree, Texas
Property taxes in Goree, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Goree is 0.68%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Goree set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goree 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 Goree's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 76363 has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Goree provides valuable insights into the varying tax landscape across Haskell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Goree Tax Rate
0.68%
Average Haskell County Tax Rate
1.85%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goree, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76363 | 0.37% | 0.49% | 0.68% | 0.88% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Goree, Texas
In Goree, 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 Haskell 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 Goree, 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. For instance, Goree's median home price is $278,690, with tax bills ranging from $1,036 at the 25th percentile to $1,332 at the 90th percentile. The zip code 76363 has both the highest and lowest median tax bills at $1,150. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Goree Assessed Value
$278,690
Average Haskell County Assessed Value
$63,955
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goree, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76363 | $124,578 | $182,370 | $278,690 | $375,010 | $432,802 |
Source: Ownwell
Property Tax Bills Across Goree, Texas
In Goree, located in Haskell County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates homes to reflect their market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Goree experience property tax bills that vary significantly. For instance, the tax bill at the 25th percentile is $1,036, while at the 75th percentile, it rises to $1,263. The 90th percentile tax bill reaches $1,332. These figures indicate a range of property tax burdens depending on the assessed value of the property. With the national median property tax rate at 0.99%, Goree's property taxes can be seen as relatively consistent, reflecting the broader trends in the state's property tax landscape. For homeowners, these taxes are a crucial consideration in their overall financial planning, impacting their annual budget and long-term investment in their property.
Average Goree Tax Bill
$1,150
Average Haskell County Tax Bill
$952
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Goree, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76363 | $968 | $1,036 | $1,150 | $1,263 | $1,332 |
Source: Ownwell