Graford, Jack County, Texas Property Taxes
Median Graford, TX effective property tax rate: 1.42%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Graford, TX home value: $131,640
Median annual Graford, TX tax bill: $1,766, $634 lower than the national median property tax bill of $2,400.
How are property taxes in Jack County calculated?
Property taxes in Graford, 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 Graford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Graford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Graford, Jack County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.42%
Estimate Property Tax Bill
$1,869
$1,735
Property Tax Rates Across Graford, Jack County, Texas
Local government entities determine property tax rates, which can vary significantly across Texas. Each year, counties like Palo Pinto estimate their budget needs to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation yields the property tax rate. While setting these rates and budgets involves votes and legislation, this is the core of the annual process.
Graford in Palo Pinto County exemplifies the diverse landscape of property tax rates in Texas. The effective property tax rate in Graford is notably higher than the national median property tax rate of 1.02%. Comparatively, Texas has a median property tax rate of 1.42%, which is above the national average. This variance underscores the importance of understanding local tax policies when considering property investments.
By comparing Graford’s property tax rate with other cities in Texas and the broader U.S. median, property owners can better navigate the complexities of property taxes and make informed decisions to optimize their investments.
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 Graford Tax Rate
1.42%
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 Jack County Tax Rate
1.42%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Graford, Jack County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76449 | 0.93% | 1.01% | 1.42% | 1.53% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Graford, Jack County, Texas
When examining property taxes in Graford, 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 Jack 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 Jack County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Graford.
For example, the median home price in Graford is $131,640, with tax bills ranging significantly across the county. Zip code 76449 has the highest median home price at $131,640.
Property Tax Assessment Values Across Graford, Jack County, Texas
Source: Ownwell
$60,320
$173,070
$285,820
Median Graford Market Value
$131,640
Median Jack County Market Value
$110,330
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Graford, Jack County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76449 | $36,855 | $74,128 | $131,640 | $175,378 | $242,290 |
Source: Ownwell
Property Tax Bills Across Graford, Jack County, Texas
Median Graford Tax Bill
$1,766
Median Jack County Tax Bill
$1,539
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Graford, Jack County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76449 | $433 | $1,057 | $1,766 | $2,058 | $2,333 |
Source: Ownwell