Goree, Knox County, Texas Property Taxes

Name: Property Tax Bills Across Goree, Knox County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Goree, TX effective property tax rate: 3.29%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Goree, TX home value: $23,075
Median annual Goree, TX tax bill: $732, $1,668 lower than the national median property tax bill of $2,400.

How are property taxes in Knox County calculated?

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

Last Updated March 1, 2025

Goree, Knox County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.29%

Estimate Property Tax Bill

$759

$704

Ownwell’s Goree Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Goree with just two data points. By entering your property's estimated assessed value, our calculator applies Goree’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 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 Knox County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Goree, Knox County, Texas

Local government entities are responsible for setting property tax rates, which can differ significantly across a state. Each year, counties estimate the budget needed to fund public services and divide it by the total value of all taxable property within their borders. This process determines the property tax rate. While votes and legislation play a role, this is the core of the annual procedure.

In Goree, located in Knox County, the effective property tax rate stands at 3.29%. This is significantly higher than both the Texas state median and the national median property tax rate of 1.02%. Despite the uniformity across Knox County, this rate is notably above the national level.

For residents of Goree, this means that property taxes are a considerable factor in the cost of living, surpassing the national median property tax bill of $2,400. Homeowners in Goree should be aware of this when budgeting for annual expenses compared to other regions. Understanding these rates can help property owners make informed decisions about appeals and exemptions, potentially reducing their tax burden.

Property Tax Rates Across Goree, Knox County, Texas

Source: Ownwell

1.72%

2.66%

3.60%

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 Goree Tax Rate

3.29%

Median Effective Knox County Tax Rate

2.74%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Goree, Knox County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
76363	2.31%	3.29%	3.29%	3.29%	3.29%

Source: Ownwell

Property Tax Assessment Values Across Goree, Knox County, Texas

When examining property taxes in Goree, 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 Knox 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 Knox 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 Goree. For example, the median home price in Goree is $23,075, with tax bills ranging significantly across the county. Zip code 76363 has the highest median home price at $23,075.

Property Tax Assessment Values Across Goree, Knox County, Texas

Source: Ownwell

$23,075

$31,593

$40,110

Median Goree Market Value

$23,075

Median Knox County Market Value

$31,450

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Goree, Knox County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
76363	$1,933	$5,750	$23,075	$42,795	$67,639

Source: Ownwell

Property Tax Bills Across Goree, Knox County, Texas

In Goree, Knox County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The median home price in Goree is $23,075, which is significantly lower than the national average. This lower home value contributes to a more modest property tax bill. However, tax bills can vary widely, with the 25th percentile at $190 and the 90th percentile reaching $1,829. The highest and lowest median tax bills in the area are both $732, indicating some consistency within this particular zip code. Homeowners in Goree should be aware that their property tax bill is influenced by factors such as local tax rates and the assessed value of their property. Ownwell can assist homeowners by analyzing their property tax assessments to identify potential savings. Our experts can guide homeowners through the appeal process to ensure they are not overpaying, potentially reducing their property tax bills and increasing their savings.

Property Tax Bills Across Goree, Knox County, Texas

Source: Ownwell

$688

$901

$1,113

Median Goree Tax Bill

$732

Median Knox County Tax Bill

$916

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Goree, Knox County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
76363	$63	$190	$732	$1,188	$1,829

Source: Ownwell