Groesbeck, Limestone County, Texas Property Taxes
Median Groesbeck, TX effective property tax rate: 1.10%, slightly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%. Median Groesbeck, TX home value: $131,010. Median annual Groesbeck, TX tax bill: $1,241, $1,159 lower than the national median property tax bill of $2,400.
How are property taxes in Limestone calculated?
Property taxes in Groesbeck, 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 Groesbeck’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Groesbeck, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Groesbeck, Limestone County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.1%
Estimate Property Tax Bill
$1,441
$1,337
Property Tax Rates Across Groesbeck, Limestone County, Texas
Local government entities determine tax rates, which can vary significantly within a state. Each year, counties estimate their budget needs for essential services and divide this by the total value of all taxable properties within their jurisdiction, resulting in the property tax rate. This process involves votes and laws, but essentially, it is an annual calculation.
In Groesbeck, located in Limestone County, the effective property tax rate is a reflection of this process. When comparing Groesbeck’s rate to other cities in Texas, it aligns closely with the state's median property tax rate. This is slightly higher than the national median property tax rate of 1.02%, highlighting the variability in property tax rates across the country.
Understanding these differences is crucial for property owners, as it affects the overall cost of owning property. By staying informed about local tax rates and how they compare to state and national averages, property owners can make more informed financial decisions.
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 Groesbeck Tax Rate
1.10%
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 Limestone County Tax Rate
1.05%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Groesbeck, Limestone County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76642 | 0.39% | 0.70% | 1.10% | 1.45% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Groesbeck, Limestone County, Texas
When examining property taxes in Groesbeck, 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 Limestone 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 Limestone 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 Groesbeck. For example, the median home price in Groesbeck is $131,010, with tax bills ranging significantly across the county. The zip code 76642 has the highest median home price at $131,010.
Property Tax Assessment Values Across Groesbeck, Limestone County, Texas
Source: Ownwell
$62,195
$134,923
$207,650
Median Groesbeck Market Value
$131,010
Median Limestone County Market Value
$107,545
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Groesbeck, Limestone County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76642 | $28,452 | $63,120 | $131,010 | $292,970 | $477,642 |
Source: Ownwell
Property Tax Bills Across Groesbeck, Limestone County, Texas
In Groesbeck, located in Limestone County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the area is $131,010, and the property tax bills can vary significantly. For instance, the 25th percentile tax bill is $545, while the 75th percentile reaches $2,928, with the 90th percentile soaring to $4,926. This variability indicates that homeowners can face a wide range of tax liabilities depending on their property's assessed value and applicable exemptions.
Compared to the national median property tax bill of $2,400, Groesbeck's tax bills can be quite favorable, particularly at the lower percentiles. However, for those at the higher end, the tax burden can be substantial. Ownwell offers a solution by helping homeowners appeal their property tax assessments and apply for exemptions, potentially reducing their tax bills. By leveraging expert knowledge and experience, Ownwell can identify opportunities for savings, ensuring homeowners pay only their fair share.
Median Groesbeck Tax Bill
$1,241
Median Limestone County Tax Bill
$971
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Groesbeck, Limestone County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76642 | $236 | $545 | $1,241 | $2,928 | $4,926 |
Source: 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 | |
|---|---|
| Limestone Appraisal District | |
| Website | esearch.limestonecad.com |