Gause, Texas Property Taxes
The median property tax rate in Gause, TX is 1.04%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Gause at $150,750, the typical annual property tax bill reaches $1,259, which is below the national median of $2,690. Property taxes in Gause are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gause'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 Gause or another part of Milam County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gause, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$1,568
$1,451
Ownwell’s Gause Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gause with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gause 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 Gause, Texas
Property taxes in Gause, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gause is 1.04%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Gause set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gause 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 Gause's effective property tax rate to other counties in Texas and the national median. For comparison, the 77857 zip code has the highest median property tax rate of 1.04%, while the same zip code has the lowest median tax rate of 1.04%. Understanding how these cities compare with Gause provides valuable insights into the varying tax landscape across Milam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gause Tax Rate
1.04%
Average Milam County Tax Rate
1.45%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gause, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77857 | 0.29% | 0.65% | 1.04% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Gause, Texas
In Gause, 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 Milam 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 Gause, 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 Gause helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Gause, the median home price is $150,750, with tax bills ranging from $566 at the 25th percentile to $5,457 at the 90th percentile. The highest and lowest median tax bills are both $1,259 in the 77857 zip code.
Average Gause Assessed Value
$150,750
Average Milam County Assessed Value
$146,970
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gause, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77857 | $17,519 | $57,798 | $150,750 | $454,665 | $861,975 |
Source: Ownwell
Property Tax Bills Across Gause, Texas
In Gause, located in Milam County, TX, property tax bills are calculated based on the assessed value of a property, which is determined by the county appraisal district. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the property's market value, any applicable exemptions, and the specific tax rates set by local taxing entities influence the final amount. For homeowners in Gause, the median home price is $150,750. Property tax bills can vary significantly, with the 25th percentile paying around $566 annually, while those in the 75th percentile see bills closer to $3,038. At the higher end, the 90th percentile of property tax bills reaches up to $5,457. The highest median tax bill in the area is $1,259, which is considerably higher than the national median property tax rate of 0.99%. These taxes impact homeowners by influencing their overall cost of living and potentially affecting property values.
Average Gause Tax Bill
$1,259
Average Milam County Tax Bill
$1,812
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Gause, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77857 | $199 | $566 | $1,259 | $3,038 | $5,457 |
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 | |
|---|---|
| Milam Appraisal District | |
| Website | esearch.milamad.org |