Goldthwaite, Texas Property Taxes
The median property tax rate in Goldthwaite, TX is 1.50%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $98,850 in Goldthwaite, the typical annual property tax bill comes to $1,289, which is below the national median of $2,690. Property taxes in Goldthwaite are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Goldthwaite'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 Goldthwaite or another part of Mills County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Goldthwaite, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$1,483
$1,376
Ownwell’s Goldthwaite Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goldthwaite with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goldthwaite 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 Goldthwaite, Texas
Property taxes in Goldthwaite, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Goldthwaite is 1.50%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Goldthwaite set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goldthwaite 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 Goldthwaite's effective property tax rate to other counties in Texas and the national median. For comparison, the 76844 zip code has the highest median property tax rate of 1.50%, while the same 76844 zip code also has the lowest median tax rate of 1.50%. Understanding how these cities compare with Goldthwaite provides valuable insights into the varying tax landscape across Mills County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Goldthwaite Tax Rate
1.50%
Average Mills County Tax Rate
1.41%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goldthwaite, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76844 | 1.15% | 1.34% | 1.50% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Goldthwaite, Texas
In Goldthwaite, 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 Mills 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 Goldthwaite, 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. Goldthwaite's median home price is $98,850, with tax bills ranging from $679 at the 25th percentile to $3,681 at the 90th percentile. The zip code 76844 has the highest and lowest median tax bill at $1,289. Being aware of these valuation processes in Goldthwaite helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Goldthwaite Assessed Value
$98,850
Average Mills County Assessed Value
$100,465
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goldthwaite, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76844 | $21,508 | $51,295 | $98,850 | $182,065 | $300,248 |
Source: Ownwell
Property Tax Bills Across Goldthwaite, Texas
In Goldthwaite, Mills County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. The median home price in Goldthwaite is $98,850. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $679 and the 75th percentile reaching $2,328. The highest median tax bill in the area is $1,289, which is consistent across the zip code 76844. The property tax rate in Goldthwaite is influenced by local government budgets and the needs of public services such as schools, emergency services, and infrastructure. This rate is applied to the assessed value of the property to determine the annual tax bill. For homeowners, this means that higher property values or increases in local tax rates can result in higher tax bills. Compared to the national median property tax rate of 0.99%, Goldthwaite's tax rates and bills can offer a unique perspective on regional property tax burdens.
Average Goldthwaite Tax Bill
$1,289
Average Mills County Tax Bill
$1,261
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Goldthwaite, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76844 | $304 | $679 | $1,289 | $2,328 | $3,681 |
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 | |
|---|---|
| Mills Appraisal District | |
| Website | esearch.millscad.org |