Gordon, Palo Pinto County, Texas Property Taxes

Local government entities determine tax rates, which can vary significantly within a state. The process involves each county estimating its required budget to deliver services and dividing this by the total value of all taxable property within its jurisdiction. This calculation establishes the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual procedure.

Gordon in Palo Pinto County, Texas, has an effective property tax rate that aligns with the county's median, standing at 1.58%. This rate is notably higher than the national median property tax rate of 1.02%, reflecting Texas's tendency towards higher property tax rates. However, it is important to note that Texas does not have a state income tax, which often results in higher property tax rates to compensate for the revenue shortfall. This dynamic can lead to a larger property tax bill than the national median of $2400. Understanding how these rates compare to other cities in Texas and the national median can provide valuable insights for property owners in Gordon and the surrounding areas.

In Gordon, located in Palo Pinto County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Homeowners in Gordon face a range of property tax bills, with the 25th percentile at $1,270 and the 75th percentile reaching $5,130. The highest median tax bill recorded is $2,656, which is above the national median property tax bill of $2,400. These figures indicate a significant impact on homeowners, as property taxes can represent a substantial portion of annual expenses.

Ownwell assists homeowners in Gordon by offering property tax appeal services, which can potentially lower their tax bills. By analyzing property assessments and market data, Ownwell identifies opportunities for reductions. This service not only helps homeowners save money but also ensures they are not overpaying on their property taxes. With Ownwell's expertise, homeowners can navigate the complexities of property tax assessments with confidence.