Goodrich, Polk County, Texas Property Taxes

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

Median Goodrich, TX effective property tax rate: 1.15%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%. Median Goodrich, TX home value: $81,533. Median annual Goodrich, TX tax bill: $702, $1,698 lower than the national median property tax bill of $2,400.

How are property taxes in Polk County calculated?

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

Last Updated March 1, 2025

Goodrich, Polk County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.15%

Estimate Property Tax Bill

$938

$870

Ownwell’s Goodrich Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Goodrich with just two data points.

By entering your property's estimated assessed value, our calculator applies Goodrich’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 Polk County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Goodrich, Polk County, Texas

In Goodrich, Polk County, Texas, local government entities set property tax rates, which can vary widely within the state. Each county estimates its required budget to provide essential services and divides that budget by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. Goodrich's effective property tax rate is 1.15%, which aligns with the highest and lowest median tax rates in Texas, both recorded in the same zip code. The state's median property tax rate is higher than the national median of 1.02%. This comparison highlights the variance in property tax rates across different regions. Understanding these differences can help property owners in Goodrich make informed decisions about appealing their property taxes. By comparing Goodrich’s rates to the median rates in Texas and the U.S., property owners can better assess their tax obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Goodrich, Polk County, Texas

Source: Ownwell

0.42%

0.95%

1.48%

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 Goodrich Tax Rate

1.15%

Median Effective Polk County Tax Rate

1.14%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Goodrich, Polk County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
77335	0.31%	0.79%	1.15%	1.35%	1.62%

Source: Ownwell

Property Tax Assessment Values Across Goodrich, Polk County, Texas

When examining property taxes in Goodrich, 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 Polk 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 Polk 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 Goodrich. For example, the median home price in Goodrich is $81,533, with tax bills ranging significantly across the county. Zip code 77335 has the highest median home price at $81,533.

Property Tax Assessment Values Across Goodrich, Polk County, Texas

Source: Ownwell

$53,993

$79,755

$105,517

Median Goodrich Market Value

$81,533

Median Polk County Market Value

$100,271

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Goodrich, Polk County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
77335	$10,766	$34,160	$81,533	$148,692	$232,788

Source: Ownwell

Property Tax Bills Across Goodrich, Polk County, Texas

In Goodrich, located in Polk County, Texas, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. This assessed value is then multiplied by the local tax rate to calculate the tax bill. The median home price in Goodrich is $81,533, and the property tax bill can range significantly. For instance, the 25th percentile tax bill is $224, while the 75th percentile reaches $1,432. The 90th percentile tax bill can be as high as $2,498, reflecting the variability in property values and tax rates. This variation underscores the importance for homeowners to ensure their property is assessed accurately. Homeowners in Goodrich often face tax bills lower than the national median of $2,400, with the median tax bill in the area being $702. Ownwell can assist homeowners by identifying potential inaccuracies in assessments and filing appeals on their behalf, potentially saving them hundreds of dollars by ensuring they pay only their fair share.

Property Tax Bills Across Goodrich, Polk County, Texas

Source: Ownwell

$263

$583

$902

Median Goodrich Tax Bill

$702

Median Polk County Tax Bill

$831

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Goodrich, Polk County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
77335	$72	$224	$702	$1,432	$2,498

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
Polk Appraisal District
Website	propaccess.trueautomation.com