Garden City, Texas Property Taxes
The median property tax rate in Garden City, TX is 1.31%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $57,377 in Garden City, the typical annual property tax bill amounts to $603, falling below the national median of $2,690. Property taxes in Garden City are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like those for primary residences and agricultural use. Understanding Garden City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you reside in the heart of Garden City or another part of Reagan County, a thorough grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Garden City, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Garden City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garden City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garden City 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 Garden City, Texas
Property taxes in Garden City, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garden City is 1.31%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Garden City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garden City 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 Garden City's effective property tax rate to other counties in Texas and the national median. For comparison, the 79739 zip code has the highest median property tax rate of 1.31%, while the 79739 zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Garden City provides valuable insights into the varying tax landscape across Reagan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Garden City Tax Rate
1.31%
Average Reagan County Tax Rate
2.32%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garden City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79739 | 0.83% | 1.31% | 1.31% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Garden City, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Garden City, Texas. 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 Reagan 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 Garden City, 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. The median home price in Garden City is $57,377, with tax bills ranging from $326 at the 25th percentile to $1,257 at the 90th percentile. The zip code 79739 has the highest and lowest median tax bill at $603. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Garden City Assessed Value
$57,377
Average Reagan County Assessed Value
$33,488
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garden City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79739 | $12,930 | $24,904 | $57,377 | $79,306 | $111,047 |
Source: Ownwell
Property Tax Bills Across Garden City, Texas
In Garden City, located in Reagan County, TX, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county appraisal district and is often a percentage of the market value. The tax rate, set by local government entities, is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the home's location, size, and market conditions. For instance, in Garden City, the median home price stands at $57,377. Homeowners in the 25th percentile can expect a tax bill around $326, while those in the 75th percentile might pay approximately $873. The 90th percentile sees tax bills reaching up to $1,257. These property taxes fund essential services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Garden City’s tax rates can significantly impact homeowners, making it crucial for them to understand how their tax bills are determined and managed.
Average Garden City Tax Bill
$603
Average Reagan County Tax Bill
$659
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Garden City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79739 | $169 | $326 | $603 | $873 | $1,257 |
Source: Ownwell