Golden, Texas Property Taxes
The median property tax rate in Golden, TX is 0.54%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $382,900 in Golden, the typical annual property tax bill amounts to $2,328, which is below the national median of $2,690. Property taxes in Golden 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. Gaining a thorough understanding of Golden's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Golden or another part of the city, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Golden, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$2,068
$1,919
Ownwell’s Golden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Golden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Golden 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 Golden, Texas
Property taxes in Golden, Texas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Golden is 1.81%, higher than both the Texas state median of 1.6% and the U.S. national median of 0.99%. Local government entities within Golden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Golden 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 Golden's effective property tax rate to other counties in Texas and the national median. For comparison, the 75444 zip code has the highest median property tax rate of 1.81%, while the same zip code also has the lowest median tax rate of 1.81%. Understanding how these cities compare with Golden provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Golden Tax Rate
0.54%
Average Wood County Tax Rate
0.67%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Golden, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75444 | 0.44% | 0.48% | 0.54% | 0.65% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Golden, Texas
In Golden, 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 Wood 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 Golden, 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 Golden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 75444 at $2,328.00, while the lowest is also 75444 at $2,328.00.
Average Golden Assessed Value
$382,900
Average Wood County Assessed Value
$164,060
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Golden, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75444 | $304,292 | $339,935 | $382,900 | $473,680 | $555,512 |
Source: Ownwell
Property Tax Bills Across Golden, Texas
In Golden, Wood County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value of the property, which is determined by the county appraisal district. Various factors such as location, property size, and improvements can influence this assessed value. Homeowners in Golden can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,647, while the 75th percentile reaches approximately $2,486. At the higher end, the 90th percentile tax bill can be as much as $4,205. These figures illustrate the range of tax burdens homeowners might face depending on their property's assessed value and applicable exemptions. Compared to the national median property tax rate of 0.99%, Golden's property taxes can be relatively high, impacting homeowners' annual expenses. Understanding these factors can help residents manage their finances and plan for their property tax obligations effectively.
Average Golden Tax Bill
$2,328
Average Wood County Tax Bill
$816
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Golden, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75444 | $1,637 | $1,647 | $2,328 | $2,486 | $4,205 |
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 | |
|---|---|
| Wood Appraisal District | |
| Website | esearch.woodcad.net |