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Goldthwaite, Lampasas County, Texas Property Taxes

  • Median Goldthwaite, TX effective property tax rate: 0.20%, significantly lower than the national median of 1.02%, and also lower than the Texas state median of 1.67%.

  • Median Goldthwaite, TX home value: $180,520

  • Median annual Goldthwaite, TX tax bill: $618, $1,782 lower than the national median property tax bill of $2,400.

How are property taxes in Lampasas calculated?

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

Last Updated March 1, 2025

Goldthwaite, Lampasas County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.2%

Estimate Property Tax Bill

$361

$335

Ownwell’s Goldthwaite Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Goldthwaite with just two data points. By entering your property's estimated assessed value, our calculator applies Goldthwaite’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 Mills County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Goldthwaite, Lampasas County, Texas

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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.

In Goldthwaite, located in Mills County, Texas, the effective property tax rate is 1.65%. This is significantly higher than the Texas state median property tax rate of 1.81%, and also above the national median of 1.02%. Consequently, the median property tax bill in Goldthwaite is $1,650, which is lower than the national median property tax bill of $2,400.

This discrepancy highlights the variation in property tax rates and bills across regions. By understanding these differences, property owners can make informed decisions about appealing their property tax assessments or seeking exemptions.

Property Tax Rates Across Goldthwaite, Lampasas County, Texas

Source: Ownwell

0.72%

0.85%

0.99%

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 Goldthwaite Tax Rate

0.20%

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 Lampasas County Tax Rate

0.89%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Goldthwaite, Lampasas County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
76844N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Goldthwaite, Lampasas County, Texas

When examining property taxes in Goldthwaite, 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 Lampasas 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 Lampasas County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Goldthwaite. For example, the median home price in Goldthwaite is $180,520, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Goldthwaite, Lampasas County, Texas

Source: Ownwell

$185,740

$272,810

$359,880

Median Goldthwaite Market Value

$180,520

Median Lampasas County Market Value

$268,280

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Goldthwaite, Lampasas County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76844N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Goldthwaite, Lampasas County, Texas

In Goldthwaite, Texas, property tax bills are determined by assessing the market value of a home and applying the local tax rate. Homeowners in this region face a property tax bill that can vary significantly depending on the assessed value of their property. For instance, the tax bill for the 25th percentile is $336, while it rises to $1,161 for the 75th percentile, and can reach up to $1,536 for the 90th percentile. These figures highlight how property taxes can impact homeowners differently based on the value of their homes. Compared to the national median property tax bill of $2,400, Goldthwaite's taxes can be relatively lower, but they still represent a significant expense for many homeowners. This is where Ownwell comes in. By offering property tax appeal and exemption services, Ownwell can help homeowners ensure their property is fairly assessed, potentially lowering their tax bills. Our expertise in navigating the complexities of property tax regulations can result in substantial savings, providing peace of mind and financial relief to homeowners.

Property Tax Bills Across Goldthwaite, Lampasas County, Texas

Source: Ownwell

$1,263

$1,942

$2,620

Median Goldthwaite Tax Bill

$618

Median Lampasas County Tax Bill

$2,214

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Goldthwaite, Lampasas County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76844N/AN/AN/AN/AN/A

Source: Ownwell

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