Rock Creek: Property Tax
Real Estate Property Taxes
Your responsibility for the payment of all real estate property taxes on your lot begins on the date you sign your Real Estate Sales Contract. This includes:
- Whitesboro I.S.D. Taxes
- Grayson County Taxes
Additional taxes may also apply, such as those for Grayson Junior College and Special Districts (e.g., the Choctaw Watershed District).
Tax Assessment:
Taxes are calculated using various methods, typically based on a percentage of the selling price multiplied by a millage factor. Based on the 2019 property tax rates, the estimated tax is around $2.51 per $100 of assessed value. Please note that the assessed value of your lot, the tax rates, or both, may change over time.
There are no other real estate property taxes assessed against your lot at this time.
Non-Payment Consequences:
If you purchase a lot using an installment contract and fail to pay the taxes when due, we may be required to pay these taxes to prevent a lien from being filed by the appropriate taxing authorities. If you then refuse to reimburse us for the amounts paid, we reserve the right to foreclose on your lot.
Tax information website:
http://taxsearch.co.grayson.tx.us/