Loop, Gaines County, Texas Property Taxes
Property Taxes in Loop, Texas
Median Loop, Texas effective property tax rate: 1.58%, significantly higher than the national median of 1.02%, and higher than the Texas state median of 1.48%.
Median Loop, Texas home value: $97,720
Median annual Loop, Texas tax bill: $1,485, $915 lower than the national median property tax bill of $2,400.
How are property taxes in Gaines calculated?
Property taxes in Loop, Texas 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 Loop's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Loop, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Loop, Gaines County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.58%
Estimate Property Tax Bill
$1,544
$1,433
How Does the LOOP Property Tax Calculator Work?
Use this LOOP property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies LOOP's median effective tax rate of 1.58% — based on actual property records in Gaines County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies LOOP's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within LOOP: rates range from 1.58% in 79342 to 1.58% in 79342, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across LOOP.
About Loop Property Taxes
About Property Taxes in Loop, Gaines, Texas
Loop’s median effective property tax rate of 1.58% is higher than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Gaines County base levy combined with local school district levies and Municipal Utility Districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Loop. Homeowners in the 79342 ZIP code carry a median effective rate of 1.58%, while those in the same ZIP also pay 1.58%. This spread is 0 percentage points across the same city, reflecting how school district boundaries and local assessment districts are drawn across Gaines County. Understanding which part of Loop you live in can make a meaningful difference to your annual tax bill.
Loop homeowners who believe their assessed value is too high can file a formal appeal with the local Appraisal District before the May 15, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Loop, Gaines County, Texas
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that 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, in a nutshell, this is the annual process.
Below, you can compare Loop's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.
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 Loop Tax Rate
1.58%
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 Gaines County Tax Rate
1.99%
Median Effective Texas Tax Rate
1.48%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Loop, Gaines County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79342 | 0.55% | 1.33% | 1.58% | 1.64% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Loop, Gaines County, Texas
When examining property taxes in Loop, Texas, 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 Gaines 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.
Assessment notices:
In Gaines 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 Loop.
For example, the median home price in Loop is $97,720, with tax bills ranging significantly across the county. 79342 has the highest median home price at $97,720.
Property Tax Assessment Values Across Loop, Gaines County, Texas
Source: Ownwell
$56,160
$80,808
$105,455
Median Loop Market Value
$97,720
Median Gaines County Market Value
$92,660
Median Texas Market Value
$258,851
Median United States Market Value
$235,294
Property Tax Assessment Values Across Loop, Gaines County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79342 | $5,878 | $36,400 | $97,720 | $172,400 | $334,258 |
Source: Ownwell
Property Tax Bills Across Loop, Gaines County, Texas
Loop property tax bills are based on the assessed value of a home, which is determined by the local taxing authority using the property’s market value and other local factors. The tax rate is then applied to that assessed value to calculate the annual bill. For homeowners in Loop, this means a higher assessed value can lead to a larger tax bill, while a lower assessment can reduce what is owed.
The median home price in Loop is $97,720, and the median property tax bill is $1,485.00. That figure sits below the national median property tax bill of $2,400, showing that property taxes in this area are comparatively moderate. Still, bills can vary widely: the 25th percentile is $442, while the 75th percentile is $2,264 and the 90th percentile reaches $3,323. These differences reflect how assessment values and local tax rates affect what homeowners ultimately pay.
Median Loop Tax Bill
$1,485
Median Gaines County Tax Bill
$1,796
Median Texas Tax Bill
$3,441
Median United States Tax Bill
$2,400
Property Tax Bills Across Loop, Gaines County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79342 | $97 | $442 | $1,485 | $2,264 | $3,323 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
Links | |
|---|---|
| Gaines Appraisal District | |
| Website | esearch.gainescad.org |