Callisburg, Texas Property Taxes
The median property tax rate in Callisburg, TX is 1.27%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Callisburg at $186,148, the typical annual property tax bill reaches $2,034, slightly below the national median of $2,690. Property taxes in Callisburg are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Callisburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Callisburg or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Callisburg, 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 Callisburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Callisburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Callisburg 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 Callisburg, Texas
Property taxes in Callisburg, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Callisburg is 1.27%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Callisburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Callisburg 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 Callisburg's effective property tax rate to other counties in Texas and the national median. For comparison, the 76240 zip code has the highest median property tax rate of 1.27%, while the 76240 zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Callisburg provides valuable insights into the varying tax landscape across Cooke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Callisburg Tax Rate
1.27%
Average Cooke County Tax Rate
1.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Callisburg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76240 | 0.85% | 1.00% | 1.27% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Callisburg, Texas
In Callisburg, 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 Cooke 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 Callisburg, 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 Callisburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 76240 has both the highest and lowest median tax bill, valued at $2,034.
Average Callisburg Assessed Value
$186,148
Average Cooke County Assessed Value
$215,126
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Callisburg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76240 | $41,216 | $111,500 | $186,148 | $251,759 | $325,532 |
Source: Ownwell
Property Tax Bills Across Callisburg, Texas
In Callisburg, Cooke County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, the median home price in Callisburg is $186,148. Homeowners can expect their tax bills to vary widely; the 25th percentile tax bill is $1,161, while the 75th percentile tax bill reaches $2,769. At the 90th percentile, homeowners may pay as much as $3,616 annually. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Callisburg's tax rates may seem relatively moderate, but the actual amount can significantly impact homeowners' finances. Understanding these factors can help homeowners better anticipate their annual property tax obligations and manage their budgets accordingly.
Average Callisburg Tax Bill
$2,034
Average Cooke County Tax Bill
$2,905
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Callisburg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76240 | $494 | $1,161 | $2,034 | $2,769 | $3,616 |
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 | |
|---|---|
| Cooke Appraisal District | |
| Website | propaccess.trueautomation.com |