Whitesboro, Texas Property Taxes
The median property tax rate in Whitesboro, TX is 1.19%, notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Whitesboro at $210,253, the typical annual property tax bill amounts to $2,026, which is below the national median of $2,690. Property taxes in Whitesboro are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Whitesboro'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 Whitesboro or another part of Cooke County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whitesboro, 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 Whitesboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitesboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitesboro 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 Whitesboro, Texas
Property taxes in Whitesboro, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitesboro is 1.19%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Whitesboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitesboro 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 Whitesboro's effective property tax rate to other counties in Texas and the national median. For comparison, the 76273 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Whitesboro 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 Whitesboro Tax Rate
1.19%
Average Cooke County Tax Rate
1.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitesboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76273 | 0.63% | 0.87% | 1.19% | 1.28% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Whitesboro, Texas
In Whitesboro, 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 Whitesboro, 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 Whitesboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Whitesboro is $210,253, with tax bills ranging significantly. For example, the highest median tax bill in the area is $2,026 in the 76273 zip code, while the lowest median tax bill is also $2,026 in the same zip code.
Average Whitesboro Assessed Value
$210,253
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 Whitesboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76273 | $47,949 | $109,566 | $210,253 | $359,508 | $572,399 |
Source: Ownwell
Property Tax Bills Across Whitesboro, Texas
In Whitesboro, located in Cooke County, TX, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Whitesboro is $210,253, and the assessed value is used as the basis for calculating the tax bill. Factors such as the property's size, location, and condition are considered in the assessment process. Homeowners in Whitesboro can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is $1,019, while the 75th percentile tax bill reaches $3,603. At the 90th percentile, the tax bill can go up to $5,412. Comparatively, the highest median tax bill in the area is $2,026, which is also the lowest, reflecting a consistent rate within the zip code 76273. These property taxes directly impact homeowners by influencing their annual expenses and overall cost of homeownership, making it essential to understand how these bills are calculated and what factors contribute to them.
Average Whitesboro Tax Bill
$2,026
Average Cooke County Tax Bill
$2,905
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitesboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76273 | $461 | $1,019 | $2,026 | $3,603 | $5,412 |
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 |