Forestburg, Texas Property Taxes
The median property tax rate in Forestburg, TX is 1.39%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $158,000 in Forestburg, the typical annual property tax bill amounts to $1,658, falling below the national median of $2,690. Property taxes in Forestburg are based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Forestburg'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 Forestburg or another part of Cooke County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Forestburg, 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 Forestburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Forestburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Forestburg 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 Forestburg, Texas
Property taxes in Forestburg, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Forestburg is 1.39%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Forestburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Forestburg 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 Forestburg's effective property tax rate to other counties in Texas and the national median. For comparison, the 76239 zip code has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Forestburg 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 Forestburg Tax Rate
1.39%
Average Cooke County Tax Rate
1.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Forestburg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76239 | 0.84% | 1.17% | 1.39% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Forestburg, Texas
In Forestburg, 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 Forestburg, 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 Forestburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Cooke County, the highest and lowest median tax bills are both $1658 in the 76239 zip code.
Average Forestburg Assessed Value
$158,000
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 Forestburg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76239 | $42,508 | $78,700 | $158,000 | $290,720 | $466,345 |
Source: Ownwell
Property Tax Bills Across Forestburg, Texas
In Forestburg, located in Cooke County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $158,000, homeowners in Forestburg can expect a tax bill ranging from $916 at the 25th percentile to $4,959 at the 90th percentile. Factors influencing the tax bill include property size, location, and market trends. Homeowners in the zip code 76239, which encompasses Forestburg, see a median tax bill of $1,658, which aligns with the highest and lowest median tax bills in the area. Compared to the national median property tax rate of 0.99%, Forestburg homeowners might find their rates relatively moderate. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances accordingly.
Average Forestburg Tax Bill
$1,658
Average Cooke County Tax Bill
$2,905
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Forestburg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76239 | $491 | $916 | $1,658 | $3,213 | $4,959 |
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 |