Cookville, Texas Property Taxes
The median property tax rate in Cookville, TX is 1.57%, notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $124,650, the typical annual property tax bill in Cookville amounts to $1,713, which is below the national median of $2,690. Property taxes in Cookville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Cookville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you reside in the heart of Cookville or another part of the city, a thorough understanding of the local property tax system is essential for optimizing your financial benefits.
Last Updated June 14, 2024
Cookville, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$1,957
$1,811
Ownwell’s Cookville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cookville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cookville 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 Cookville, Texas
Property taxes in Cookville, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cookville is 1.57%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Cookville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cookville 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 Cookville's effective property tax rate to other counties in Texas and the national median. For comparison, the 75558 zip code has the highest median property tax rate of 1.57%, while the 75558 zip code has the lowest median tax rate of 1.57%. Understanding how these cities compare with Cookville provides valuable insights into the varying tax landscape across Morris County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cookville Tax Rate
1.57%
Average Morris County Tax Rate
1.82%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cookville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75558 | 1.35% | 1.57% | 1.57% | 1.57% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Cookville, Texas
In Cookville, 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 Morris 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 Cookville, 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 Cookville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Cookville is $1713 in the 75558 zip code, while the lowest median tax bill is also $1713 in the same zip code.
Average Cookville Assessed Value
$124,650
Average Morris County Assessed Value
$87,670
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cookville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75558 | $43,632 | $64,720 | $124,650 | $162,000 | $256,130 |
Source: Ownwell
Property Tax Bills Across Cookville, Texas
In Cookville, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements or renovations made to the property. The median home price in Cookville is $124,650, and homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. For instance, the tax bill at the 25th percentile is $1,019, while at the 75th percentile, it rises to $1,964. Those at the 90th percentile can see tax bills as high as $2,761. Comparatively, the highest median tax bill in the region is $1,713, found in the 75558 zip code. These property taxes significantly impact homeowners, affecting their overall housing costs and financial planning. Understanding these factors can help homeowners anticipate and manage their annual property tax obligations effectively.
Average Cookville Tax Bill
$1,713
Average Morris County Tax Bill
$1,437
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cookville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75558 | $687 | $1,019 | $1,713 | $1,964 | $2,761 |
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 | |
|---|---|
| Morris Appraisal District | |
| Website | search.morriscad.com |