Cushing, Texas Property Taxes
The median property tax rate in Cushing, TX is 1.24%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Cushing at $90,240, the typical annual property tax bill is $923, significantly less than the national median of $2,690. Property taxes in Cushing are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Cushing'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 Cushing 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
Cushing, 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 Cushing Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cushing with just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Cushing to provide an estimated property tax bill. This valuable tool allows you to understand your potential tax liabilities. For those interested in more granular insights, scrolling down will reveal trends at the neighborhood level. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Cushing, Texas
Property taxes in Cushing, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cushing is 1.24%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Cushing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cushing 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 Cushing's effective property tax rate to other counties in Texas and the national median. For comparison, the 75760 zip code has the highest median property tax rate of 1.24%, while the same zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Cushing provides valuable insights into the varying tax landscape across Rusk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cushing Tax Rate
1.24%
Average Rusk County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cushing, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75760 | 0.50% | 0.84% | 1.24% | 1.38% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Cushing, Texas
In Cushing, 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 Rusk 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 Cushing, 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 Cushing helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $923.00 in the 75760 zip code, while the lowest median tax bill is also $923.00 in the same zip code.
Average Cushing Assessed Value
$90,240
Average Rusk County Assessed Value
$113,250
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cushing, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75760 | $19,914 | $39,290 | $90,240 | $172,500 | $366,866 |
Source: Ownwell
Property Tax Bills Across Cushing, Texas
In Cushing, Rusk County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Cushing is $90,240. The property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, its assessed value, and applicable exemptions. Homeowners in Cushing can expect their tax bills to vary significantly. For instance, those in the 25th percentile pay around $413, while those in the 75th percentile face a tax bill of approximately $1,676. At the higher end, the 90th percentile sees tax bills reaching up to $2,884. These figures are particularly relevant when compared to the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners, as property taxes directly impact their annual expenses. Accurate assessments and knowledge of potential exemptions can help in managing these costs effectively.
Average Cushing Tax Bill
$923
Average Rusk County Tax Bill
$1,761
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cushing, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75760 | $216 | $413 | $923 | $1,676 | $2,884 |
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 | |
|---|---|
| Rusk Appraisal District | |
| Website | www.ruskcad.org |