Cooke County Property Taxes
The median property tax rate in Cooke County is 1.39%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Cooke County at $215,126, the typical annual property tax bill reaches $2,905, which exceeds the national median of $2,690. Property taxes in Cooke County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Cooke County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Gainesville or another part of Cooke County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cooke County 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 Cooke County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Cooke County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Cooke County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Cooke County, Texas
Property taxes in Cooke County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Cooke County is 1.39%, which is higher than both the Texas state median of 1.18% and the U.S. national median of 0.99%. Local government entities within Cooke County set these rates annually, and they can vary significantly between different areas within the county. Each year, Cooke County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Cooke County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Pilot Point has one of the higher property tax rates in Texas at 2.18%, while the city of Sanger boasts one of the lowest at 1.02%. Analyzing how Cooke County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Cooke County Tax Rate
1.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cooke County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Callisburg | 0.85% | 1.00% | 1.27% | 1.40% | 1.40% |
| Collinsville | 0.67% | 0.87% | 1.05% | 1.28% | 1.28% |
| Decatur | 0.68% | 1.05% | 1.40% | 1.50% | 1.50% |
| Era | 0.86% | 1.09% | 1.31% | 1.45% | 1.47% |
| Forestburg | 0.84% | 1.17% | 1.39% | 1.50% | 1.50% |
| Gainesville | 0.94% | 1.16% | 1.39% | 1.96% | 1.96% |
| Lake Kiowa | N/A | N/A | N/A | N/A | N/A |
| Lindsay | 1.35% | 1.48% | 1.66% | 1.86% | 1.91% |
| Muenster | 1.08% | 1.33% | 1.55% | 1.66% | 1.88% |
| Myra | 0.86% | 1.03% | 1.42% | 1.48% | 1.48% |
| Pilot Point | 1.30% | 1.86% | 2.18% | 2.18% | 2.18% |
| Rosston | 0.88% | 1.30% | 1.45% | 1.50% | 1.50% |
| Saint Jo | 0.98% | 1.29% | 1.66% | 1.66% | 1.66% |
| Sanger | 0.54% | 0.66% | 1.02% | 1.37% | 1.45% |
| Tioga | 0.67% | 1.03% | 1.28% | 1.51% | 1.54% |
| Valley View | 0.79% | 1.04% | 1.39% | 1.54% | 2.43% |
| Whitesboro | 0.63% | 0.87% | 1.19% | 1.28% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Cooke County, Texas
In Cooke County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Cooke County Appraisal District. The assessed value, however, 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. Assessment notices in Cooke County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Cooke County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, homeowners in Lindsay face the highest median tax bill at $5,393, while those in Myra enjoy the lowest at $1,097. By understanding these processes, you can better position yourself to manage your tax obligations.
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 Cooke County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Callisburg | $41,216 | $111,500 | $186,148 | $251,759 | $325,532 |
| Collinsville | $61,705 | $153,912 | $332,248 | $518,895 | $794,381 |
| Decatur | $56,656 | $83,452 | $172,895 | $338,823 | $568,441 |
| Era | $66,324 | $118,013 | $231,372 | $359,155 | $454,991 |
| Forestburg | $42,508 | $78,700 | $158,000 | $290,720 | $466,345 |
| Gainesville | $62,520 | $116,410 | $201,248 | $342,842 | $570,473 |
| Lake Kiowa | N/A | N/A | N/A | N/A | N/A |
| Lindsay | $134,115 | $239,225 | $329,121 | $423,767 | $546,915 |
| Muenster | $61,554 | $162,184 | $261,912 | $396,254 | $571,996 |
| Myra | $22,844 | $50,028 | $107,229 | $167,163 | $234,632 |
| Pilot Point | $17,002 | $40,876 | $62,676 | $137,418 | $606,991 |
| Rosston | $56,405 | $141,378 | $218,415 | $415,082 | $742,024 |
| Saint Jo | $43,421 | $96,500 | $224,579 | $352,516 | $551,822 |
| Sanger | $70,300 | $128,868 | $169,995 | $318,807 | $494,476 |
| Tioga | $77,776 | $184,728 | $423,652 | $791,331 | $1,086,878 |
| Valley View | $26,500 | $83,170 | $252,183 | $463,022 | $708,435 |
| Whitesboro | $47,949 | $109,566 | $210,253 | $359,508 | $572,399 |
Source: Ownwell
Property Tax Bills Across Cooke County, Texas
In Cooke County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the tax rate set by various taxing entities, such as school districts, cities, and special districts. This tax rate can vary, but the median property tax rate in Cooke County is 0.99%, aligning with the national median. Homeowners in Cooke County with a median home price of $215,126 can expect their property tax bill to range significantly. For instance, those in the 25th percentile pay around $1,522, while those in the 75th percentile face a tax bill of approximately $4,765. The top 10% of homeowners could see their tax bills soar to $7,160 or more. The highest median tax bill in the county is found in Lindsay at $5,393, while Myra boasts the lowest at $1,097. These variations in tax bills are influenced by multiple factors, including property values and local tax rates, directly impacting homeowners' financial obligations.
Average Cooke County Tax Bill
$2,905
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cooke County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Callisburg | $494 | $1,161 | $2,034 | $2,769 | $3,616 |
| Collinsville | $498 | $1,252 | $2,792 | $5,039 | $7,101 |
| Decatur | $722 | $908 | $1,544 | $3,069 | $6,473 |
| Era | $622 | $1,319 | $2,644 | $4,197 | $5,604 |
| Forestburg | $491 | $916 | $1,658 | $3,213 | $4,959 |
| Gainesville | $816 | $1,681 | $2,947 | $4,635 | $6,941 |
| Lake Kiowa | N/A | N/A | N/A | N/A | N/A |
| Lindsay | $2,296 | $3,652 | $5,393 | $6,995 | $8,594 |
| Muenster | $854 | $2,262 | $3,782 | $5,765 | $7,880 |
| Myra | $289 | $594 | $1,097 | $2,075 | $2,853 |
| Pilot Point | $381 | $879 | $1,358 | $2,646 | $5,641 |
| Rosston | $556 | $1,359 | $2,499 | $4,943 | $7,861 |
| Saint Jo | $636 | $1,352 | $3,029 | $4,590 | $7,512 |
| Sanger | $489 | $821 | $1,487 | $3,477 | $5,759 |
| Tioga | $749 | $1,781 | $3,752 | $8,516 | $12,223 |
| Valley View | $454 | $1,003 | $2,664 | $5,075 | $7,986 |
| Whitesboro | $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 |