Era, Texas Property Taxes
The median property tax rate in ERA, TX is 1.31%, higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $231,372 in ERA, the typical annual property tax bill is $2,644, slightly above the national median of $2,690. Property taxes in ERA are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding ERA'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 ERA 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
Era, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$3,031
$2,804
Ownwell’s ERA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ERA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ERA 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 Era, Texas
Property taxes in ERA, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ERA is 1.31%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within ERA set these rates annually, and they can vary significantly across different neighborhoods. Each year, ERA 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 ERA's effective property tax rate to other counties in Texas and the national median. For comparison, the 76238 zip code has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with ERA 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 Era Tax Rate
1.31%
Average Cooke County Tax Rate
1.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Era, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76238 | 0.86% | 1.09% | 1.31% | 1.45% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Era, Texas
In ERA, 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 ERA, 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 ERA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 76238, at $2,644, which is above the national median property tax rate of 0.99%.
Average Era Assessed Value
$231,372
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 Era, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76238 | $66,324 | $118,013 | $231,372 | $359,155 | $454,991 |
Source: Ownwell
Property Tax Bills Across Era, Texas
In ERA, located in Cooke County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $231,372, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Several factors influence the property tax bill, including the property's assessed value, local tax rates, and any eligible exemptions. Homeowners in ERA might see tax bills ranging from $1,319 at the 25th percentile to $4,197 at the 75th percentile, with the 90th percentile reaching $5,604. These figures highlight the variability in tax burdens across different properties. Compared to the national median property tax rate of 0.99%, ERA's tax bills reflect the specific economic and administrative conditions of Cooke County. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Era Tax Bill
$2,644
Average Cooke County Tax Bill
$2,905
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Era, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76238 | $622 | $1,319 | $2,644 | $4,197 | $5,604 |
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 |