Tioga, Texas Property Taxes
The median property tax rate in Tioga, TX is 1.28%, which is higher than both the national median of 0.99% and Texas' state median of 1.67%. With a median home value of $423,652 in Tioga, the typical annual property tax bill amounts to $3,752, surpassing the national median of $2,690. Property taxes in Tioga are based on the assessed value, which is usually lower than the market value due to exemptions such as primary residence and agricultural exemptions. By understanding Tioga's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether residing in the heart of Tioga or other parts of the city, gaining insight into the local property tax system is beneficial for financial planning and investment strategies.
Last Updated June 14, 2024
Tioga, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$5,423
$5,017
Ownwell’s Tioga Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tioga with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tioga 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 Tioga, Texas
Property taxes in Tioga, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tioga is 1.28%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Tioga set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tioga 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 Tioga's effective property tax rate to other counties in Texas and the national median. For comparison, the 76271 zip code has the highest median property tax rate of 1.28%, while the 76271 zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Tioga 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 Tioga Tax Rate
1.28%
Average Cooke County Tax Rate
1.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tioga, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76271 | 0.67% | 1.03% | 1.28% | 1.51% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Tioga, Texas
In Tioga, 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. 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. For instance, Tioga's median home price is $423,652, with tax bills ranging from $1,781 at the 25th percentile to $12,223 at the 90th percentile. The highest and lowest median tax bills in Tioga are both $3,752 in the 76271 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tioga Assessed Value
$423,652
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 Tioga, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76271 | $77,776 | $184,728 | $423,652 | $791,331 | $1,086,878 |
Source: Ownwell
Property Tax Bills Across Tioga, Texas
In Tioga, located 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 combined tax rate set by various taxing entities such as the county, school district, and other local authorities. For example, with a median home price of $423,652, homeowners can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $1,781, while at the 75th percentile, they rise to $8,516. The highest tax bills, at the 90th percentile, can reach up to $12,223. These figures highlight that property taxes can have a substantial impact on homeowners in Tioga, especially when compared to the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners to budget effectively and anticipate their annual financial obligations.
Average Tioga Tax Bill
$3,752
Average Cooke County Tax Bill
$2,905
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Tioga, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76271 | $749 | $1,781 | $3,752 | $8,516 | $12,223 |
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 |