Cooper, Texas Property Taxes
The median property tax rate in Cooper, TX is 2.46%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Cooper at $120,050, the typical annual property tax bill reaches $2,757, exceeding the national median of $2,690. Property taxes in Cooper are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cooper'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 Cooper 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
Cooper, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.46%
Estimate Property Tax Bill
$2,953
$2,732
Ownwell’s Cooper Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cooper with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cooper 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 Cooper, Texas
Property taxes in Cooper, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cooper is 2.46%, significantly higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Cooper set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cooper 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 Cooper's effective property tax rate to other counties in Texas and the national median. For comparison, the 75432 zip code has the highest median property tax rate of 2.46%, while the same zip code also has the lowest median tax rate of 2.46%. Understanding how these cities compare with Cooper provides valuable insights into the varying tax landscape across Delta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cooper Tax Rate
2.46%
Average Delta County Tax Rate
2.34%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cooper, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75432 | 1.37% | 1.89% | 2.46% | 3.15% | 3.15% |
Source: Ownwell
Property Tax Assessment Values Across Cooper, Texas
In Cooper, 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 Delta 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 Cooper, 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. The median home price in Cooper is $120,050, with tax bills ranging from $1,346 at the 25th percentile to $6,795 at the 90th percentile. The highest and lowest median tax bills are both $2,757 in zip code 75432. Being aware of these valuation processes in Cooper helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cooper Assessed Value
$120,050
Average Delta County Assessed Value
$122,915
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cooper, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75432 | $21,772 | $57,245 | $120,050 | $224,225 | $400,324 |
Source: Ownwell
Property Tax Bills Across Cooper, Texas
In Cooper, located in Delta County, TX, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district and reflects the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including the property's size, location, and any applicable exemptions. For instance, if you own a home in Cooper with a median home price of $120,050, your tax bill could range from $1,346 at the 25th percentile to $4,603 at the 75th percentile, with the highest median tax bill in the area being $2,757. This variability can significantly impact homeowners, as higher property values and tax rates lead to more substantial tax obligations. Understanding these factors can help homeowners anticipate their tax liabilities and plan their finances accordingly.
Average Cooper Tax Bill
$2,757
Average Delta County Tax Bill
$2,570
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cooper, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75432 | $587 | $1,346 | $2,757 | $4,603 | $6,795 |
Source: Ownwell