Cookville, Texas Property Taxes
The median property tax rate in Cookville, TX is 0.37%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Cookville at $150,000, the typical annual property tax bill amounts to $468, which is well below the national median of $2,690. Property taxes in Cookville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cookville'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 Cookville 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
Cookville, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$555
$515
Ownwell’s Cookville Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cookville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cookville 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 Cookville, Texas
Property taxes in Cookville, Texas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Cookville is 0.37%, which is higher than the Texas state median of 0.31% but significantly lower than the U.S. national median of 0.99%. Local government entities within Cookville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cookville 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 Cookville's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in Texas is found in 77494 with a rate of 2.52%, while the lowest median tax rate is in 79854 at 0.18%. Understanding how these cities compare with Cookville provides valuable insights into the varying tax landscape across Titus County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cookville Tax Rate
0.37%
Average Titus County Tax Rate
0.41%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cookville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75558 | 0.15% | 0.26% | 0.37% | 0.46% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Cookville, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cookville, Texas. 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 Titus 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 Cookville, 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, the median home price in Cookville is $150,000, with tax bills ranging from $171 at the 25th percentile to $1,453 at the 90th percentile. The highest and lowest median tax bills are both $468 in the 75558 zip code. Being aware of these valuation processes in Cookville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cookville Assessed Value
$150,000
Average Titus County Assessed Value
$154,720
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cookville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75558 | $25,070 | $62,118 | $150,000 | $269,916 | $381,249 |
Source: Ownwell
Property Tax Bills Across Cookville, Texas
In Cookville, located in Titus County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $150,000, homeowners can expect varying tax bills depending on specific factors like exemptions and local tax rates. The tax bill can range significantly, with the 25th percentile at $171 and the 75th percentile at $1022. At the 90th percentile, homeowners may see tax bills as high as $1453. These variations are influenced by the assessed value of the property, local tax rates, and any applicable exemptions. Homeowners in Cookville should be aware that the local median tax bill is $468, which is lower than the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Cookville Tax Bill
$468
Average Titus County Tax Bill
$573
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cookville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75558 | $67 | $171 | $468 | $1,022 | $1,453 |
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 | |
|---|---|
| Titus Appraisal District | |
| Website | esearch.titus-cad.org |