Average Tax Assessment in Cooke County
Real Estate Values and Property Tax Valuation in Cooke County, Texas
Cooke County has 16,986 properties with a cumulative value of $3.3B, representing 0.15% of all real estate value in Texas. Property taxes in Cooke County totaled $48.5M, with an average property tax rate of 1.48%, lower than the state average of 1.69%. The average homeowner in Cooke County pays $2,855 in property taxes, significantly lower than the state average of $4,015. Property taxes are calculated based on the assessed value of the property.
The property tax timeline in Texas begins on January 1st, when the property valuation date is set. Property value notices are issued between April and May, and the property tax appeal deadline is May 15th or 30 days after the notices are issued. The real property tax bill is due on January 31st for the preceding year's gross tax bills.
Updated November 01, 2023
| Important Links | |
|---|---|
| Cooke Clerk | (940) 668-5420 |
| TexasFile Clerk Records | - |
| Important Dates | |
|---|---|
| Real Property Tax Bill Due (1st of #): | January 31st, Gross tax bills for preceding year |
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - May |
| Property Tax Appeal Deadline: | May 15th or 30 days after notices are issued |
| Property Tax Bills Issued: | October 1st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Cooke County
Residential Property Taxes by Cities in Cooke County
Cooke County has an average property tax rate of 1.48%, which is slightly lower than the state average of 1.81%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average Cooke County property tax bill is $2,855, which is lower than the state average of $3,072.
Property tax rates vary across the cities in Cooke County. Muenster has the highest effective property tax rate at 1.76%, while Whitesboro has the lowest effective property tax rate at 0.92%. This means that property owners in Muenster will pay more in taxes than those in Whitesboro. However, the difference in rates is not significant enough to make a major impact on the overall property tax burden in Cooke County.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Cooke County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Collinsville | $31,289 | $93,528 | $214,497 | $333,274 | $445,189 |
| Gainesville | $40,355 | $74,966 | $137,037 | $234,691 | $386,651 |
| Lindsay | $106,242 | $171,026 | $239,818 | $313,191 | $406,308 |
| Muenster | $53,396 | $105,704 | $177,150 | $271,674 | $377,989 |
| Valley View | $14,909 | $49,737 | $162,715 | $301,674 | $465,013 |
| Whitesboro | $24,322 | $59,224 | $122,457 | $230,419 | $343,483 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Cooke County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Collinsville | $352 | $863 | $2,185 | $4,494 | $6,130 |
| Gainesville | $485 | $1,176 | $2,214 | $3,780 | $5,924 |
| Lindsay | $1,643 | $2,557 | $3,926 | $5,489 | $7,046 |
| Muenster | $673 | $1,641 | $3,072 | $5,125 | $7,078 |
| Valley View | $276 | $689 | $1,927 | $4,134 | $6,762 |
| Whitesboro | $166 | $387 | $898 | $1,920 | $3,412 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Collinsville | 1.12% | 0.92% | 1.02% | 1.35% | 1.38% |
| Gainesville | 1.20% | 1.57% | 1.62% | 1.61% | 1.53% |
| Lindsay | 1.55% | 1.50% | 1.64% | 1.75% | 1.73% |
| Muenster | 1.26% | 1.55% | 1.73% | 1.89% | 1.87% |
| Valley View | 1.85% | 1.39% | 1.18% | 1.37% | 1.45% |
| Whitesboro | 0.68% | 0.65% | 0.73% | 0.83% | 0.99% |
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Real Estate Values in Cooke County
The median home price in Cooke County, Texas has decreased by 9.39% from October 2022 to October 2023, from $330.0K to $299.0K. This decrease in home prices is accompanied by an increase in home inventory, from 159 in October 2022 to 175 in October 2023. This suggests that the housing market in Cooke County is becoming more competitive, with more homes available for buyers to choose from.
Average Home Value in Cooke County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Cooke County
Last updated: November 2023
Percent Change in New Home Listings in Cooke County
Last updated: November 2023
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Mortgage Rates in Cooke County
Mortgages in Cooke County are a major source of financing for homeowners. According to the latest statistics, there is a total of $909.0M in outstanding loan amounts across home mortgages in Cooke County, with 3.6K outstanding loans. This represents a significant portion of the total home value in the county. The median mortgage rate in Cooke County varies across cities, with the highest rate in Whitesboro at 4.17% and the lowest in Muenster at 3.98%. This variation in rates across cities provides homeowners with the opportunity to shop around for the best deal.
Overall, mortgages in Cooke County are an important source of financing for homeowners. With a total of $909.0M in outstanding loan amounts and 3.6K outstanding loans, this represents a significant portion of the total home value in the county. Furthermore, the variation in rates across cities provides homeowners with the opportunity to find the best deal for their needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Cooke County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Collinsville | $53,345 | $118,896 | $224,050 | $349,864 | $420,266 |
| Gainesville | $33,724 | $63,824 | $121,964 | $201,642 | $294,222 |
| Lindsay | $32,013 | $83,513 | $174,002 | $249,914 | $371,535 |
| Muenster | $37,004 | $70,765 | $132,401 | $191,030 | $302,531 |
| Valley View | $26,681 | $68,074 | $140,061 | $267,693 | $411,440 |
| Whitesboro | $32,521 | $66,694 | $107,627 | $211,565 | $279,676 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Cooke County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Collinsville | 3.08% | 3.62% | 4.14% | 4.84% | 5.91% |
| Gainesville | 2.90% | 3.50% | 4.14% | 5.00% | 6.19% |
| Lindsay | 2.90% | 3.49% | 4.04% | 5.00% | 6.28% |
| Muenster | 2.95% | 3.49% | 3.98% | 4.84% | 6.07% |
| Valley View | 2.90% | 3.50% | 4.12% | 5.00% | 6.16% |
| Whitesboro | 3.00% | 3.64% | 4.17% | 5.07% | 6.25% |
Housing Expenses in Cooke County, Texas
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