Northlake, Texas Property Taxes
The median property tax rate in Northlake, TX is 1.46%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Northlake at $582,228, the typical annual property tax bill reaches $8,702, significantly exceeding the national median of $2,690. Property taxes in Northlake 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 Northlake'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 Northlake 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
Northlake, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Northlake, Texas Tax Savings
Ownwell’s Northlake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Northlake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Northlake to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Northlake. 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 Northlake, Texas
Property taxes in Northlake, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Northlake is 1.46%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Northlake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Northlake 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 Northlake's effective property tax rate to other counties in Texas and the national median. For comparison, the 76226 zip code has the highest median property tax rate of 2.09%, while the 76247 zip code has the lowest median tax rate of 1.42%. Understanding how these cities compare with Northlake provides valuable insights into the varying tax landscape across Denton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Northlake Tax Rate
1.46%
Average Denton County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Northlake, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76226 | 1.34% | 1.62% | 2.09% | 2.21% | 2.21% |
| 76247 | N/A | N/A | N/A | N/A | N/A |
| 76247 | 1.37% | 1.40% | 1.42% | 1.48% | 1.65% |
| 76262 | 0.44% | 1.16% | 1.79% | 1.92% | 2.28% |
Source: Ownwell
$1,148
Average Northlake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Northlake, Texas
In Northlake, 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 Denton 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 Northlake, 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. For instance, the highest median tax bill in Northlake is $10,276 in the 76226 zip code, while the lowest is $8,483 in the 76247 zip code. 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 Northlake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Northlake Assessed Value
$582,228
Average Denton County Assessed Value
$444,000
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Northlake, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76226 | $265,332 | $425,006 | $527,628 | $648,069 | $969,714 |
| 76247 | N/A | N/A | N/A | N/A | N/A |
| 76247 | $502,784 | $548,590 | $591,398 | $631,295 | $683,186 |
| 76262 | $447,434 | $469,389 | $615,576 | $892,316 | $999,275 |
Source: Ownwell
$1,148
Average Northlake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Northlake, Texas
In Northlake, Denton County, TX, property tax bills are calculated based on the assessed value of your home, which is determined by the county appraisal district. The assessed value is then multiplied by the local property tax rate to determine the tax bill. For instance, homeowners in Northlake face a median home price of $582,228, resulting in varying tax bills. The 25th percentile tax bill is around $7,573, while the 75th percentile reaches $10,284, and the 90th percentile can soar to $13,265. These figures highlight how significant property taxes can be for homeowners, especially when compared to the national median property tax rate of 0.99%. Ownwell helps homeowners save on their property tax bills by providing expert property tax appeal and exemption services. By thoroughly analyzing your property’s assessed value and comparing it to market conditions, Ownwell can identify opportunities to challenge over-assessments. This targeted approach can lead to substantial savings, ensuring you pay only your fair share of property taxes.
Average Northlake Tax Bill
$8,702
Average Denton County Tax Bill
$7,425
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Northlake, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76226 | $5,277 | $7,940 | $10,276 | $13,187 | $14,274 |
| 76247 | N/A | N/A | N/A | N/A | N/A |
| 76247 | $6,910 | $7,898 | $8,483 | $9,256 | $10,113 |
| 76262 | $2,921 | $7,707 | $9,435 | $12,443 | $14,096 |
Source: Ownwell
$1,148
Average Northlake Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Denton Appraisal District | |
| Phone | (940) 349-3910 |
| Website | esearch.dentoncad.com |
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