Grand Prairie, Texas Property Taxes
The median property tax rate in Grand Prairie, TX is 1.34%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Grand Prairie, the typical annual property tax bill reaches $795, which is significantly lower than the national median of $2,690. Property taxes in Grand Prairie 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 Grand Prairie'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 Grand Prairie 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
Grand Prairie, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$911
$843
$1,148
Average Grand Prairie, Texas Tax Savings
Ownwell’s Grand Prairie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grand Prairie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grand Prairie 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 Grand Prairie. 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 Grand Prairie, Texas
Property taxes in Grand Prairie, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grand Prairie is 1.34%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Grand Prairie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grand Prairie 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 Grand Prairie's effective property tax rate to other counties in Texas and the national median. For comparison, the 75052 zip code has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Grand Prairie provides valuable insights into the varying tax landscape across Ellis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grand Prairie Tax Rate
1.34%
Average Ellis County Tax Rate
1.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grand Prairie, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75052 | 0.22% | 1.34% | 1.34% | 1.40% | 1.53% |
| 76050 | 0.16% | 0.16% | 0.18% | 0.72% | 1.35% |
| 76065 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Grand Prairie Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Grand Prairie, Texas
In Grand Prairie, 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 Ellis 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 in Grand Prairie 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. Being aware of these valuation processes in Grand Prairie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $795 in the 75052 zip code, while the lowest is $746 in the 76050 zip code.
Average Grand Prairie Assessed Value
$68,000
Average Ellis County Assessed Value
$332,264
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grand Prairie, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75052 | $59,500 | $59,500 | $60,988 | $68,000 | $452,302 |
| 76050 | $421,555 | $446,299 | $471,341 | $496,981 | $551,964 |
| 76065 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Grand Prairie Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Grand Prairie, Texas
In Grand Prairie, Texas, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. For a median home price of $68,000, the tax bill can vary significantly. Factors such as property location, improvements, and market conditions are considered in the assessment. The 25th percentile tax bill is $795, while the 75th percentile tax bill is $955, showing a range that reflects different neighborhood values and home conditions. At the top end, the 90th percentile tax bill can reach as high as $3,159. These tax bills can have a substantial impact on homeowners, affecting monthly budgets and long-term financial planning. Ownwell offers expert property tax appeal and exemption services to help reduce these burdens. By leveraging local market knowledge and a deep understanding of tax codes, Ownwell can identify discrepancies in assessments and secure savings for homeowners. This can lead to lower annual tax bills, providing significant financial relief and peace of mind.
Average Grand Prairie Tax Bill
$795
Average Ellis County Tax Bill
$4,181
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Grand Prairie, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75052 | $795 | $795 | $795 | $955 | $955 |
| 76050 | $746 | $746 | $746 | $3,481 | $5,350 |
| 76065 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Grand Prairie 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 | |
|---|---|
| Ellis Appraisal District | |
| Phone | (972) 825-5150 |
| Website | www.elliscad.com |
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