Watauga, Texas Property Taxes
The median property tax rate in Watauga, TX is 1.67%, considerably higher than the national median of 0.99%. With the median home value in Watauga at $268,522, the typical annual property tax bill reaches $4,422, exceeding the national median of $2,690. Property taxes in Watauga 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 Watauga'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 Watauga 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
Watauga, 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 Watauga, Texas Tax Savings
Ownwell’s Watauga Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Watauga with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Watauga 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 Watauga. 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 Watauga, Texas
Property taxes in Watauga, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Watauga is 1.67%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Watauga set these rates annually, and they can vary significantly across different neighborhoods. Each year, Watauga 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 Watauga's effective property tax rate to other counties in Texas and the national median. For comparison, the 76148 zip code has the highest median property tax rate of 1.67%, while the 76137 zip code has the lowest median tax rate of 1.67%. Understanding how these cities compare with Watauga provides valuable insights into the varying tax landscape across Tarrant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Watauga Tax Rate
1.67%
Average Tarrant County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Watauga, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76137 | 1.30% | 1.56% | 1.67% | 1.80% | 1.83% |
| 76148 | 0.70% | 1.34% | 1.67% | 1.97% | 2.12% |
Source: Ownwell
$1,148
Average Watauga Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Watauga, Texas
In Watauga, 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 Tarrant 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 Watauga, 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 the area is $5,639 in the 76137 zip code, while the lowest is $4,319 in the 76148 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 Watauga helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Watauga Assessed Value
$268,522
Average Tarrant County Assessed Value
$306,713
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Watauga, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76137 | $291,000 | $313,738 | $340,695 | $365,560 | $402,311 |
| 76148 | $191,192 | $234,198 | $265,481 | $290,649 | $322,896 |
Source: Ownwell
$1,148
Average Watauga Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Watauga, Texas
In Watauga, Tarrant County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value of the property, which is influenced by factors such as location, size, and condition. With a median home price of $268,522, homeowners in Watauga can expect their tax bills to vary. For example, the 25th percentile tax bill is around $3,326, while the 75th percentile tax bill reaches about $5,297. The highest median tax bill in the area is $5,639, found in the 76137 zip code. Property taxes can significantly impact homeowners, making it essential to ensure that their property is assessed fairly. Ownwell offers expert property tax appeal and exemption services to help homeowners reduce their tax burdens. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in Watauga in potentially lowering their property tax bills, ensuring they pay only their fair share.
Average Watauga Tax Bill
$4,422
Average Tarrant County Tax Bill
$5,114
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Watauga, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76137 | $4,055 | $4,974 | $5,639 | $6,176 | $6,814 |
| 76148 | $1,698 | $3,258 | $4,319 | $5,202 | $5,818 |
Source: Ownwell
$1,148
Average Watauga Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 24 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Tarrant Appraisal District | |
| Phone | (817) 284-0024 |
| Website | www.tad.org |
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