Westworth Village, Texas Property Taxes
The median property tax rate in Westworth Village, TX is 1.71%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Westworth Village at $232,762, the typical annual property tax bill reaches $4,108, exceeding the national median of $2,690. Property taxes in Westworth Village 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 Westworth Village'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 Westworth Village 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
Westworth Village, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$3,980
$3,683
$1,148
Average Westworth Village, Texas Tax Savings
Ownwell’s Westworth Village Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Westworth Village with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westworth Village 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 Westworth Village. 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 Westworth Village, Texas
Property taxes in Westworth Village, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westworth Village is 1.71%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Westworth Village set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westworth Village 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 Westworth Village's effective property tax rate to other counties in Texas and the national median. For comparison, the 76114 zip code has the highest median property tax rate of 1.71%, while the same zip code also has the lowest median tax rate of 1.71%. Understanding how these cities compare with Westworth Village 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 Westworth Village Tax Rate
1.71%
Average Tarrant County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westworth Village, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76114 | 0.45% | 1.05% | 1.71% | 2.08% | 2.22% |
Source: Ownwell
$1,148
Average Westworth Village Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Westworth Village, Texas
In Westworth Village, 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 Westworth Village, 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. The median home price in the area is $232,762, with tax bills ranging from $2,372 at the 25th percentile to $16,744 at the 90th percentile. The highest and lowest median tax bill is $4,108 in the 76114 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 Westworth Village helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Westworth Village, Texas
Source: Ownwell
$13,373
$1,524,308
$3,035,243
Average Westworth Village Assessed Value
$232,762
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 Westworth Village, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76114 | $163,222 | $201,057 | $232,762 | $595,675 | $1,121,628 |
Source: Ownwell
$1,148
Average Westworth Village Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Westworth Village, Texas
Property tax bills in Westworth Village, located in Tarrant County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the property's market value. For instance, with a median home price of $232,762, homeowners can expect varying tax bills. The 25th percentile tax bill stands at $2,372, while the 75th percentile reaches $7,211, and the 90th percentile goes up to $16,744. The highest median tax bill in the area is $4,108, applicable to the 76114 zip code. These tax bills can significantly impact homeowners, often leading to financial strain. This is where Ownwell steps in. By offering property tax appeal and exemption services, Ownwell helps homeowners challenge their assessed values, potentially lowering their tax bills. This service can lead to substantial savings, easing the financial burden on homeowners and ensuring they are not overpaying on their property taxes.
Average Westworth Village Tax Bill
$4,108
Average Tarrant County Tax Bill
$5,114
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Westworth Village, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76114 | $1,110 | $2,372 | $4,108 | $7,211 | $16,744 |
Source: Ownwell
$1,148
Average Westworth Village 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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