Dallas, Texas Property Taxes
The median property tax rate in Dallas, TX is 1.85%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Dallas at $540,934, the typical annual property tax bill reaches $9,908, far exceeding the national median of $2,690. Property taxes in Dallas are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dallas'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 Dallas 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
Dallas, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.85%
Estimate Property Tax Bill
$10,007
$9,259
$1,148
Average Dallas, Texas Tax Savings
Ownwell’s Dallas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dallas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dallas 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 Dallas. 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 Dallas, Texas
Property taxes in Dallas, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dallas is 1.85%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Dallas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dallas 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 Dallas's effective property tax rate to other counties in Texas and the national median. For comparison, the 75287 zip code has the highest median property tax rate of 1.87%, while 75248 has the lowest median tax rate of 1.72%. Understanding how these cities compare with Dallas provides valuable insights into the varying tax landscape across Collin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dallas Tax Rate
1.85%
Average Collin County Tax Rate
1.60%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dallas, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75248 | 1.58% | 1.67% | 1.72% | 2.04% | 2.04% |
| 75252 | 1.62% | 1.72% | 1.84% | 2.04% | 2.04% |
| 75287 | 1.57% | 1.71% | 1.87% | 2.04% | 2.04% |
Source: Ownwell
$1,148
Average Dallas Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Dallas, Texas
In Dallas, 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 Collin 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 Dallas, 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 Dallas is $10,019 in the 75252 zip code, while the lowest is $8,855 in the 75248 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 Dallas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dallas Assessed Value
$540,934
Average Collin County Assessed Value
$477,029
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dallas, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75248 | $239,910 | $414,456 | $491,000 | $550,348 | $583,585 |
| 75252 | $251,236 | $421,172 | $556,931 | $694,289 | $815,150 |
| 75287 | $248,926 | $393,647 | $516,300 | $789,089 | $1,075,914 |
Source: Ownwell
$1,148
Average Dallas Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Dallas, Texas
In Dallas, property tax bills are calculated based on the assessed value of a home, which is determined by the Collin County Appraisal District. This assessed value is then multiplied by the local property tax rate, which varies depending on the specific taxing authorities in the area. The median home price in Dallas is $540,934, leading to substantial property tax bills. For instance, homeowners in the 25th percentile pay around $7,467, while those in the 75th percentile face bills up to $13,013. Some areas, like zip code 75252, see the highest median tax bills at $10,019, compared to the lowest median tax bill of $8,855 in zip code 75248. Homeowners can feel the financial strain, especially when tax bills reach the 90th percentile at $16,457. This is where Ownwell steps in, offering expert property tax appeal and exemption services. By accurately assessing your property's value and identifying potential exemptions, Ownwell helps reduce your tax burden, ensuring you never overpay on your property taxes.
Average Dallas Tax Bill
$9,908
Average Collin County Tax Bill
$7,555
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Dallas, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75248 | $3,990 | $6,860 | $8,855 | $10,103 | $11,335 |
| 75252 | $4,740 | $7,813 | $10,019 | $12,546 | $15,082 |
| 75287 | $4,841 | $7,123 | $9,660 | $14,308 | $18,555 |
Source: Ownwell
$1,148
Average Dallas 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 | |
|---|---|
| Collin Appraisal District | |
| Phone | (469) 742-9200 |
| Website | esearch.collincad.org |
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