Flowermound, Texas Property Taxes
The median property tax rate in Flower Mound, TX is 1.43%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Flower Mound at $535,170, the typical annual property tax bill reaches $7,678, far exceeding the national median of $2,690. Property taxes in Flower Mound 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 Flower Mound'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 Flower Mound 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
Flowermound, 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 Flowermound, Texas Tax Savings
Ownwell’s Flower Mound Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Flower Mound with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flower Mound 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 Flower Mound. 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 Flowermound, Texas
Property taxes in Flower Mound, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Flower Mound is 1.43%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Flower Mound set these rates annually, and they can vary significantly across different neighborhoods. Each year, Flower Mound estimates its required budget to maintain services for the upcoming fiscal year. This budget is then divided 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 Flower Mound's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 75028 has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Flower Mound 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 Flowermound Tax Rate
1.43%
Average Denton County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flowermound, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75028 | 1.38% | 1.41% | 1.43% | 1.45% | 1.46% |
Source: Ownwell
$1,148
Average Flowermound Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Flowermound, Texas
In Flower Mound, 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 Flower Mound, 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. 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 Flower Mound 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 $7,678 in the 75028 zip code, while the lowest is also $7,678 in the same zip code.
Average Flowermound Assessed Value
$535,170
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 Flowermound, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75028 | $476,038 | $512,040 | $535,170 | $545,724 | $559,089 |
Source: Ownwell
$1,148
Average Flowermound Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Flowermound, Texas
In Flower Mound, located in Denton County, TX, property tax bills are calculated based on the assessed value of a property multiplied by the local tax rate. For homeowners, this means that a median home price of $535,170 can lead to significant tax bills. Factors such as property size, location, and improvements contribute to the assessed value. Homeowners in this area face a median property tax bill of $7,678, with the 25th percentile at $7,213 and the 75th percentile at $7,927. This is notably higher than the national median property tax rate of 0.99%. High property taxes can be a financial burden for homeowners. Ownwell offers valuable assistance by providing property tax appeal and exemption services. By reviewing your property's assessed value and identifying any discrepancies, Ownwell can help you contest over-assessments. This process can lead to significant savings on your annual tax bill, ensuring you only pay what is fair. Trust Ownwell to help reduce your property tax burden effectively.
Average Flowermound Tax Bill
$7,678
Average Denton County Tax Bill
$7,425
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Flowermound, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75028 | $6,586 | $7,213 | $7,678 | $7,927 | $8,165 |
Source: Ownwell
$1,148
Average Flowermound 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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