Fort Worth, Texas Property Taxes
The median property tax rate in Fort Worth, 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 Fort Worth at $415,850, the typical annual property tax bill reaches $7,370, exceeding the national median of $2,690. Property taxes in Fort Worth are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fort Worth'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 Fort Worth 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
Fort Worth, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$7,111
$6,579
$1,148
Average Fort Worth, Texas Tax Savings
Ownwell’s Fort Worth Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fort Worth with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Fort Worth to provide an estimate of your property tax bill. This valuable tool not only helps you understand your potential tax liabilities but also showcases how Ownwell can assist in reducing property taxes in Fort Worth. If you’re curious about trends at a neighborhood level, scroll down to find more localized information. Your property’s assessed value is determined by the county for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Fort Worth, Texas
Property taxes in Fort Worth, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Worth is 1.71%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Fort Worth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Worth 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 Fort Worth's effective property tax rate to other counties in Texas and the national median. For comparison, the 76177 zip code has the highest median property tax rate of 1.71%, while the 76177 zip code has the lowest median tax rate of 1.71%. Understanding how these cities compare with Fort Worth 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 Fort Worth Tax Rate
1.71%
Average Denton County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Worth, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76052 | N/A | N/A | N/A | N/A | N/A |
| 76177 | 1.59% | 1.62% | 1.71% | 1.95% | 1.95% |
| 76247 | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% |
Source: Ownwell
$1,148
Average Fort Worth Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Fort Worth, Texas
In Fort Worth, 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 Fort Worth, 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. For instance, the highest median tax bill in Fort Worth is $7,372 in the 76177 zip code, while the lowest is $505 in the 76247 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fort Worth Assessed Value
$415,850
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 Fort Worth, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76052 | N/A | N/A | N/A | N/A | N/A |
| 76177 | $350,173 | $382,836 | $415,786 | $466,237 | $506,091 |
| 76247 | $249,235 | $249,235 | $249,235 | $249,235 | $249,235 |
Source: Ownwell
$1,148
Average Fort Worth Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Fort Worth, Texas
Property tax bills in Fort Worth, Denton 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 considers factors such as market value, property condition, and comparable sales in the area. With a median home price of $415,850, homeowners in Fort Worth face varying tax bills. For example, the 25th percentile tax bill is $6,523, while the 75th percentile reaches $8,225, and the 90th percentile can go up to $9,212. The highest median tax bill is $7,372 in the 76177 zip code, whereas the lowest is $505 in 76247. Homeowners often struggle to manage these costs, but Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell can assist homeowners in reducing their assessed values and ultimately lowering their tax bills. This service can lead to significant savings, making homeownership more affordable and less financially burdensome.
Average Fort Worth Tax Bill
$7,370
Average Denton County Tax Bill
$7,425
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Worth, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76052 | N/A | N/A | N/A | N/A | N/A |
| 76177 | $5,905 | $6,524 | $7,372 | $8,224 | $9,213 |
| 76247 | $505 | $505 | $505 | $505 | $505 |
Source: Ownwell
$1,148
Average Fort Worth 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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