Ft Worth, Texas Property Taxes
The median property tax rate in FT WORTH, TX is 1.95%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in FT WORTH at $556,000, the typical annual property tax bill reaches $10,854, significantly exceeding the national median of $2,690. Property taxes in FT WORTH 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 FT 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 FT 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
Ft Worth, 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 Ft Worth, Texas Tax Savings
Ownwell’s FT WORTH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FT WORTH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FT WORTH 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 FT WORTH. 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 Ft Worth, Texas
Property taxes in Fort Worth, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Worth is 1.95%, significantly 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 zip code 76252 has the highest median property tax rate of 1.95%, while the same zip code also has the lowest median tax rate of 1.95%. Understanding how these cities compare with Fort Worth 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 Ft Worth Tax Rate
1.95%
Average Denton County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ft Worth, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76252 | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% |
Source: Ownwell
$1,148
Average Ft Worth Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Ft Worth, Texas
In FT 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 FT 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. Being aware of these valuation processes in FT WORTH helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 76252, with a tax bill of $10,854.00, which is also the lowest median tax bill in the area.
Average Ft Worth Assessed Value
$556,000
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 Ft Worth, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76252 | $556,000 | $556,000 | $556,000 | $556,000 | $556,000 |
Source: Ownwell
$1,148
Average Ft Worth Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Ft Worth, Texas
In Fort Worth, property tax bills are calculated based on the assessed value of the property, which is determined by the Denton County Appraisal District. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $556,000, homeowners in Fort Worth can expect to pay a significant amount in property taxes. For instance, the median tax bill is $10,854, which is substantially higher than the national median property tax rate of 0.99%. Several factors influence the assessed value, including the property's market value, improvements, and location. High property taxes can place a financial burden on homeowners, making it essential to explore ways to reduce these expenses. This is where Ownwell comes in. By leveraging their expertise in property tax appeals and exemptions, Ownwell helps homeowners challenge their assessed values, potentially lowering their tax bills. Their services can lead to substantial savings, providing much-needed relief for property owners in Fort Worth.
Average Ft Worth Tax Bill
$10,854
Average Denton County Tax Bill
$7,425
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ft Worth, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76252 | $10,854 | $10,854 | $10,854 | $10,854 | $10,854 |
Source: Ownwell
$1,148
Average Ft 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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