Grapevine, Texas Property Taxes
The median property tax rate in Grapevine, TX is 1.41%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Grapevine at $490,934, the typical annual property tax bill reaches $6,637, exceeding the national median of $2,690. Property taxes in Grapevine 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 Grapevine'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 Grapevine 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
Grapevine, 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 Grapevine, Texas Tax Savings
Ownwell’s Grapevine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grapevine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grapevine 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 Grapevine. 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 Grapevine, Texas
Property taxes in Grapevine, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grapevine is 1.41%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Grapevine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grapevine 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 Grapevine's effective property tax rate to other counties in Texas and the national median. For comparison, the 76051 zip code has the highest median property tax rate of 1.41%, while the same zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Grapevine 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 Grapevine Tax Rate
1.41%
Average Tarrant County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grapevine, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76051 | 0.81% | 1.19% | 1.41% | 1.58% | 1.76% |
Source: Ownwell
$1,148
Average Grapevine Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Grapevine, Texas
In Grapevine, 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 Grapevine, 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 Grapevine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Grapevine are both $6,637, found in the zip code 76051.
Average Grapevine Assessed Value
$490,934
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 Grapevine, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76051 | $289,216 | $395,000 | $490,934 | $597,050 | $709,282 |
Source: Ownwell
$1,148
Average Grapevine Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Grapevine, Texas
In Grapevine, Tarrant County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county appraisal district and is a percentage of the market value of the property. With a median home price of $490,934, homeowners can expect a significant tax bill. The tax bill is influenced by various factors including the property's location, improvements, and market trends. For instance, the 25th percentile tax bill is $4,854, while the 75th percentile reaches $8,343, and the 90th percentile goes up to $10,118. High property taxes can be a financial burden for homeowners, but Ownwell can help reduce this burden. By providing expert property tax appeal and exemption services, Ownwell ensures that homeowners only pay their fair share. Our team reviews your property's assessed value, identifies discrepancies, and files appeals on your behalf. This proactive approach can lead to substantial savings, making homeownership more affordable in Grapevine.
Average Grapevine Tax Bill
$6,637
Average Tarrant County Tax Bill
$5,114
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Grapevine, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76051 | $2,739 | $4,854 | $6,637 | $8,343 | $10,118 |
Source: Ownwell
$1,148
Average Grapevine 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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