Addison, Texas Property Taxes
The median property tax rate in Addison, TX is 1.61%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Addison, the typical annual property tax bill reaches $6,723, exceeding the national median of $2,690. Property taxes in Addison 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 Addison'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 Addison 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
Addison, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$6,809
$6,318
$1,148
Average Tax Savings
Ownwell’s Addison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Addison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Addison 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 Addison. 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 Addison, Texas
Property taxes in Addison, Texas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Addison is 1.61%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Addison set these rates annually, and they can vary significantly across different neighborhoods. Each year, Addison 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 Addison's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 75001 has the highest median property tax rate of 1.61%, while the same zip code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with Addison provides valuable insights into the varying tax landscape across Dallas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Addison Tax Rate
1.61%
Average Dallas County Tax Rate
1.71%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Addison, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75001 | 0.95% | 1.28% | 1.61% | 1.92% | 2.37% |
Source: Ownwell
$1,148
Average Addison Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Addison, Texas
In Addison, 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 Dallas 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. Assessment notices in Addison 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 Addison helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 75001 has the highest and lowest median tax bills at $6,723.
Average Addison Assessed Value
$422,910
Average Dallas County Assessed Value
$276,620
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Addison, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75001 | $205,950 | $340,430 | $422,910 | $502,312 | $570,104 |
Source: Ownwell
$1,148
Average Addison Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Addison, Texas
In Addison, Dallas County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The assessed value is then multiplied by the local property tax rate. For instance, with a median home price of $422,910, homeowners in Addison can expect varying tax bills, with the 25th percentile at $4,804 and the 75th percentile at $8,159. The highest median tax bill in the area is $6,723, found in the 75001 zip code. Factors influencing the tax bill include property size, location, and improvements. High property taxes can significantly impact homeowners' finances, making it crucial to ensure the assessed value is accurate. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By challenging over-assessments and identifying eligible exemptions, Ownwell helps reduce tax liabilities, ensuring homeowners pay only their fair share. This can lead to substantial savings, particularly in areas with high property tax rates.
Average Addison Tax Bill
$6,723
Average Dallas County Tax Bill
$4,794
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Addison, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75001 | $3,326 | $4,804 | $6,723 | $8,159 | $9,600 |
Source: Ownwell
$1,148
Average Addison 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 | |
|---|---|
| Dallas Appraisal District | |
| Phone | (214) 631-0910 |
| Website | www.dallascad.org |
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