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Ferris, Dallas County, Texas Property Taxes

  • Median Ferris, TX effective property tax rate: 2.11%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Ferris, TX home value: $73,005

  • Median annual Ferris, TX tax bill: $284, $2,116 lower than the national median property tax bill of $2,400.

How are property taxes in Dallas County calculated?

Property taxes in Ferris, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Ferris’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ferris, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Ferris, Dallas County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.11%

Estimate Property Tax Bill

$1,540

$1,429

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Ferris Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ferris with just two data points. By entering your property's estimated assessed value, our calculator applies Ferris’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Dallas County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ferris, Dallas County, Texas

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Ferris, located in Dallas County, Texas, the effective property tax rate stands at 2.11%. This is notably higher than the national median property tax rate of 1.02%. The median property tax rate in Texas is also lower than the rate in Ferris, emphasizing the variability within the state. The tax rate in Ferris is consistent with the highest and lowest median rates within its own zip code, 75125, indicating a uniformity in property tax assessments in that area.

Comparing Ferris's rate to the national median property tax bill of $2400, property owners might find themselves paying significantly more in taxes, depending on their property's assessed value. Understanding these rates can help property owners anticipate their annual tax responsibilities and explore potential appeals or exemptions.

Property Tax Rates Across Ferris, Dallas County, Texas

Source: Ownwell

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1.21%

1.72%

2.24%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Ferris Tax Rate

2.11%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Dallas County Tax Rate

1.74%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ferris, Dallas County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
751252.11%2.11%2.11%2.11%2.11%

Source: Ownwell

Property Tax Assessment Values Across Ferris, Dallas County, Texas

When examining property taxes in Ferris, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Dallas County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Dallas County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Ferris.

For example, the median home price in Ferris is $73,005, with tax bills ranging significantly across the county. Zip code 75125 has the highest median home price at $73,005.

Property Tax Assessment Values Across Ferris, Dallas County, Texas

Source: Ownwell

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$73,005

$1,032,585

$1,992,165

Median Ferris Market Value

$73,005

Median Dallas County Market Value

$309,600

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ferris, Dallas County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75125$15,664$28,965$73,005$207,505$342,217

Source: Ownwell

Property Tax Bills Across Ferris, Dallas County, Texas

In Ferris, Dallas County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the home's market value, which is influenced by factors such as location, size, and condition. The local tax rate is set by various taxing authorities, including school districts and municipalities. Homeowners in Ferris experience property tax bills ranging from the 25th percentile at $206 to the 90th percentile at $1,022. The median tax bill in the area is $284, significantly lower than the national median of $2,400. This can be advantageous for homeowners, but it also means that any increase in assessed values or tax rates could have a noticeable impact on their finances. Ownwell helps homeowners reduce their property tax bills by providing expert guidance on filing appeals and applying for exemptions. With a deep understanding of local tax codes and valuation practices, Ownwell can assist homeowners in potentially lowering their tax burdens, ensuring they pay only their fair share.

Property Tax Bills Across Ferris, Dallas County, Texas

Source: Ownwell

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$284

$11,488

$22,692

Median Ferris Tax Bill

$284

Median Dallas County Tax Bill

$5,040

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Ferris, Dallas County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75125$48$206$284$782$1,022

Source: Ownwell

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