Flowermound, Denton County, Texas Property Taxes

Local government entities set property tax rates, which can vary significantly even within a single state. This variability is because each county annually estimates the budget required to provide essential services and divides that by the total value of all taxable property within its borders. This calculation determines the property tax rate. Although there are votes and laws that influence tax rates and budgets, this is the fundamental process followed each year.

In Flower Mound, located in Denton County, Texas, the property tax rate reflects this annual process. Comparing Flower Mound’s effective property tax rate to other cities in Texas and the national median provides valuable insight. The median property tax rate in Texas is 1.41%, which is higher than the national median of 1.02%. This means that property owners in Flower Mound may face higher property tax bills compared to the national average, with the national median property tax bill being $2,400. Understanding these rates can help property owners make informed decisions and explore potential savings through property tax appeals or exemptions.

In Flower Mound, Denton County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the local tax rate to establish the annual property tax bill. With a median home price of $556,530, homeowners in Flower Mound face a median property tax rate higher than the national median of 1.02%. This results in a typical tax bill ranging from $6,798 at the 25th percentile to $7,036 at the 90th percentile, significantly above the national median property tax bill of $2,400. These costs can place a substantial financial burden on homeowners.

Ownwell helps alleviate this burden by offering expert property tax appeal and exemption services. By analyzing property valuations and identifying potential discrepancies, Ownwell assists homeowners in securing fair assessments and reducing their tax liabilities. This service not only ensures that homeowners pay only their fair share but also provides peace of mind in managing annual property expenses.