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Boyd, Parker County, Texas Property Taxes

  • Median Boyd, TX effective property tax rate: 1.16%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Boyd, TX home value: $397,640

  • Median annual Boyd, TX tax bill: $4,959, $2,559 higher than the national median property tax bill of $2,400.

How are property taxes in Parker County calculated?

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

Last Updated March 1, 2025

Boyd, Parker County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.16%

Estimate Property Tax Bill

$4,613

$4,280

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s BOYD Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in BOYD with just two data points. By entering your property's estimated assessed value, our calculator applies BOYD’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 Parker. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Boyd, Parker 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 Boyd, located in Wise County, Texas, the effective property tax rate stands at 1.16%. This rate is slightly above the national median of 1.02%, reflecting the unique budgetary needs and property values within the county. Compared to the state median tax rate of 1.16%, Boyd aligns closely with Texas's overall property tax landscape. Understanding these rates is crucial for property owners aiming to manage their tax liabilities effectively. While the national median property tax bill is $2,400, local variations like those in Boyd highlight the importance of consulting with property tax professionals to explore potential savings and ensure accurate assessments.

Property Tax Rates Across Boyd, Parker County, Texas

Source: Ownwell

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1.16%

1.48%

1.79%

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 Boyd Tax Rate

1.16%

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 Parker County Tax Rate

1.54%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Boyd, Parker County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
760230.65%1.02%1.16%1.44%1.44%

Source: Ownwell

Property Tax Assessment Values Across Boyd, Parker County, Texas

When examining property taxes in Boyd, Texas, 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 Parker 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.

Assessment notices: In Parker County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Boyd.

For example, the median home price in Boyd is $397,640, with tax bills ranging significantly across the county. Zip code 76023 has the highest median home price at $397,640.

Property Tax Assessment Values Across Boyd, Parker County, Texas

Source: Ownwell

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$82,440

$340,315

$598,190

Median Boyd Market Value

$397,640

Median Parker County Market Value

$335,640

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Boyd, Parker County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76023$135,536$212,620$397,640$528,920$569,526

Source: Ownwell

Property Tax Bills Across Boyd, Parker County, Texas

In Boyd, located in Parker County, TX, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined based on the market value of the property. Homeowners in Boyd face a median property tax bill of $4,959, which is significantly higher than the national median of $2,400. Factors such as the property's location, size, and improvements can influence the assessed value, impacting the final tax bill. With tax bills ranging from $2,324 at the 25th percentile to $7,016 at the 90th percentile, homeowners can experience a wide variance in their obligations.

Ownwell assists homeowners by providing property tax appeal and exemption services, potentially reducing their tax burden. By analyzing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell can help ensure that homeowners are not overpaying on their property taxes. This service can lead to substantial savings, making it a valuable resource for Boyd residents looking to manage their property tax expenses effectively.

Property Tax Bills Across Boyd, Parker County, Texas

Source: Ownwell

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$867

$5,292

$9,716

Median Boyd Tax Bill

$4,959

Median Parker County Tax Bill

$4,986

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Boyd, Parker County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76023$1,239$2,324$4,959$5,913$7,016

Source: Ownwell

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