Willow Park, Parker County, Texas Property Taxes
Median Willow Park, TX effective property tax rate: 1.74%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Willow Park, TX home value: $392,630
Median annual Willow Park, TX tax bill: $6,974, $4,574 higher than the national median property tax bill of $2,400.
How are property taxes in Parker County calculated?
Property taxes in Willow Park, 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 Willow Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Willow Park, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Willow Park, Parker County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.74%
Estimate Property Tax Bill
$6,832
$6,340
$1,102
Average Tax Savings
Property Tax Rates Across Willow Park, Parker County, Texas
Local government entities in Texas determine property tax rates, which can vary significantly across the state. Each year, Parker County, like other counties, calculates its budgetary needs for public services and divides this by the total assessed value of all taxable properties in its area, resulting in the property tax rate. Although votes and legislation influence these rates and budgets, this is essentially the annual process.
Comparing Willow Park’s effective property tax rate to other cities in Texas, the median property tax rate in Parker County stands at 1.74%. This is notably higher than the national median property tax rate of 1.02%. Within Parker County, the highest median tax rate is 1.79% in the 76008 ZIP code, while the lowest is 1.72% in the 76087 ZIP code. These variations highlight the diverse property tax landscape within the state. Understanding these differences can help property owners make informed decisions about property investments and tax appeals.
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 Willow Park Tax Rate
1.74%
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 Willow Park, Parker County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76008 | 0.91% | 1.63% | 1.79% | 2.08% | 2.19% |
| 76087 | 1.45% | 1.59% | 1.72% | 2.02% | 2.19% |
Source: Ownwell
$1,102
Average Willow Park Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Willow Park, Parker County, Texas
When examining property taxes in Willow Park, 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 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.
In Parker 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 Willow Park.
For example, the median home price in Willow Park is $392,630, with tax bills ranging significantly across the county. Zip code 76087 has the highest median home price at $411,155.
Property Tax Assessment Values Across Willow Park, Parker County, Texas
Source: Ownwell
$82,440
$340,315
$598,190
Median Willow Park Market Value
$392,630
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 Willow Park, Parker County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76008 | $74,601 | $155,658 | $356,750 | $394,975 | $419,481 |
| 76087 | $303,510 | $357,555 | $411,155 | $472,028 | $561,318 |
Source: Ownwell
$1,102
Average Willow Park Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Willow Park, Parker County, Texas
In Willow Park, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The tax rate, applied to this assessed value, varies across different taxing entities, including school districts and municipal authorities. For homeowners in Parker County, the median property tax bill can range significantly, with the 25th percentile at $5,457 and the 75th percentile reaching $8,325. The highest median tax bill in the area is $7,236, notably higher than the national median of $2,400, reflecting the region's higher home values. This can place a substantial financial burden on homeowners.
Ownwell offers a solution by providing professional property tax appeal services. By analyzing the assessed value of your home and comparing it to similar properties, Ownwell can identify potential over-assessments. This proactive approach can lead to significant savings, reducing your annual tax bill and ensuring you only pay your fair share. With Ownwell's expertise, homeowners can navigate the complexities of property tax assessments with confidence.
Median Willow Park Tax Bill
$6,974
Median Parker County Tax Bill
$4,986
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Willow Park, Parker County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76008 | $1,010 | $1,880 | $6,023 | $7,620 | $8,643 |
| 76087 | $5,114 | $5,892 | $7,236 | $8,631 | $10,329 |
Source: Ownwell
$1,102
Average Willow Park 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 | January 31 |
Links | |
|---|---|
| Parker Appraisal District | |
| Website | iswdataclient.azurewebsites.net |
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