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Forney, Rockwall County, Texas Property Taxes

  • Median Forney, TX effective property tax rate: 1.46%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Forney, TX home value: $652,656

  • Median annual Forney, TX tax bill: $8,892, $6,492 higher than the national median property tax bill of $2,400.

How are property taxes in Rockwall County calculated?

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

Last Updated March 1, 2025

Forney, Rockwall County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.46%

Estimate Property Tax Bill

$9,529

$8,842

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Property Tax Rates Across Forney, Rockwall 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 Forney, located in Rockwall County, the effective property tax rate stands at 1.46%. This rate is higher than the national median of 1.02%, reflecting the county's specific budgetary needs and property values. Across Texas, property tax rates can differ significantly from one city to another, influenced by local budget requirements and the assessed value of properties.

Comparing Forney's rate to other cities in Texas and the U.S. median provides valuable context for property owners. Understanding these differences is crucial for homeowners seeking to manage their property tax liabilities effectively. By staying informed about local tax rates, property owners can make more strategic decisions regarding appeals and exemptions.

Property Tax Rates Across Forney, Rockwall County, Texas

Source: Ownwell

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1.11%

1.81%

2.50%

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 Forney Tax Rate

1.46%

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 Rockwall County Tax Rate

1.49%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Forney, Rockwall County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
751261.21%1.26%1.46%1.57%1.57%

Source: Ownwell

Property Tax Assessment Values Across Forney, Rockwall County, Texas

When examining property taxes in Forney, 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 Rockwall 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 Rockwall 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 Forney. For example, the median home price in Forney is $652,656, with tax bills ranging significantly across the county. Zip code 75126 has the highest median home price at $652,656.

Property Tax Assessment Values Across Forney, Rockwall County, Texas

Source: Ownwell

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$329,186

$607,421

$885,655

Median Forney Market Value

$652,656

Median Rockwall County Market Value

$416,497

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Forney, Rockwall County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75126$453,214$498,979$652,656$770,690$1,024,790

Source: Ownwell

Property Tax Bills Across Forney, Rockwall County, Texas

In Forney, located in Rockwall County, TX, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this value to determine the annual tax bill. With a median home price of $652,656, homeowners in Forney face property tax bills that can be significantly higher than the national median of $2,400. For instance, the median tax bill in Forney is $8,892, far exceeding the national average. Factors such as the property's location, improvements, and market conditions can influence its assessed value, impacting the total tax bill. High property taxes can place a substantial financial burden on homeowners, potentially affecting their ability to maintain their homes or invest in other areas. Ownwell offers a solution by providing property tax appeal services, helping homeowners challenge their assessments and potentially lower their tax bills. By leveraging expertise in local tax laws and market trends, Ownwell can assist homeowners in achieving significant savings on their property taxes.

Property Tax Bills Across Forney, Rockwall County, Texas

Source: Ownwell

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$3,956

$8,272

$12,588

Median Forney Tax Bill

$8,892

Median Rockwall County Tax Bill

$6,357

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Forney, Rockwall County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75126$5,940$7,354$8,892$10,969$13,388

Source: Ownwell

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