Ft Worth, Texas Property Taxes
The median property tax rate in FT WORTH, TX is 1.76%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in FT WORTH at $414,860, the typical annual property tax bill reaches $6,976, exceeding the national median of $2,690. Property taxes in FT WORTH are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding FT WORTH's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of FT WORTH or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ft Worth, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.76%
Estimate Property Tax Bill
$7,302
$6,756
$1,148
Average Ft Worth, Texas Tax Savings
Ownwell’s FT WORTH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FT WORTH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FT WORTH to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in FT WORTH. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ft Worth, Texas
Property taxes in FT WORTH, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in FT WORTH is 1.76%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within FT WORTH set these rates annually, and they can vary significantly across different neighborhoods. Each year, FT WORTH estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares FT WORTH's effective property tax rate to other counties in Texas and the national median. For comparison, the 76244 zip code has the highest median property tax rate of 1.76%, while the 76244 zip code also has the lowest median tax rate of 1.76%. Understanding how these cities compare with FT WORTH provides valuable insights into the varying tax landscape across Tarrant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ft Worth Tax Rate
1.76%
Average Tarrant County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ft Worth, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76244 | 1.34% | 1.59% | 1.76% | 1.78% | 2.22% |
Source: Ownwell
$1,148
Average Ft Worth Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Ft Worth, Texas
In FT WORTH, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Tarrant County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In FT WORTH, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in FT WORTH helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in FT WORTH is $414,860, with the 25th percentile tax bill at $5,958 and the 75th percentile tax bill at $8,148. The highest median tax bill of $6,976 is found in the 76244 zip code.
Average Ft Worth Assessed Value
$414,860
Average Tarrant County Assessed Value
$306,713
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ft Worth, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76244 | $363,755 | $380,390 | $414,860 | $439,543 | $463,475 |
Source: Ownwell
$1,148
Average Ft Worth Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Ft Worth, Texas
In Fort Worth, Tarrant County, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in the area is $414,860, and the local tax rate is higher than the national median property tax rate of 0.99%. This results in substantial tax bills, with the 25th percentile at $5,958 and the 75th percentile at $8,148. Factors like property location, improvements, and market trends significantly influence the assessed value, directly impacting the tax bill. Homeowners in Fort Worth can see tax bills as high as $9,670 in the 90th percentile, making it essential to manage property taxes effectively. Ownwell can help by providing expert property tax appeal and exemption services, ensuring that your property's assessed value is fair and accurate. By leveraging local market insights and comprehensive analysis, Ownwell can potentially reduce your tax bill, offering significant savings and peace of mind for homeowners.
Average Ft Worth Tax Bill
$6,976
Average Tarrant County Tax Bill
$5,114
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ft Worth, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76244 | $4,949 | $5,958 | $6,976 | $8,148 | $9,670 |
Source: Ownwell
$1,148
Average Ft Worth Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 24 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Tarrant Appraisal District | |
| Phone | (817) 284-0024 |
| Website | www.tad.org |
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