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Grand Prairie, Tarrant County, Texas Property Taxes

  • Median Grand Prairie, TX effective property tax rate: 1.86%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Grand Prairie, TX home value: $378,036

  • Median annual Grand Prairie, TX tax bill: $6,870, $4,470 higher than the national median property tax bill of $2,400.

How are property taxes in Tarrant County calculated?

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

Last Updated March 1, 2025

Grand Prairie, Tarrant County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.86%

Estimate Property Tax Bill

$7,031

$6,525

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Property Tax Rates Across Grand Prairie, Tarrant County, Texas

Local government entities in Texas are responsible for setting property tax rates, which can vary significantly across the state. This variation is due to each county's need to estimate its annual budget for providing services and dividing it by the total value of all taxable property in its jurisdiction. This process determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the basic process each year.

In Grand Prairie, located in Tarrant County, the effective property tax rate is a reflection of this annual budgeting process. When you compare Grand Prairie's rate to other cities in Texas, you'll notice differences influenced by local budgetary needs and property values. Tarrant County's rates show variation, with the highest median tax rate reaching 1.94% in the 75054 zip code and the lowest median at 1.80% in the 75051 zip code. These rates are notably higher than both the Texas median property tax rate and the national median of 1.02%. Understanding these differences can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Grand Prairie, Tarrant County, Texas

Source: Ownwell

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1.20%

1.67%

2.14%

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 Grand Prairie Tax Rate

1.86%

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 Tarrant County Tax Rate

1.70%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Grand Prairie, Tarrant County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
750500.90%1.39%1.85%2.08%2.26%
750510.46%1.53%1.80%2.14%2.40%
750521.06%1.61%1.82%2.04%2.25%
750541.34%1.77%1.94%2.09%2.31%

Source: Ownwell

Property Tax Assessment Values Across Grand Prairie, Tarrant County, Texas

When examining property taxes in Grand Prairie, 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 Tarrant 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 Tarrant 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 Grand Prairie. For example, the median home price in Grand Prairie is $378,036, with tax bills ranging significantly across the county. Zip code 75054 has the highest median home price at $507,937.

Property Tax Assessment Values Across Grand Prairie, Tarrant County, Texas

Source: Ownwell

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$28,296

$1,531,770

$3,035,243

Median Grand Prairie Market Value

$378,036

Median Tarrant County Market Value

$306,713

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Grand Prairie, Tarrant County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75050$155,038$230,408$325,297$395,180$469,973
75051$150,000$184,662$239,345$316,472$366,079
75052$264,325$306,102$349,732$405,859$477,986
75054$372,939$424,748$507,937$607,060$690,183

Source: Ownwell

Property Tax Bills Across Grand Prairie, Tarrant County, Texas

Property tax bills in Grand Prairie, located in Tarrant County, TX, are determined by the assessed value of a home and the local tax rate. The median home price in this area is $378,036, contributing to tax bills that can range significantly. For instance, the 25th percentile tax bill is $5,229, while the 75th percentile reaches $8,881, and the 90th percentile climbs to $11,126. The highest median tax bill in the region is found in the 75054 zip code at $9,593, while the lowest is in the 75051 zip code at $4,364. These figures surpass the national median property tax bill of $2,400, highlighting the burden on homeowners. Factors such as the local government’s budget needs and the assessed home value heavily influence these taxes. Homeowners in Grand Prairie can benefit from Ownwell’s expertise in property tax appeals and exemptions, potentially reducing their tax burden. By leveraging local market insights and understanding assessment nuances, Ownwell can help homeowners achieve significant savings on their property tax bills.

Property Tax Bills Across Grand Prairie, Tarrant County, Texas

Source: Ownwell

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$1,576

$19,335

$37,093

Median Grand Prairie Tax Bill

$6,870

Median Tarrant County Tax Bill

$5,114

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Grand Prairie, Tarrant County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75050$1,987$3,272$5,332$7,611$9,221
75051$243$2,704$4,364$5,865$6,739
75052$3,467$5,137$6,376$7,536$8,934
75054$5,653$7,876$9,593$11,541$13,337

Source: Ownwell

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