Haltom City, Texas Property Taxes
The median property tax rate in Haltom City, TX is 1.62%, which is considerably higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With the median home value in Haltom City at $218,402, the typical annual property tax bill reaches $3,356, surpassing the national median of $2,690. Property taxes in Haltom City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Haltom City'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 Haltom City 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
Haltom City, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$3,538
$3,274
$1,148
Average Haltom City, Texas Tax Savings
Ownwell’s Haltom City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Haltom City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haltom City 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 Haltom City. 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 Haltom City, Texas
Property taxes in Haltom City, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Haltom City is 1.62%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Haltom City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Haltom City 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 Haltom City's effective property tax rate to other counties in Texas and the national median. For comparison, the 76148 zip code has the highest median property tax rate of 1.72%, while the 76117 zip code has the lowest median tax rate of 1.55%. Understanding how these cities compare with Haltom City 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 Haltom City Tax Rate
1.62%
Average Tarrant County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Haltom City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76111 | 0.48% | 1.00% | 1.60% | 1.87% | 1.96% |
| 76117 | 0.43% | 0.96% | 1.55% | 1.96% | 2.19% |
| 76137 | 0.89% | 1.42% | 1.68% | 2.03% | 2.55% |
| 76148 | 0.60% | 1.25% | 1.72% | 2.06% | 2.20% |
| 76180 | 0.80% | 1.04% | 1.69% | 1.75% | 1.83% |
Source: Ownwell
$1,148
Average Haltom City Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Haltom City, Texas
In Haltom City, 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. 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 Haltom City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the region is $4,665 in the 76180 zip code, while the lowest is $2,498 in the 76111 zip code.
Average Haltom City Assessed Value
$218,402
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 Haltom City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76111 | $94,401 | $155,030 | $190,251 | $218,962 | $237,160 |
| 76117 | $122,015 | $179,738 | $210,000 | $243,504 | $285,563 |
| 76137 | $5,890 | $24,490 | $312,114 | $382,954 | $417,410 |
| 76148 | $188,406 | $218,142 | $241,334 | $260,605 | $291,592 |
| 76180 | $269,480 | $277,483 | $285,956 | $318,057 | $363,864 |
Source: Ownwell
$1,148
Average Haltom City Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Haltom City, Texas
In Haltom City, located in Tarrant County, TX, 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 $218,402, and the property tax rate can significantly impact your annual tax bill. Factors such as the property's assessed value, local tax rates, and any applicable exemptions determine the final amount owed. For instance, homeowners in the 25th percentile can expect to pay around $1,783, while those in the 75th percentile might see bills as high as $4,515. The highest median tax bill in the region is $4,665 in the 76180 zip code, whereas the lowest is $2,498 in the 76111 zip code. Ownwell assists homeowners in reducing their property tax bills by offering expert property tax appeal and exemption services. By analyzing your property's assessed value and identifying potential discrepancies, Ownwell can help ensure you're not overpaying. This can lead to substantial savings, making homeownership more affordable and less financially burdensome.
Average Haltom City Tax Bill
$3,356
Average Tarrant County Tax Bill
$5,114
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Haltom City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76111 | $689 | $1,480 | $2,498 | $3,579 | $4,153 |
| 76117 | $726 | $1,762 | $3,156 | $4,203 | $5,181 |
| 76137 | $124 | $700 | $4,618 | $6,170 | $7,087 |
| 76148 | $1,371 | $2,916 | $3,925 | $4,969 | $5,551 |
| 76180 | $2,366 | $3,024 | $4,665 | $5,091 | $5,889 |
Source: Ownwell
$1,148
Average Haltom City 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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