Irving, Texas Property Taxes
The median property tax rate in Irving, TX is 2.13%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Irving, the typical annual property tax bill reaches $7,074, exceeding the national median of $2,690. Property taxes in Irving 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 Irving'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 Irving 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
Irving, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.13%
Estimate Property Tax Bill
$7,087
$6,557
$1,148
Average Irving, Texas Tax Savings
Ownwell’s Irving Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Irving with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Irving 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 Irving. 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 Irving, Texas
Property taxes in Irving, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Irving is 2.13%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Irving set these rates annually, and they can vary significantly across different neighborhoods. Each year, Irving 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 Irving's effective property tax rate to other counties in Texas and the national median. For comparison, the 75062 zip code has the highest median property tax rate of 2.13%, while the same zip code also has the lowest median tax rate of 2.13%. Understanding how these cities compare with Irving 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 Irving Tax Rate
2.13%
Average Tarrant County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Irving, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75062 | 2.13% | 2.13% | 2.13% | 2.13% | 2.13% |
Source: Ownwell
$1,148
Average Irving Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Irving, Texas
In Irving, 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 Irving, 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. In Irving, the highest and lowest median tax bills are both $7,074, found in the 75062 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Irving Assessed Value
$332,708
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 Irving, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75062 | $332,708 | $332,708 | $332,708 | $332,708 | $332,708 |
Source: Ownwell
$1,148
Average Irving Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Irving, Texas
In Irving, located in Tarrant County, TX, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county appraisal district, which considers factors such as market value, property condition, and comparable sales in the area. With a median home price of $332,708, homeowners in Irving face a significant tax burden, with median tax bills reaching $7,074. This is notably higher than the national median property tax rate of 0.99%. High property tax bills can place a substantial financial strain on homeowners. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their properties are accurately assessed, potentially lowering their tax bills. Our team of professionals navigates the complexities of the tax appeal process, making it easier for homeowners to achieve significant savings. Trust Ownwell to advocate on your behalf and reduce your property tax burden effectively.
Average Irving Tax Bill
$7,074
Average Tarrant County Tax Bill
$5,114
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Irving, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75062 | $7,074 | $7,074 | $7,074 | $7,074 | $7,074 |
Source: Ownwell
$1,148
Average Irving 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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