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Lake Worth, Tarrant County, Texas Property Taxes

  • Median Lake Worth, TX effective property tax rate: 1.48%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Lake Worth, TX home value: $260,455

  • Median annual Lake Worth, TX tax bill: $3,802, $1,402 higher than the national median property tax bill of $2,400.

How are property taxes in Tarrant calculated?

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

Last Updated March 1, 2025

Lake Worth, Tarrant County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.48%

Estimate Property Tax Bill

$3,855

$3,577

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Lake Worth Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Worth with just two data points. By entering your property's estimated assessed value, our calculator applies Lake Worth’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 Lake Worth, Tarrant County, Texas

Local government entities in Texas set property tax rates, which can vary widely within the state. Annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines 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 Lake Worth, located in Tarrant County, the effective property tax rate is 1.48%. This rate is higher than the national median property tax rate of 1.02%. When compared to other cities in Texas, Lake Worth's rate is on the higher side, reflecting the county's budgetary needs. The median property tax rate in Texas is lower than Lake Worth's, indicating that residents in this area contribute a significant portion of their property's assessed value towards taxes. Understanding these rates can help property owners in Lake Worth make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Lake Worth, 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 Lake Worth Tax Rate

1.48%

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 Lake Worth, Tarrant County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
761350.31%0.82%1.48%1.99%2.41%

Source: Ownwell

Property Tax Assessment Values Across Lake Worth, Tarrant County, Texas

When examining property taxes in Lake Worth, 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.

In Tarrant 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 Lake Worth. For example, the median home price in Lake Worth is $260,455, with tax bills ranging significantly across the county. ZIP code 76135 has the highest median home price at $260,455.

Property Tax Assessment Values Across Lake Worth, Tarrant County, Texas

Source: Ownwell

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$28,296

$1,531,770

$3,035,243

Median Lake Worth Market Value

$260,455

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 Lake Worth, Tarrant County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76135$140,557$177,056$260,455$323,591$375,858

Source: Ownwell

Property Tax Bills Across Lake Worth, Tarrant County, Texas

In Lake Worth, located in Tarrant County, TX, property tax bills are calculated based on the assessed value of the home, not its market value. The assessed value is determined by the local tax assessor and takes into account factors such as the property's size, location, and condition. Homeowners in Lake Worth face varying property tax bills, with the 25th percentile paying around $1,878 and the 75th percentile facing bills up to $5,068. This range highlights the variability in tax burdens across the area. The median tax bill in the region is notably higher than the national median of $2,400, reflecting the local tax rate and property values.

For homeowners looking to reduce their property tax bills, Ownwell offers valuable assistance. By providing expert property tax appeal and exemption services, Ownwell helps ensure that homeowners are not overpaying on their taxes. Through a thorough review of property assessments and leveraging local tax laws, Ownwell can identify opportunities for savings, potentially lowering the financial burden on homeowners in Lake Worth.

Property Tax Bills Across Lake Worth, Tarrant County, Texas

Source: Ownwell

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$1,576

$19,335

$37,093

Median Lake Worth Tax Bill

$3,802

Median Tarrant County Tax Bill

$5,114

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Worth, Tarrant County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76135$490$1,878$3,802$5,068$6,959

Source: Ownwell

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