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Newark, Tarrant County, Texas Property Taxes

  • Median Newark, TX effective property tax rate: 1.47%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Newark, TX home value: $552,379

  • Median annual Newark, TX tax bill: $7,641, $5,241 higher than the national median property tax bill of $2,400.

How are property taxes in Tarrant calculated?

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

Last Updated March 1, 2025

Newark, Tarrant County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.47%

Estimate Property Tax Bill

$8,120

$7,535

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Newark Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Newark with just two data points.

By entering your property's estimated assessed value, our calculator applies Newark’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 Newark, Tarrant County, Texas

Local government entities in Texas set tax rates, which can vary widely within the state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in 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. Below, you can compare Newark’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. The median property tax rate in Texas is 1.47%, which is notably higher than the national median of 1.02%. This means that property owners in Texas, including those in Newark, often face higher tax bills compared to the national average. The higher tax rate can significantly impact overall property expenses, making property tax appeals an important consideration for Texas homeowners. Understanding these variations helps property owners make informed decisions about their investments and potential savings through property tax appeals.

Property Tax Rates Across Newark, 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 Newark Tax Rate

1.47%

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 Newark, Tarrant County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
760711.07%1.34%1.47%1.57%1.72%

Source: Ownwell

Property Tax Assessment Values Across Newark, Tarrant County, Texas

When examining property taxes in Newark, 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 Newark. For example, the median home price in Newark is $552,379, with tax bills ranging significantly across the county. 76071 has the highest median home price at $552,379.

Property Tax Assessment Values Across Newark, Tarrant County, Texas

Source: Ownwell

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$28,296

$1,531,770

$3,035,243

Median Newark Market Value

$552,379

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 Newark, Tarrant County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76071$49,000$457,700$552,379$618,653$657,682

Source: Ownwell

Property Tax Bills Across Newark, Tarrant County, Texas

In Newark, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the Tarrant County Appraisal District. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors influencing the assessed value include the home's market value, property improvements, and local tax rates. With a median home price of $552,379, homeowners in Newark face significant tax bills, with the 25th percentile tax bill at $4,608 and the 75th percentile reaching $9,473. These figures are higher than the national median property tax bill of $2,400, indicating a substantial financial burden on local homeowners. Ownwell can assist homeowners in Newark by providing expert property tax appeal services. By analyzing assessed values and identifying discrepancies or opportunities for exemptions, Ownwell helps clients potentially reduce their tax bills, ensuring they pay only their fair share. This service not only offers potential savings but also provides peace of mind to homeowners.

Property Tax Bills Across Newark, Tarrant County, Texas

Source: Ownwell

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$1,576

$19,335

$37,093

Median Newark Tax Bill

$7,641

Median Tarrant County Tax Bill

$5,114

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Newark, Tarrant County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76071$719$4,608$7,641$9,473$10,540

Source: Ownwell

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