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North Richland Hills, Texas Property Taxes

The median property tax rate in North Richland Hills, TX is 1.61%, notably higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With a median home value of $340,932 in North Richland Hills, the typical annual property tax bill amounts to $5,258, significantly surpassing the national median of $2,690. Property taxes in North Richland Hills 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 North Richland Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of North Richland Hills 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

North Richland Hills, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.61%

Estimate Property Tax Bill

$5,489

$5,079

SAVE WITH OWNWELL

$1,148

Average North Richland Hills, Texas Tax Savings

Ownwell’s North Richland Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Richland Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Richland Hills 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 North Richland Hills. 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 North Richland Hills, Texas

Property taxes in North Richland Hills, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Richland Hills is 1.61%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within North Richland Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Richland Hills 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 North Richland Hills' effective property tax rate to other counties in Texas and the national median. For comparison, the 76182 zip code has the highest median property tax rate of 1.62%, while the 76117 zip code has the lowest median tax rate of 1.50%. Understanding how these cities compare with North Richland Hills 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.

Property Tax Rates Across North Richland Hills, Texas

Source: Ownwell

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0.23%

1.40%

2.58%

Average North Richland Hills Tax Rate

1.61%

Average Tarrant County Tax Rate

1.70%

Average Texas Tax Rate

1.67%

Average United States Tax Rate

0.99%

Property Tax Rates Across North Richland Hills, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
761170.59%1.13%1.50%1.90%1.92%
761480.95%1.16%1.55%1.63%1.91%
761800.71%1.13%1.60%1.89%2.14%
761820.84%1.32%1.62%1.83%2.03%

Source: Ownwell

Property Tax Assessment Values Across North Richland Hills, Texas

In North Richland Hills, 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 North Richland Hills, 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 North Richland Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill is $6,564 in the 76148 zip code, while the lowest is $3,731 in the 76117 zip code.

Property Tax Assessment Values Across North Richland Hills, Texas

Source: Ownwell

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$13,373

$1,524,308

$3,035,243

Average North Richland Hills Assessed Value

$340,932

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 North Richland Hills, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76117$206,419$227,923$246,885$289,268$319,181
76148$399,975$418,877$432,998$473,196$532,524
76180$179,208$234,764$304,304$389,519$487,812
76182$260,837$301,150$383,858$515,642$671,086

Source: Ownwell

Property Tax Bills Across North Richland Hills, Texas

In North Richland Hills, located in Tarrant County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value of the property, which is then adjusted by the local assessment ratio. Homeowners in North Richland Hills face varying tax bills, with the 25th percentile at $3,529 and the 75th percentile at $7,243. The highest median tax bill in the area is $6,564 in the 76148 zip code, while the lowest is $3,731 in the 76117 zip code. These tax bills can significantly impact homeowners, often creating financial strain. Ownwell helps homeowners reduce their property tax bills by providing expert appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell ensures homeowners are not overpaying. This professional assistance can lead to substantial savings, offering financial relief and peace of mind.

Property Tax Bills Across North Richland Hills, Texas

Source: Ownwell

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$136

$20,349

$40,562

Average North Richland Hills Tax Bill

$5,258

Average Tarrant County Tax Bill

$5,114

Average Texas Tax Bill

$3,971

Average United States Tax Bill

$2,690

Property Tax Bills Across North Richland Hills, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76117$1,382$2,573$3,731$4,601$5,391
76148$3,889$4,515$6,564$8,094$8,834
76180$1,600$2,803$4,498$6,232$8,005
76182$2,799$4,271$6,006$8,215$10,980

Source: Ownwell

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