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River Oaks, Tarrant County, Texas Property Taxes

  • Median RIVER OAKS, TX effective property tax rate: 1.81%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median RIVER OAKS, TX home value: $206,972

  • Median annual RIVER OAKS, TX tax bill: $3,557, $1,157 higher than the national median property tax bill of $2,400.

How are property taxes in Tarrant calculated?

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

Last Updated March 1, 2025

River Oaks, Tarrant County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.81%

Estimate Property Tax Bill

$3,746

$3,476

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Local government entities are responsible for setting tax rates, and these can vary significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide this amount by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws influence the setting of tax rates and budgets, this is the core of the annual process.

In River Oaks, located in Tarrant County, TX, the effective property tax rate is 1.81%. This rate is notably higher than the national median property tax rate of 1.02%. Compared to other cities in Texas, River Oaks maintains a consistent tax rate, aligning with the highest and lowest median rates within the state. The median property tax bill in the U.S. is $2,400, serving as a benchmark for comparison. Understanding these rates is crucial for property owners seeking to manage their tax liabilities effectively.

Property Tax Rates Across River Oaks, 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 River Oaks Tax Rate

1.81%

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 River Oaks, Tarrant County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
761140.60%1.17%1.81%2.22%2.48%

Source: Ownwell

Property Tax Assessment Values Across River Oaks, Tarrant County, Texas

When examining property taxes in River Oaks, 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 River Oaks.

For example, the median home price in River Oaks is $206,972, with tax bills ranging significantly across the county. Zip code 76114 has the highest median home price at $206,972.

Property Tax Assessment Values Across River Oaks, Tarrant County, Texas

Source: Ownwell

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$28,296

$1,531,770

$3,035,243

Median River Oaks Market Value

$206,972

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 River Oaks, Tarrant County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76114$152,418$174,088$206,972$245,550$294,651

Source: Ownwell

Property Tax Bills Across River Oaks, Tarrant County, Texas

In River Oaks, located in Tarrant County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the home's market value. Homeowners are then taxed at a rate set by local taxing authorities. In River Oaks, property tax bills vary significantly, with the 25th percentile at $2,275 and the 90th percentile reaching $5,923. This variation can significantly affect homeowners, especially when compared to the national median property tax bill of $2,400. Higher tax bills can strain household budgets, making it crucial for homeowners to ensure their assessments are accurate.

Ownwell provides valuable assistance to homeowners by offering property tax appeal and exemption services. By leveraging expertise and local market knowledge, Ownwell helps homeowners potentially lower their tax bills, ensuring they are not overpaying. This service can be particularly beneficial in areas with high tax bills, providing financial relief and peace of mind to property owners.

Property Tax Bills Across River Oaks, Tarrant County, Texas

Source: Ownwell

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$1,576

$19,335

$37,093

Median River Oaks Tax Bill

$3,557

Median Tarrant County Tax Bill

$5,114

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across River Oaks, Tarrant County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76114$1,216$2,275$3,557$4,670$5,923

Source: Ownwell

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