Trophy Club, Texas Property Taxes
The median property tax rate in Trophy Club, TX is 0.66%, which is notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $454,385 in Trophy Club, the typical annual property tax bill amounts to $3,015, surpassing the national median of $2,690. Property taxes in Trophy Club are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Trophy Club'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 Trophy Club 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
Trophy Club, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$2,999
$2,775
$1,148
Average Trophy Club, Texas Tax Savings
Ownwell’s Trophy Club Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trophy Club with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trophy Club 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 Trophy Club. 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 Trophy Club, Texas
Property taxes in Trophy Club, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trophy Club is 0.66%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Trophy Club set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trophy Club 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 Trophy Club's effective property tax rate to other counties in Texas and the national median. For comparison, the 76262 zip code has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Trophy Club 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 Trophy Club Tax Rate
0.66%
Average Tarrant County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trophy Club, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76262 | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
$1,148
Average Trophy Club Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Trophy Club, Texas
In Trophy Club, 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 Trophy Club, 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. The median home price in Trophy Club is $454,385, with the median tax bill being $3,015. The zip code 76262 has both the highest and lowest median tax bills, each at $3,015. Being aware of these valuation processes in Trophy Club helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Trophy Club Assessed Value
$454,385
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 Trophy Club, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76262 | $454,385 | $454,385 | $454,385 | $454,385 | $454,385 |
Source: Ownwell
$1,148
Average Trophy Club Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Trophy Club, Texas
In Trophy Club, Tarrant County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. This assessed value is determined by the county appraisal district, which evaluates the property's market value. The tax rate, set by local taxing authorities, is then applied to this assessed value to determine the tax bill. For homeowners in Trophy Club, the median home price is $454,385, with a median property tax bill of $3,015. This figure is notably higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. High property taxes can significantly impact homeowners by increasing their annual financial obligations. However, Ownwell offers valuable assistance by providing property tax appeal and exemption services. By thoroughly reviewing your property's assessed value and identifying potential discrepancies, Ownwell can help reduce your tax bill, ensuring you pay only your fair share. This expert guidance can lead to substantial savings for homeowners.
Average Trophy Club Tax Bill
$3,015
Average Tarrant County Tax Bill
$5,114
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Trophy Club, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76262 | $3,015 | $3,015 | $3,015 | $3,015 | $3,015 |
Source: Ownwell
$1,148
Average Trophy Club 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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