Westlake, Tarrant County, Texas Property Taxes
Median Westlake, TX effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Westlake, TX home value: $3,035,243
Median annual Westlake, TX tax bill: $37,093, $34,693 higher than the national median property tax bill of $2,400.
How are property taxes in Tarrant calculated?
Property taxes in Westlake, 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 Westlake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Westlake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Westlake, Tarrant County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.25%
Estimate Property Tax Bill
$37,941
$35,208
$1,102
Average Tax Savings
Ownwell’s Westlake Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Westlake with just two data points.
By entering your property's estimated assessed value, our calculator applies Westlake’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 Westlake, Tarrant County, Texas
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This is because each county estimates its required budget for services annually and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is the process in a nutshell.
In Westlake, located in Tarrant County, Texas, the effective property tax rate is notably higher than the national median of 1.02%. Westlake's rate stands at 1.25%, which is also the highest in the state. This rate reflects the county's budgetary needs and the total value of taxable property in the area. Compared to the national median property tax bill of $2400, residents in Westlake may find their property taxes to be on the higher side. Understanding these rates can help property owners in Westlake make informed decisions about their property tax appeals and exemptions.
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 Westlake Tax Rate
1.25%
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 Westlake, Tarrant County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76262 | 0.86% | 1.07% | 1.25% | 1.45% | 1.70% |
Source: Ownwell
$1,102
Average Westlake Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Westlake, Tarrant County, Texas
When examining property taxes in Westlake, 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.
Assessment notices:
In Tarrant County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Westlake. For example, the median home price in Westlake is $3,035,243, with tax bills ranging significantly across the county. Zip code 76262 has the highest median home price at $3,035,243.
Property Tax Assessment Values Across Westlake, Tarrant County, Texas
Source: Ownwell
$28,296
$1,531,770
$3,035,243
Median Westlake Market Value
$3,035,243
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 Westlake, Tarrant County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76262 | $1,004,899 | $2,344,997 | $3,035,243 | $4,172,219 | $5,646,231 |
Source: Ownwell
$1,102
Average Westlake Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Westlake, Tarrant County, Texas
Median Westlake Tax Bill
$37,093
Median Tarrant County Tax Bill
$5,114
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Westlake, Tarrant County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76262 | $11,820 | $28,832 | $37,093 | $51,414 | $71,884 |
Source: Ownwell
$1,102
Average Westlake Tax Savings
Save on your property taxes & more with Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | January 31 |
Links | |
|---|---|
| Tarrant Appraisal District | |
| Phone | (817) 284-0024 |
| Website | www.tad.org |
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