Westworth Vlg, Texas Property Taxes
The median property tax rate in Westworth Vlg, TX is 1.94%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Westworth Vlg at $2,092,519, the typical annual property tax bill reaches $40,562, exceeding the national median of $2,690. Property taxes in Westworth Vlg are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Westworth Vlg'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 Westworth Vlg 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
Westworth Vlg, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Westworth Vlg, Texas Tax Savings
Ownwell’s WESTWORTH VLG Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WESTWORTH VLG with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WESTWORTH VLG 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 WESTWORTH VLG. 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 Westworth Vlg, Texas
Property taxes in Westworth Village, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westworth Village is 1.94%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Westworth Village set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westworth Village 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 Westworth Village's effective property tax rate to other counties in Texas and the national median. For comparison, the 76114 zip code has the highest median property tax rate of 1.94%, while the same zip code also has the lowest median tax rate of 1.94%. Understanding how these cities compare with Westworth Village 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 Westworth Vlg Tax Rate
1.94%
Average Tarrant County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westworth Vlg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76114 | 1.94% | 1.94% | 1.94% | 1.94% | 1.94% |
Source: Ownwell
$1,148
Average Westworth Vlg Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Westworth Vlg, Texas
In Westworth Village, 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 Westworth Village, 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 Westworth Village helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Westworth Village is $2,092,519, with the highest and lowest median tax bills both recorded at $40,562 in the 76114 zip code.
Property Tax Assessment Values Across Westworth Vlg, Texas
Source: Ownwell
$13,373
$1,524,308
$3,035,243
Average Westworth Vlg Assessed Value
$2,092,519
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 Westworth Vlg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76114 | $2,092,519 | $2,092,519 | $2,092,519 | $2,092,519 | $2,092,519 |
Source: Ownwell
$1,148
Average Westworth Vlg Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Westworth Vlg, Texas
In Westworth Village, Tarrant County, TX, property tax bills are calculated based on the assessed value of a home, combined with the local tax rate. The median home price in Westworth Village is $2,092,519. With a property tax rate that results in a median tax bill of $40,562, homeowners face significant annual expenses. Factors such as the home's assessed value, local levy rates, and applicable exemptions determine the final tax bill. Unlike the national median property tax rate of 0.99%, Westworth Village's rates are considerably higher, making it crucial for homeowners to seek potential savings. Ownwell provides a valuable service by helping homeowners appeal their property assessments and secure exemptions, potentially reducing their tax burden. Our experts analyze your property’s assessed value, compare it with market data, and identify discrepancies that could lower your tax bill. By leveraging our expertise, homeowners in Westworth Village can ensure they are not overpaying on their property taxes, resulting in substantial annual savings.
Average Westworth Vlg Tax Bill
$40,562
Average Tarrant County Tax Bill
$5,114
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Westworth Vlg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76114 | $40,562 | $40,562 | $40,562 | $40,562 | $40,562 |
Source: Ownwell
$1,148
Average Westworth Vlg 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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