Quantcast

South DFW News

Saturday, May 4, 2024

Analysis: Tarrant County effective property tax rate outpaced the national average in Q1

Re 2

Property owners in Tarrant County paid 2.5% the value of their homes in property taxes in the first quarter of 2023 which is more than 2.3 times the national average, according to the real estate analysis posted by the South DFW News.

The median sales price of a Tarrant County home in the first quarter of 2023 was $158,135, based on data from the 6,518 properties sold during that time. In 2018 the median tax bill for the county was $3,998, which is 2.5% of the median value of the homes that were taxed.

This is 2.3 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Tarrant County real estate data showed homeowners in Forest Hill, Briar, and North Richland Hills paid the highest rates.

The following table compares Forest Hill with some other cities belonging to Tarrant County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2023.

CityQ1 2023 SalesQ1 2023 Median PriceMedian tax 2023Effective tax rate
Forest Hill35$66,429$2,7184.1%
Briar6$72,266$2,8874%
North Richland Hills292$158,414$5,9683.8%
Crowley56$141,825$5,2443.7%
White Settlement53$84,821$3,0203.6%
Saginaw78$132,572$4,7813.6%
Watauga142$126,995$4,4623.5%
Mansfield178$223,062$7,6823.4%
Westworth Village13$100,629$3,4103.4%
Kennedale13$198,724$6,5083.3%
Arlington1,242$150,250$4,7783.2%
Fort Worth2,711$148,740$4,7043.2%
Benbrook101$157,980$5,0733.2%
Azle44$148,183$4,6423.1%
Westlake9$1,343,066$39,9933%
Dalworthington Gardens6$392,534$11,7033%
Sansom Park15$65,784$1,9623%
Keller148$347,939$10,1122.9%
Hurst137$161,777$4,6742.9%
River Oaks47$82,266$2,4232.9%
Blue Mound8$97,110$2,7952.9%
Bedford169$196,435$5,4172.8%
Richland Hills51$109,532$3,0762.8%
Pantego9$167,957$4,6032.7%
Southlake96$667,008$17,3722.6%
Euless165$175,709$4,0722.3%
Grand Prairie164$218,883$5,0902.3%
Westover Hills2$1,639,244$37,5562.3%
Lakeside5$188,518$4,2252.2%
Pecan Acres11$415,000$5,6861.4%
Rendon36$165,962$2,3071.4%
Haslet4$243,811$2,9781.2%
Colleyville117$450,825$3,8460.9%
Burleson34$177,404$1,2770.7%
Grapevine130$328,500$2,2840.7%
Trophy Club1$422,774$2,3210.5%
Flower Mound2$677,302$23<0.1%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS