If you are relocating to the D/FW area from another state, you will be glad to know that North Texas has some of the lowest property tax rates in the state. Your property taxes may be higher here than where you lived previously. However, the offset is that in Texas you will not be paying any state or local personal income taxes.
.
.
With so many DFW suburbs to choose from, you may be overwhelmed with deciding where to plant your roots. Property taxes are an important factor to consider when selecting your suburb. Find out the top five highest and lowest property tax rates for DFW-area suburbs, as well as factors determining rates and how you may be exempt from some taxes or may qualify for a reduction.
Keep in mind: In some instances, paying the higher property tax may be worth the higher cost. Depending on your family's needs (such as schooling and accessibility), you may find paying the tax feels more like an investment in quality education for your kids.
.
Contact us at 469-556-1185 to discuss important factors that you may be unaware of like property tax rates as you select the location of your next home or property investment. It is our pleasure to provide you with helpful and up-to-date info in all your real estate endeavors.
.
Deadlines and Important Dates for Property Taxes
January 1 – Assessed value, property appraisals, become effective for this tax year
January 31 – Deadline to pay property tax for last year. Penalty and interest applies to delinquent payments. Exceptions apply if the value has not been set (previous year).
April 30 (approximate) – County appraisal district mails notice of appraised value for all real estate accounts.
May 1 (scheduled) – informal county appraisal district protest meetings begin for real estate aappraised values, real estate exemptions, etc.
May 15 (scheduled) - Deadline to file a protest (or 30 days after notice of assessed value is mailed, whichever is later). The County appraisal district is only required to send a notice of appraised value if the appraised value increased by more than $1,000.
July 20 (approximate) – The County Appraisal Review Board is scheduled to approve appraisal records on or before July 20.
July 25 – Deadline for the appraisal district to certify the tax roll. Typically, counties are required to resolve the property value for 95% of the tax base by value no later than July 25.
August to September – County taxing districts are scheduled to set their tax rates for the following year.
October – Tax bills are mailed by the county tax assessor to be paid no later than January 31 of the following year.
OTHER PROPERTY TAX INFORMATION PAGES:
Links to all the County Appraisal Districts are in the box below titled "Property Tax Exemptions."
