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What Is The Property Tax Rate In Colleyville Texas?

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One important factor in home affordability in Colleyville Texas is your Colleyville Texas property taxes. Here is some information about what the current property tax rates are for homes in Colleyville, Texas and how property taxes are calculated for homes for sale in Colleyville, Texas. To understand how different taxing authorities (either cities or counties in Texas) calculate your property tax, you have to understand the two factors used in taxation.

  1. The first is the assessed value of your home

  2. The second is the total tax rate for your local city or county.

How is the home value assessed for property taxes in Colleyville?

Property taxes – also called ad valorem taxes – are based on the current market value of real estate and tangible personal property as appraised by the county appraisal district. The appraiser compares your home to others that have recently sold to determine its value. The appraised value of your property is then multiplied by the local property tax rate to determine your property tax bill.

The Tarrant Appraisal District appraises property located in Tarrant County. The City of Colleyville, as one of the local taxing units, sets the City tax rate and collects property taxes based on the taxable value of properties within City boundaries. Taxable value is the appraised value less the value over the appraisal cap and locally approved exemptions.

What are the components of property tax rate in Colleyville? Property Taxes in Colleyville TX are made up of :

  • School taxes (depending on school district)

  • City taxes

  • County taxes and community college

What is Colleyville property tax rate? The tax rate is a published amount per $100 as a percentage that is used to calculate taxes on property. The formula for calculating your annual tax bill is tax rate multiplied by taxable value.