Want a Break on Dallas Property Taxes? These DFW Communities May Keep More Money in Your Pocket
There are a lot of things to consider when you’re looking for a new place to live, and property taxes are probably among those you enjoy thinking about the least. In Dallas metro area, many area property tax bills have spiked 40 percent or more since 2010 while the area's population growth is closer to 15 percent.
USA Today published an article in April that places Texas in a tie for second place among states with the highest effective property tax.
According to Wallet Hub, in 2017, Texas ranked No. 34 for highest tax burden, which takes into account property, income and sales taxes.
Property Taxes in Texas
Effective Tax Rate: 2.06%
Average Home Value: $226,553
Average Property Tax: $4,660
Highest Average Metro Property Tax: Austin, $7,012
Total Single-Family Homes: 6,610,286
Total Property Taxes: $30,802,480,121
You can use the online calculator at this link to estimate your property taxes for any city in Texas.
But bear with us for just a moment because we have good news: Several of our communities are located in Dallas neighborhoods with some of the lowest Dallas property tax rates around, so if you want to enjoy the Dallas lifestyle without shelling out too much in taxes, these are the areas you want to look at:
Here is the list of top DFW-area suburbs with the lowest total property tax rates, in order from low to high:
1. Flower Mound - 2.08%
2. Lewisville - 2.08%
3. University Park - 2.10%
4. Roanoke 2.10%
5. Frisco - 2.18%
6. Plano - 2.18%
Here are the five DFW-area suburbs with the highest property tax rates, in order from high to low:
1. Grand Prairie - 2.92%
2. Rowlett - 2.89%
3. Coppell - 2.71%
4. Irving - 2.68%
5. Richardson - 2.67%
In addition, some communities can have additional taxes in forms of MUDs, PUDs. Learn more here
Texas Property Tax Exemptions
Texas offers “homestead exemption” to home owners. What is it, and do you qualify?
The answer to the second question is yes, assuming the home is legally yours and was your primary residence as of January 1 of the tax year in question. To receive it, you just have to file an application with your tax assessor's office.
Just make sure you file by April 1, when your property tax returns are due.
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