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Highland Park, Dallas County, Texas Property Taxes

  • Median Highland Park, TX effective property tax rate: 1.09%, significantly higher than the national median of 1.02%, and higher than the Texas state median of 1.48%.

  • Median Highland Park, TX home value: $2,021,340

  • Median annual Highland Park, TX tax bill: $22,102, $19,702 higher than the national median property tax bill of $2,400.

How are property taxes in Dallas calculated?

Property taxes in Highland Park, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Highland Park's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Highland Park, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Highland Park, Dallas County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.09%

Estimate Property Tax Bill

$22,033

$20,446

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

Ownwell’s Highland Park Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Highland Park with just two data points. By entering your property's estimated assessed value, our calculator applies Highland Park’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Dallas County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Highland Park, Dallas County, Texas

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Highland Park, located in Dallas County, has a property tax rate that is higher than the county's median. In Texas, the median property tax rate is slightly above the national median of 1.02%. Despite this, property tax bills in Highland Park often exceed the national median bill of $2,400 due to the higher assessed property values in the area. Comparing Highland Park’s effective property tax rate to other cities in Texas and national figures can provide valuable insights for property owners. Understanding these differences is crucial for homeowners looking to optimize their property tax obligations.

Property Tax Rates Across Highland Park, Dallas County, Texas

Source: Ownwell

0.43%

1.36%

2.29%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Highland Park Tax Rate

1.09%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Dallas County Tax Rate

1.55%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Highland Park, Dallas County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
N/AN/AN/AN/AN/A
75205N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Highland Park, Dallas County, Texas

When examining property taxes in Highland Park, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Dallas County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Dallas County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Highland Park. For example, the median home price in Highland Park is $2,021,340, with tax bills ranging significantly across the county. 75205 has the highest median home price at $2,021,340.

Property Tax Assessment Values Across Highland Park, Dallas County, Texas

Source: Ownwell

$35,420

$871,725

$1,708,030

Median Highland Park Market Value

$2,021,340

Median Dallas County Market Value

$276,420

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

Property Tax Assessment Values Across Highland Park, Dallas County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
N/AN/AN/AN/AN/A
75205N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Highland Park, Dallas County, Texas

In Highland Park, Dallas County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In Highland Park, the median home price is $2,021,340, leading to a substantial property tax bill that can reach as high as $22,102 for many homeowners, which is significantly higher than the national median property tax bill of $2,400. This substantial tax burden is due to the relatively high property values in the area.

For homeowners facing these high tax bills, Ownwell offers a valuable service by providing expert property tax appeal and exemption services. By analyzing the assessed value and comparing it to market trends, Ownwell can identify opportunities for reductions in assessed value, potentially lowering the tax bill. This service is crucial for homeowners seeking to manage their expenses and ensure they are not overpaying on their property taxes.

Property Tax Bills Across Highland Park, Dallas County, Texas

Source: Ownwell

$314

$9,821

$19,327

Median Highland Park Tax Bill

$22,102

Median Dallas County Tax Bill

$4,251

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across Highland Park, Dallas County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
N/AN/AN/AN/AN/A
75205N/AN/AN/AN/AN/A

Source: Ownwell

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