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University Park, Dallas County, Texas Property Taxes

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Property Taxes in University Park, Texas

  • Median University Park, Texas effective property tax rate: 1.21%, significantly lower than the national median of 1.02%, and lower than the Texas state median of 1.48%.

  • Median University Park, Texas home value: $2,393,885

  • Median annual University Park, Texas tax bill: $24,730, higher than the national median property tax bill of $2,400.

How are property taxes in Dallas calculated?

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

Last Updated April 13, 2026

University Park, Dallas County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.21%

Estimate Property Tax Bill

$28,966

$26,880

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the University Park Property Tax Calculator Work?

Use this University Park property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies University Park's median effective tax rate of 1.21% — based on actual property records in Dallas County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies University Park's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within University Park: rates range from 1.21% to 1.21%, primarily due to differences in school district levies and local assessment districts.

If your estimate is higher than expected, Ownwell can appeal your University Park assessment — you only pay if we save you money.

About University Park Property Taxes

About Property Taxes in University Park, Dallas, Texas

University Park's median effective property tax rate of 1.21% is lower than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Dallas County base levy combined with local school district levies and Municipal Utility Districts (MUDs) that vary by subdivision throughout the city.

Property tax rates are not uniform across University Park. Homeowners in the highest ZIP code carry a median effective rate of 1.21%, while those in the lowest ZIP code pay 1.21%. This spread reflects how school district boundaries and local assessment districts are drawn across Dallas County. Understanding which part of University Park you live in can make a meaningful difference to your annual tax bill.

University Park homeowners who believe their assessed value is too high can file a formal appeal with the local Appraisal District before the May 15, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across University Park, Dallas County, Texas

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, 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.

Below, you can compare University Park's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

Property Tax Rates Across University 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 University Park Tax Rate

1.21%

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 University 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 University Park, Dallas County, Texas

When examining property taxes in University Park, Texas, 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.

Assessment notices:

In Dallas County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of April.

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. For University Park, the median home price is $2,393,885, and the median tax bill is $24,730, far above the national median property tax bill of $2,400. Tax bills range widely across the county, from $15,813 at the 25th percentile to $36,563 at the 90th percentile.

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

Source: Ownwell

$35,420

$871,725

$1,708,030

Median University Park Market Value

$2,393,885

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 University 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 University Park, Dallas County, Texas

How are property tax bills calculated in University Park?

Property tax bills in University Park are based on the assessed value of a home and the local tax rates set by taxing authorities in Dallas County. When a property’s market value rises, the assessed value can increase too, which often leads to a higher tax bill. For homeowners, that means a larger annual expense that can affect monthly budgets and long-term housing costs.

What factors influence the bill? The home’s value, exemptions, and the tax rates applied to that value all play a role. With a median home price of $2,393,885, University Park homeowners often face substantial property tax bills, with the 25th percentile at $15,813, the 75th percentile at $29,169, and the 90th percentile at $36,563. That is far above the national median property tax bill of $2,400.

How can Ownwell help? By reviewing your assessment and identifying opportunities to appeal or claim exemptions, Ownwell can help lower your property tax bill and reduce what you pay each year.

Property Tax Bills Across University Park, Dallas County, Texas

Source: Ownwell

$314

$9,821

$19,327

Median University Park Tax Bill

$24,730

Median Dallas County Tax Bill

$4,251

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across University 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

Don't miss the deadline to protest!

Frequently Asked Property Tax Questions in University Park, Texas

How are property taxes calculated in University Park, Texas?
Property taxes in University Park, Texas are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in University Park, Texas?
To appeal your property taxes in University Park, Texas, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in University Park, Texas?
Common property tax exemptions in University Park, Texas include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in University Park, Texas?
Property tax deadlines in University Park, Texas vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in University Park, Texas?
Ownwell provides professional property tax appeal services in University Park, Texas. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.