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Ft Worth, Parker County, Texas Property Taxes

  • Median FT WORTH, TX effective property tax rate: 1.42%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median FT WORTH, TX home value: $185,420

  • Median annual FT WORTH, TX tax bill: $2,632, $232 higher than the national median property tax bill of $2,400.

How are property taxes in Parker calculated?

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

Last Updated March 1, 2025

Ft Worth, Parker County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.42%

Estimate Property Tax Bill

$2,633

$2,443

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s FT WORTH Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in FT WORTH with just two data points. By entering your property's estimated assessed value, our calculator applies FT WORTH’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 Parker. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ft Worth, Parker County, Texas

Local government entities in Fort Worth, located in Parker County, Texas, determine property tax rates, which can vary significantly across the state. This variation arises because each county annually estimates the budget needed to provide essential services, then divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and legislation play roles in setting these rates and budgets, this is essentially how the process unfolds each year.

In Fort Worth, the effective property tax rate can be compared to other cities in Texas, as well as the median property tax rate in Texas and the United States. The median property tax rate in Texas is 1.42%, which is higher than the national median rate of 1.02%. This means property owners in Texas may pay more in property taxes compared to the national average. Understanding these rates is crucial for property owners in Fort Worth to ensure they are not overpaying and can take advantage of potential tax appeals or exemptions.

Property Tax Rates Across Ft Worth, Parker County, Texas

Source: Ownwell

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1.16%

1.48%

1.79%

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 Ft Worth Tax Rate

1.42%

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 Parker County Tax Rate

1.54%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ft Worth, Parker County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
76126N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Ft Worth, Parker County, Texas

When examining property taxes in FT WORTH, 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 Parker 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 Parker 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. 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 FT WORTH.

For example, the median home price in FT WORTH is $185,420, with tax bills ranging significantly across the county. 76102 has the highest median home price at $185,420.

Property Tax Assessment Values Across Ft Worth, Parker County, Texas

Source: Ownwell

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$82,440

$340,315

$598,190

Median Ft Worth Market Value

$185,420

Median Parker County Market Value

$335,640

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ft Worth, Parker County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76126N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Ft Worth, Parker County, Texas

In Fort Worth, located in Parker County, TX, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is determined by the county appraisal district and is typically a percentage of the property's market value. Homeowners in Fort Worth face a property tax rate that is often higher than the national median of 1.02%, leading to a median property tax bill of $2,632, which is above the national median of $2,400. Factors such as property improvements and neighborhood developments can influence the assessed value, impacting the overall tax bill. High property taxes can be a financial burden for homeowners, making it essential to ensure that assessments are accurate. Ownwell offers expert property tax appeal services to help homeowners in Fort Worth potentially reduce their tax bills. By analyzing property assessments and market data, Ownwell identifies discrepancies and assists in appealing for a fairer assessment, ultimately aiming to save homeowners money on their property taxes.

Property Tax Bills Across Ft Worth, Parker County, Texas

Source: Ownwell

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$867

$5,292

$9,716

Median Ft Worth Tax Bill

$2,632

Median Parker County Tax Bill

$4,986

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Ft Worth, Parker County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76126N/AN/AN/AN/AN/A

Source: Ownwell

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