Property Taxes in Forest Hill, Texas
Median Forest Hill, Texas effective property tax rate: 1.26%, significantly higher than the national median of 1.02%, and lower than the Texas state median of 1.48%.
Median Forest Hill, Texas home value: $195,233
Median annual Forest Hill, Texas tax bill: $2,438, $38 higher than the national median property tax bill of $2,400.
How are property taxes in Tarrant calculated?
Property taxes in Forest Hill, 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 Forest Hill's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Forest Hill, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Forest Hill Property Tax Calculator Work?
Use this Forest Hill property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Forest Hill's median effective tax rate of 1.26% — based on actual property records in Tarrant 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 Forest Hill'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 Forest Hill: rates range from 1.26% in 76119 to 1.26% in 76140, primarily due to differences in school district levies and local assessment districts.
If your estimate is higher than expected, Ownwell can appeal your Forest Hill assessment — you only pay if we save you money.
About Forest Hill Property Taxes
About Property Taxes in Forest Hill, Tarrant, Texas
Forest Hill’s median effective property tax rate of 1.26% is lower than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Tarrant 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 Forest Hill. Homeowners in the 76140 ZIP code carry a median effective rate of 1.32%, while those in 76119 pay 1.15%. This spread — 0.17 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Tarrant County. Understanding which part of Forest Hill you live in can make a meaningful difference to your annual tax bill.
Forest Hill 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 Forest Hill, Tarrant 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 Forest Hill's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.
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 Forest Hill Tax Rate
1.26%
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 Tarrant County Tax Rate
1.52%
Median Effective Texas Tax Rate
1.48%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Forest Hill, Tarrant County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76119 | 0.23% | 0.46% | 1.15% | 2.10% | 2.29% |
| 76140 | 0.42% | 0.63% | 1.32% | 2.15% | 2.41% |
Source: Ownwell
Save on Your Property Taxes and More With Ownwell
$774
Average Annual Tax Savings
Property Tax Assessment Values Across Forest Hill, Tarrant County, Texas
When examining property taxes in Forest Hill, 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 Tarrant 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 Tarrant 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. The median home price in Forest Hill is $195,233, with tax bills ranging significantly across the county. ZIP code 76140 has the highest median home price at $195,329.
Property Tax Assessment Values Across Forest Hill, Tarrant County, Texas
Source: Ownwell
$29,160
$1,515,580
$3,002,000
Median Forest Hill Market Value
$195,233
Median Tarrant County Market Value
$303,590
Median Texas Market Value
$258,851
Median United States Market Value
$274,101
Property Tax Assessment Values Across Forest Hill, Tarrant County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76119 | $131,427 | $161,229 | $194,969 | $242,965 | $291,255 |
| 76140 | $140,000 | $163,538 | $195,329 | $229,539 | $257,668 |
Source: Ownwell
Save on Your Property Taxes and More With Ownwell
$774
Average Annual Tax Savings
Property Tax Bills Across Forest Hill, Tarrant County, Texas
Property tax bills in Forest Hill are based on the assessed value of a home and the local tax rates set by taxing authorities in Tarrant County. When a home’s market value rises, the assessed value can increase too, which often leads to a higher bill. For many homeowners, that means paying more even when nothing about the property has changed. The median home price in Forest Hill is $195,233, and tax bills can vary widely, with the 25th percentile at $961 and the 75th percentile at $3,921. The highest median tax bill in the area reaches $2,590 in ZIP code 76140, while the lowest is $2,318 in ZIP code 76119.
Compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400, local bills can still feel steep. Ownwell helps homeowners lower property tax bills by reviewing assessments, identifying savings opportunities, and filing appeals to challenge unfair valuations.
Median Forest Hill Tax Bill
$2,438
Median Tarrant County Tax Bill
$4,642
Median Texas Tax Bill
$3,441
Median United States Tax Bill
$3,209
Property Tax Bills Across Forest Hill, Tarrant County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76119 | $444 | $856 | $2,318 | $3,925 | $5,106 |
| 76140 | $708 | $1,188 | $2,590 | $3,919 | $4,937 |
Source: Ownwell
Save on Your Property Taxes and More With Ownwell
$774
Average Annual Tax Savings
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | January 31 |
Links | |
|---|---|
| Tarrant Appraisal District | |
| Phone | (817) 284-0024 |
| Website | tarrant.prodigycad.com |