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Red Oak, Tarrant County, Texas Property Taxes

Median Red Oak, TX effective property tax rate: 2.58%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%. Median Red Oak, TX home value: $13,373. Median annual Red Oak, TX tax bill: $344, $2,056 lower than the national median property tax bill of $2,400.

How are property taxes in Tarrant calculated?

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

Last Updated March 1, 2025

Red Oak, Tarrant County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.58%

Estimate Property Tax Bill

$345

$320

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Property Tax Rates Across Red Oak, Tarrant County, Texas

Local government entities set tax rates, which can vary widely within a state. This variance is due to each county annually estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Red Oak, located in Ellis County, Texas, the effective property tax rate is significantly higher than the national median of 1.02%. This places a considerable tax burden on property owners. When compared to other cities in Texas, Red Oak's rate stands out, as the state itself has a varied landscape of property tax rates. The Texas median property tax rate is also higher than the national median, reflecting the state's reliance on property taxes for funding essential services. Understanding these rates is crucial for property owners, as it directly affects their annual tax bills and overall financial planning.

Property Tax Rates Across Red Oak, Tarrant County, Texas

Source: Ownwell

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1.20%

1.67%

2.14%

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 Red Oak Tax Rate

2.58%

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

1.70%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Red Oak, Tarrant County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
75154N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Red Oak, Tarrant County, Texas

When examining property taxes in Red Oak, 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 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.

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. 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 Red Oak. For example, the median home price in Red Oak is $13,373, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Red Oak, Tarrant County, Texas

Source: Ownwell

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$28,296

$1,531,770

$3,035,243

Median Red Oak Market Value

$13,373

Median Tarrant County Market Value

$306,713

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Red Oak, Tarrant County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75154N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Red Oak, Tarrant County, Texas

In Red Oak, located in Tarrant County, TX, property tax bills are determined by the assessed value of a home, which is calculated by the local tax assessor. The median home price in this area is notably lower than the national average, and property taxes are based on this assessed value. Homeowners in Red Oak can expect a tax bill that aligns with the 25th, 75th, and 90th percentiles, all at $344, which is significantly below the national median property tax bill of $2,400. This low tax bill is a result of the lower assessed home values compared to the national average.

Factors influencing property tax bills include the local tax rate and the assessed property value. Even with a lower tax bill, homeowners may still find opportunities for savings. Ownwell offers expert property tax appeal and exemption services, helping homeowners ensure their assessed values are fair. By leveraging Ownwell's expertise, homeowners in Red Oak can potentially reduce their property tax bills, ensuring they pay only what is necessary.

Property Tax Bills Across Red Oak, Tarrant County, Texas

Source: Ownwell

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$1,576

$19,335

$37,093

Median Red Oak Tax Bill

$344

Median Tarrant County Tax Bill

$5,114

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Red Oak, Tarrant County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75154N/AN/AN/AN/AN/A

Source: Ownwell

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