Average Tax Assessment in Parker County
Real Estate Values and Property Tax Valuation in Parker County, Texas
Parker County has a total of 49,846 properties, with a cumulative value of $13.2B, representing 0.62% of all real estate value in Texas. Property taxes in Parker County totaled $225.5M, with an average homeowner paying $4,596 in property taxes, which is higher than the state average of $4,015. The average property tax rate in Parker County is 1.71%, slightly higher than the state average of 1.69%. Properties are typically valued for tax purposes based on their market value.
The property tax timeline in Texas begins on January 1st, when the property valuation date is set. Property value notices are issued between April and May, and the property tax appeal deadline is May 15th or 30 days after the notices are issued. The real property tax bill is due on January 31st for the preceding year's gross tax bills.
Updated November 01, 2023
| Important Links | |
|---|---|
| TexasFile Clerk Records | - |
| Parker Appraisal District | (817) 596-0077 |
| Parker Tax Assessor/Collector | (817) 598-6139 |
| Important Dates | |
|---|---|
| Real Property Tax Bill Due (1st of #): | January 31st, Gross tax bills for preceding year |
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - May |
| Property Tax Appeal Deadline: | May 15th or 30 days after notices are issued |
| Property Tax Bills Issued: | October 1st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Parker County
Residential Property Taxes by Cities in Parker County
Parker County has an average property tax rate of 1.71%, which is slightly lower than the state average of 1.83%. This makes Parker County a relatively affordable place to live in terms of property taxes. However, there is still a wide range of effective property tax rates across the cities in the county. Aledo has the highest effective property tax rate at 2.05%, while Springtown has the lowest at 1.48%. This means that homeowners in Aledo will pay an average of $4,890 in property taxes, while homeowners in Springtown will pay an average of $4,302. This difference of nearly $600 can make a significant impact on a homeowner's budget.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Parker County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aledo | $176,238 | $292,190 | $381,150 | $494,215 | $597,898 |
| Azle | $61,778 | $130,840 | $213,330 | $344,650 | $454,616 |
| Cresson | $68,929 | $132,455 | $324,280 | $454,100 | $567,028 |
| Fort Worth | $155,522 | $313,365 | $429,580 | $573,860 | $713,740 |
| Hudson Oaks | $51,912 | $223,170 | $314,890 | $390,710 | $492,044 |
| Lipan | $168,040 | $335,490 | $402,920 | $477,310 | $541,950 |
| Millsap | $30,965 | $70,210 | $164,300 | $311,228 | $422,895 |
| Poolville | $44,679 | $98,308 | $208,620 | $329,752 | $439,591 |
| Springtown | $65,000 | $118,525 | $191,235 | $288,758 | $358,605 |
| Weatherford | $59,246 | $132,000 | $228,030 | $327,950 | $426,584 |
| Willow Park | $219,680 | $249,100 | $284,830 | $331,580 | $394,375 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Parker County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aledo | $2,665 | $5,654 | $8,425 | $10,544 | $12,838 |
| Azle | $680 | $1,574 | $3,339 | $5,742 | $7,634 |
| Cresson | $642 | $1,384 | $4,254 | $7,571 | $9,534 |
| Fort Worth | $1,730 | $4,507 | $7,447 | $10,345 | $13,171 |
| Hudson Oaks | $714 | $2,579 | $4,933 | $6,591 | $8,626 |
| Lipan | $2,914 | $5,562 | $7,453 | $8,916 | $10,479 |
| Millsap | $258 | $773 | $2,293 | $5,189 | $7,676 |
| Poolville | $440 | $1,083 | $2,972 | $5,226 | $7,463 |
| Springtown | $587 | $1,300 | $2,840 | $4,630 | $5,967 |
| Weatherford | $629 | $1,793 | $3,743 | $5,746 | $7,662 |
| Willow Park | $3,017 | $4,347 | $6,107 | $7,260 | $8,802 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aledo | 1.51% | 1.94% | 2.21% | 2.13% | 2.15% |
| Azle | 1.10% | 1.20% | 1.57% | 1.67% | 1.68% |
| Cresson | 0.93% | 1.04% | 1.31% | 1.67% | 1.68% |
| Fort Worth | 1.11% | 1.44% | 1.73% | 1.80% | 1.85% |
| Hudson Oaks | 1.38% | 1.16% | 1.57% | 1.69% | 1.75% |
| Lipan | 1.73% | 1.66% | 1.85% | 1.87% | 1.93% |
| Millsap | 0.83% | 1.10% | 1.40% | 1.67% | 1.82% |
| Poolville | 0.98% | 1.10% | 1.42% | 1.58% | 1.70% |
| Springtown | 0.90% | 1.10% | 1.49% | 1.60% | 1.66% |
| Weatherford | 1.06% | 1.36% | 1.64% | 1.75% | 1.80% |
| Willow Park | 1.37% | 1.75% | 2.14% | 2.19% | 2.23% |
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Real Estate Values in Parker County
The median home price in Parker County, Texas has increased by 4.09% from October 2022 to October 2023, from $465.0K to $484.0K. Home inventory in Parker County has remained steady over the same period, at 1.2K. This indicates that the demand for homes in Parker County is increasing, leading to an increase in home prices.
Average Home Value in Parker County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Parker County
Last updated: November 2023
Percent Change in New Home Listings in Parker County
Last updated: November 2023
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Mortgage Rates in Parker County
Mortgages in Parker County are a major source of financing for homeowners. According to recent statistics, there is a total of $17.5 billion in outstanding loan amounts across home mortgages in the county. This is equivalent to 23.1 thousand outstanding loans, representing a significant portion of the total home value in the area.
The median mortgage rate in Parker County varies across cities, with Fort Worth having the highest rate at 4.02%, and Aledo having the lowest rate at 3.87%. This variation in rates across cities can have a significant impact on the cost of financing a home, and it is important for potential homeowners to research the different rates available in their area.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Parker County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aledo | $114,423 | $194,118 | $279,893 | $367,463 | $472,036 |
| Azle | $56,458 | $108,626 | $183,484 | $277,460 | $354,023 |
| Cresson | $48,040 | $128,967 | $207,838 | $357,976 | $458,050 |
| Fort Worth | $78,489 | $166,142 | $262,463 | $375,570 | $498,216 |
| Hudson Oaks | $73,060 | $129,833 | $198,063 | $305,416 | $417,579 |
| Lipan | $73,991 | $154,726 | $266,633 | $350,043 | $432,208 |
| Millsap | $40,018 | $81,704 | $179,022 | $298,974 | $360,708 |
| Poolville | $38,380 | $92,959 | $168,632 | $278,958 | $383,841 |
| Springtown | $47,984 | $90,894 | $159,988 | $247,171 | $312,309 |
| Weatherford | $56,414 | $101,581 | $172,767 | $250,608 | $336,085 |
| Willow Park | $86,253 | $121,590 | $180,442 | $253,300 | $323,148 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Parker County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aledo | 2.90% | 3.23% | 3.87% | 4.45% | 5.25% |
| Azle | 2.80% | 3.25% | 3.87% | 4.50% | 5.75% |
| Cresson | 2.93% | 3.58% | 4.00% | 4.61% | 6.06% |
| Fort Worth | 2.90% | 3.52% | 4.02% | 4.67% | 6.13% |
| Hudson Oaks | 2.90% | 3.48% | 3.95% | 4.58% | 6.10% |
| Lipan | 2.90% | 3.31% | 3.99% | 4.42% | 5.18% |
| Millsap | 2.90% | 3.33% | 3.91% | 4.55% | 5.95% |
| Poolville | 2.90% | 3.23% | 3.92% | 4.53% | 6.11% |
| Springtown | 2.90% | 3.40% | 3.94% | 4.60% | 5.78% |
| Weatherford | 2.90% | 3.41% | 3.95% | 4.60% | 5.83% |
| Willow Park | 2.90% | 3.50% | 3.99% | 4.83% | 6.16% |
Housing Expenses in Parker County, Texas
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