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Sunday, November 17, 2024

Dallas County effective property tax rate in Q3 2022 was higher than the national average

Realestate2

Property owners in Dallas County paid 2.6% of the value of their homes in property taxes in the third quarter of 2022, which is more than 2.3 times the national average, according to the real estate analysis posted by the SE Dallas News.

The median sales price of a Dallas County home in the third quarter of 2022 was $198,970, based on data from the 6,152 properties sold during that time. In 2020 the median tax bill for the county was $5,114, which is 2.6% of the median value of the homes that were taxed.

This is 2.3 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Dallas County real estate data showed homeowners in Balch Springs, Highland Park, and Sachse paid the highest rates.

The following table compares Balch Springs with some other cities belonging to Dallas County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2022.

CityQ3 2022 SalesQ3 2022 Median PriceMedian tax 2022Effective tax rate
Balch Springs61$107,520$3,6853.4%
Highland Park20$1,306,995$43,7283.3%
Sachse52$239,385$7,5723.2%
Lancaster101$160,960$4,9733.1%
Mesquite493$155,520$4,8263.1%
Farmers Branch74$223,000$6,6473%
Garland732$185,570$5,5633%
Richardson307$252,400$7,6193%
Rowlett212$239,955$7,1273%
University Park40$1,228,795$37,2193%
Addison34$339,505$9,8782.9%
Cedar Hill129$198,490$5,7382.9%
DeSoto162$211,100$6,1342.9%
Carrollton135$232,260$6,5892.8%
Duncanville108$185,325$5,1372.8%
Grand Prairie302$171,630$4,8552.8%
Cockrell Hill2$136,090$3,6442.7%
Coppell109$418,340$11,3722.7%
Irving285$217,310$5,8752.7%
Sunnyvale10$393,665$10,6992.7%
Dallas2,714$197,310$5,1272.6%
Seagoville31$149,510$3,8222.6%
Hutchins7$105,270$2,5972.5%
Glenn Heights22$224,605$5,1932.3%
Wilmer9$168,650$2,2201.3%

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