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Friday, November 15, 2024

Analysis: Dallas County effective property tax rate outpaced the national average in Q1 2023

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Property owners in Dallas County paid 2.6% of the value of their homes in property taxes in the first quarter of 2023, which is more than 2.4 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 first quarter of 2023 was $194,290, based on data from the 4,713 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 2.4 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 Wilmer, Cockrell Hill, and Sachse paid the highest rates.

The following table compares Wilmer with some other cities belonging to Dallas County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2023.

CityQ1 2023 SalesQ1 2023 Median PriceMedian tax 2023Effective tax rate
Wilmer4$7,500$2,36231.5%
Cockrell Hill6$95,360$3,8784.1%
Sachse29$228,370$8,0583.5%
Mesquite299$153,800$5,1363.3%
Cedar Hill126$189,370$6,1063.2%
Duncanville91$172,020$5,4663.2%
Farmers Branch65$223,510$7,0743.2%
Garland581$184,430$5,9203.2%
DeSoto148$210,180$6,5283.1%
Richardson241$262,580$8,1083.1%
Rowlett132$243,260$7,5853.1%
Balch Springs50$130,525$3,9223%
Coppell69$399,380$12,1023%
Dallas2,083$182,070$5,4573%
Grand Prairie255$173,950$5,1673%
Lancaster77$174,280$5,2923%
Seagoville19$136,920$4,0673%
Sunnyvale4$378,260$11,3863%
Carrollton73$245,560$7,0122.9%
University Park38$1,369,770$39,6092.9%
Addison30$381,935$10,5122.8%
Irving243$222,130$6,2522.8%
Glenn Heights24$202,500$5,5262.7%
Highland Park21$1,711,000$46,5362.7%

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