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Friday, November 15, 2024

Dallas County effective property tax rate in Q4 2023 was higher than the national average

Realestate5

Property owners in Dallas County paid 3% of the value of their homes in property taxes in the fourth quarter of 2023, which is more than 2.7 times the national average, according to the real estate analysis posted by SE Dallas News.

The median sales price of a Dallas County home in the fourth quarter of 2023 was $200,000, based on data from the 4,764 properties sold during that time. In 2023, the median tax bill for the county was $5,932, which is 3% of the median value of the homes that were taxed.

This is 2.7 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 five cities paid the highest tax rate of 3.3%.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2020 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

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

CityQ4 2023 SalesQ4 2023 Median PriceMedian tax 2023Effective tax rate
Duncanville60$166,195$5,4663.3%
Lewisville4$266,715$8,7303.3%
Mesquite299$154,630$5,1363.3%
Richardson216$246,975$8,1083.3%
University Park50$1,193,285$39,6093.3%
Garland612$183,710$5,9203.2%
Grand Prairie258$160,295$5,1673.2%
Cedar Hill112$195,820$6,1063.1%
Cockrell Hill4$123,535$3,8783.1%
Lancaster89$173,090$5,2923.1%
Addison25$346,540$10,5123%
Rowlett121$251,640$7,5853%
Sachse33$266,320$8,0583%
Sunnyvale11$383,750$11,3863%
Carrollton122$240,610$7,0122.9%
DeSoto126$222,760$6,5282.9%
Farmers Branch74$241,055$7,0742.9%
Coppell72$425,040$12,1022.8%
Balch Springs24$144,690$3,9222.7%
Dallas2,169$200,470$5,4572.7%
Irving218$227,395$6,2522.7%
Seagoville24$156,330$4,0672.6%
Glenn Heights9$219,280$5,5262.5%
Highland Park25$2,255,470$46,5362.1%
Hutchins3$156,480$2,7631.8%
Wilmer2$138,225$2,3621.7%

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