Denton County Residential Values Increase 11.5%
Property tax assessments for homes were increased by 11.5% for the tax year 2021, based on a review of 136,150 homes valued by the Denton Appraisal District. Homes valued at $1 million or higher had the largest increases, an average of 14% higher than 2020. Review of 136,150 homes valued at $300,000 or indicates an increase in assessed value of $56.16 billion, up 11.3% from 62.55 billion in 2021. Total property taxes for 2021 for homes valued over $300,000 would total $1740.9 million, based on a 2.7% tax rate before considering homestead exemptions. Denton has 3,168 homes valued at $1 million or higher. They are valued at $3.7 billion in 2021, up from $3.2 billion in 2020. Values were increased for 2,591 homes, reduced for 542 homes, and remained flat for 35 homes. Homes valued at $300,000 to 500,000 increased from $32.92 billion in 2020 to $36.57 billion in 2021, an 11.0% increase. Of the 96,838 in this price range, values were increased for 90,281, reduced for 5,917 and remained fl