Tarrant County Residential Values Increase 8.5%
Property tax assessments for homes were increased by 8.5% for tax year 2021, based on a review of 141,905 homes valued by Tarrant Appraisal District. Homes valued at $1 million or higher had the largest increases, average 11.8% higher than 2020. Review of 141,905 homes valued at $300,000 or indicates an increase in assessed value of $68.0 billion, up 8.5% from 62.7 billion in 2021. Total property taxes for 2021 for homes valued over $300,000 would total $143 million, based on a 2.7% tax rate before considering homestead exemptions. Tarrant has 4,032 homes valued at $1 million or higher. They are valued at $8.5 billion in 2021, up from $7.6 billion in 2020. Values were increased for 3,004 homes, reduced for 1,003 homes and remained flat for 25 homes. Homes valued at $300,000 to 500,000 increased from 35.5 billion in 2020 to 38.5 billion in 2021, an 8.4% increase. Of the 90,924 in this price range, values were increased for 68,783, reduced for 16,778 and remained fl...