Along with hail and high winds, spring regularly brings another unwelcome event in North Texas – annual property tax appraisals. And with soaring home values,...
North Texas home sales prices rose by an average 18% in 2021, which will fuel bigger property tax bills this year.Along with hail and high winds, spring regularly brings another unwelcome event in North Texas – annual property tax appraisals.
On average, D-FW single-family homeowners got hit with a $5,817 property tax bill in 2021, compared with $3,785 nationwide. Looking at North Texas counties, homeowners in Collin County had the biggest average property tax bills last year at $7,107. Since home tax appraisal increases typically lag spikes in home values, D-FW homeowners are almost guaranteed higher tax expenses for 2022.
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