Tarrant County Appraisal District is responsible for accurately valuing the houses in Tarrant County.  Overall the average value is close to 100%.  The median defines the number for which an equal number of records are above and below this level.  The median assessed value in 2020 in Tarrant County for houses is 98.02%, based on a ratio study of 2019 and 2020 29,851home sales prepared by O’Connor.

Most Houses are Not Valued Accurately in Tarrant County

Many houses are well above or well below this level.  There were a total of 29,851 houses in the study.  Of these, 12,458 houses (41.7%) were assessed at more than 100% and 17,393 of houses (58.2%) were assessed below 100%.  The range of errors is large.  For example, there are 3,168 houses (10.6%) assessed at more than 110% of market value and 1,250 houses (4.1%) valued by Tarrant County Appraisal District above 120%.  In fact, an incredible, 708 houses were assessed at more than 130% of market value!  That’s right,708, or 2.3% of the houses in the sample were assessed at more than 30% in excess of the fair market value based on a recent sale. 

How Can You Make Sure You Are Not Overtaxed?

Tarrant County property owners are strongly encouraged to reduce their property taxes by appealing property taxes annually.  There is no cost to file a protest with the Tarrant County Appraisal District.  The normal protest deadline is May 15th.  There are many advantages to appealing property taxes including 1) reducing your property taxes about 60 to 70% of the time, 2) obtaining the Tarrant County Appraisal District hearing evidence file to determine if your property is accurately described and 3) staying current with the true value of your home based on reviewing comparable sales in the Tarrant County Appraisal District evidence package.

No-Risk Option for Tax Appeals; Pay Only for Results

Alternatively, O’Connor can protest your property taxes without any upfront fee or cost.  The only fee is a part of the savings in years we successfully protest your property taxes. O’Connor is the largest property tax consultant in the U.S., helping the owners of over 205,000 properties to reduce their property taxes annually. “Residential property tax appeals with no upfront fees or costs, Click here”

For information on the property tax savings generated by tax appeals of Tarrant County Appraisal District valuations, “Tarrant County Appraisal District facts and figures, click here”