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Monday, September 30, 2024

Analysis: Dallas County effective property tax rates outpaced the national average in Q1

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Property owners in Dallas County paid 3% of the value of their homes in property taxes in the first quarter of 2024, which is more than 2.7 times the national average, according to the real estate analysis posted by NE Dallas News.

The median sales price of a Dallas County home in the first quarter of 2024 was $201,640, based on data from the 5,065 properties sold during that time. In 2024, the median tax bill for the county was $6,136, 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 Cockrell Hill, Highland Park, and Mesquite paid the highest rates.

The above article calculates the effective property tax rate for 2024 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 Cockrell Hill with some other cities belonging to Dallas County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2024.

CityQ1 2024 SalesQ1 2024 Median PriceMedian tax 2024Effective tax rate
Cockrell Hill2$94,790$4,0114.2%
Highland Park24$1,373,865$48,1413.5%
Mesquite323$153,330$5,3133.5%
Sachse53$248,810$8,3363.4%
Seagoville23$124,250$4,2073.4%
Cedar Hill131$192,800$6,3173.3%
Grand Prairie259$161,330$5,3453.3%
Sunnyvale7$356,260$11,7793.3%
University Park42$1,241,335$40,9753.3%
Wilmer10$73,690$2,4443.3%
Duncanville69$177,350$5,6553.2%
Farmers Branch69$225,670$7,3183.2%
Garland605$190,000$6,1243.2%
Lancaster102$169,275$5,4753.2%
Richardson234$264,635$8,3883.2%
Rowlett147$248,560$7,8463.2%
Coppell94$406,940$12,5203.1%
DeSoto138$217,070$6,7533.1%
Glenn Heights21$188,240$5,7173%
Hutchins2$96,370$2,8593%
Irving228$214,110$6,4683%
Balch Springs32$137,715$4,0572.9%
Dallas2,313$203,220$5,6452.8%
Addison30$399,500$10,8752.7%
Carrollton98$264,855$7,2532.7%
Wylie4$240,370$3,2501.4%

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