Individual property tax bills may increase, decrease or remain the same depending on changes in the property’s value and the exemptions that are in place. Visit www.tarranttaxinfo.com to see how your estimated tax bill from the city and other taxing entities compares to last year’s tax bill.
In 2022, to offset rising property values, the City Council increased the homestead exemption to 20%, which is the maximum allowed by state law. This, coupled with a reduction in the property tax rate, meant most property owners saw a reduction in the city portion of their tax bill in 2022. A further reduction of the city's property tax rate in 2023 means city tax bills will be reduced again this year for most property owners.
If you benefit from the senior/disabled tax freeze, your bill is calculated each year at the current rate and compared to the amount you were billed in the year your taxes were frozen. You are billed the lower of the two.
Have questions about what you previously paid in taxes? Look up your tax payment history online.