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Willow Park, Parker County, Texas Property Taxes

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Property Taxes in Willow Park, Texas

  • Median Willow Park, Texas effective property tax rate: 1.45%, significantly higher than the national median of 1.02%, and lower than the Texas state median of 1.48%.

  • Median Willow Park, Texas home value: $392,735

  • Median annual Willow Park, Texas tax bill: $5,439, $3,039 higher than the national median property tax bill of $2,400.

How are property taxes in Parker calculated?

Property taxes in Willow Park, Texas are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Willow Park's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Willow Park, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Willow Park, Parker County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.45%

Estimate Property Tax Bill

$5,695

$5,284

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Willow Park Property Tax Calculator Work?

Use this Willow Park property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Willow Park's median effective tax rate of 1.45% — based on actual property records in Parker County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Willow Park's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Willow Park: rates range from $4,843 in 76008 to $5,773 in 76087, primarily due to differences in school district levies and local assessment districts.

If your estimate is higher than expected, Ownwell can appeal your Willow Park assessment — you only pay if we save you money.

About Willow Park Property Taxes

About Property Taxes in Willow Park, Parker, Texas

Willow Park’s median effective property tax rate of 1.45% is lower than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Parker County base levy combined with local school district levies and Municipal Utility Districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Willow Park. Homeowners in the 76008 ZIP code carry a median effective rate of 1.50%, while those in 76087 pay 1.43%. This spread of 0.07 percentage points across the same city reflects how school district boundaries and local assessment districts are drawn across Parker County.

Willow Park homeowners who believe their assessed value is too high can file a formal appeal with the local Appraisal District before the May 15, 2026 deadline each year.

If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Willow Park, Parker County, Texas

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.

While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Willow Park's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

Property Tax Rates Across Willow Park, Parker County, Texas

Source: Ownwell

0.49%

1.05%

1.61%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Willow Park Tax Rate

1.45%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Parker County Tax Rate

1.24%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Willow Park, Parker County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
760080.29%0.97%1.50%2.08%2.19%
760870.53%0.98%1.43%1.76%2.19%

Source: Ownwell

Property Tax Assessment Values Across Willow Park, Parker County, Texas

When examining property taxes in Willow Park, Texas, understanding the distinction between "market value" and "assessed value" is crucial.

The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Parker County appraisal district estimates the market value for tax purposes.

The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In Parker County, assessment notices are sent in April each year. They'll typically reach your mailbox by the middle of April.

Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Willow Park.

For example, the median home price in Willow Park is $392,735, with tax bills ranging significantly across the county. 76087 has the highest median home price at $411,240.

Property Tax Assessment Values Across Willow Park, Parker County, Texas

Source: Ownwell

$82,235

$339,290

$596,345

Median Willow Park Market Value

$392,735

Median Parker County Market Value

$326,390

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

Property Tax Assessment Values Across Willow Park, Parker County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76008$75,582$155,655$357,090$395,240$420,360
76087$304,012$357,650$411,240$472,230$561,460

Source: Ownwell

Property Tax Bills Across Willow Park, Parker County, Texas

Property tax bills in Willow Park are based on a home’s assessed value, not its market price alone. Local taxing authorities apply their tax rates to that assessed value, so the final bill depends on both the valuation and the jurisdictions that tax the property. For homeowners, that means a higher assessed value can lead to a larger tax bill even when the home has not changed much.

In Parker County, the median home price is $392,735, and property tax bills vary widely. The 25th percentile bill is $2,901, while the 75th percentile is $7,611 and the 90th percentile reaches $9,172. The highest median tax bill in the area is $5,773 in ZIP code 76087, compared with $4,843 in ZIP code 76008. Compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400, many homeowners here face much higher costs.

Ownwell helps homeowners challenge unfair assessments and find savings on property tax bills.

Property Tax Bills Across Willow Park, Parker County, Texas

Source: Ownwell

$749

$4,539

$8,328

Median Willow Park Tax Bill

$5,439

Median Parker County Tax Bill

$3,309

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across Willow Park, Parker County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76008$397$1,255$4,843$6,694$8,585
76087$1,936$3,629$5,773$7,691$9,537

Source: Ownwell

Don't miss the deadline to protest!

Frequently Asked Property Tax Questions in Willow Park, Texas

How are property taxes calculated in Willow Park, Texas?
Property taxes in Willow Park, Texas are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Willow Park, Texas?
To appeal your property taxes in Willow Park, Texas, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Willow Park, Texas?
Common property tax exemptions in Willow Park, Texas include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Willow Park, Texas?
Property tax deadlines in Willow Park, Texas vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Willow Park, Texas?
Ownwell provides professional property tax appeal services in Willow Park, Texas. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.