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Southlake, Tarrant County, Texas Property Taxes

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Property Taxes in Southlake, Texas

  • Median Southlake, Texas effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, and lower than the Texas state median of 1.48%.

  • Median Southlake, Texas home value: $1,117,548

  • Median annual Southlake, Texas tax bill: $13,633, $11,233 higher than the national median property tax bill of $2,400.

How are property taxes in Tarrant County calculated?

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

Last Updated April 13, 2026

Southlake, Tarrant County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.22%

Estimate Property Tax Bill

$13,634

$12,652

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Southlake Property Tax Calculator Work?

Use this Southlake property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Southlake's median effective tax rate of 1.22% — based on actual property records in Tarrant 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 Southlake'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 Southlake: rates range from 1.22% in 76092 to 1.22% in 76092, primarily due to differences in school district levies and local assessment districts.

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

About Southlake Property Taxes

About Property Taxes in Southlake, Tarrant, Texas

Southlake’s median effective property tax rate of 1.22% is lower than the Texas state median of 1.48% and higher than the national median of 1.02%. This rate reflects the Tarrant 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 Southlake. Homeowners in the 76092 ZIP code carry a median effective rate of 1.22%, while those in the same ZIP area also pay 1.22% at the low end. This reflects how school district boundaries and local assessment districts are drawn across Tarrant County. Understanding which part of Southlake you live in can make a meaningful difference to your annual tax bill.

Southlake 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 above 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 Southlake, Tarrant 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 Southlake'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 Southlake, Tarrant County, Texas

Source: Ownwell

1.08%

1.62%

2.16%

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 Southlake Tax Rate

1.22%

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 Tarrant County Tax Rate

1.52%

Median Effective Texas Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Southlake, Tarrant County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
760920.71%1.01%1.22%1.41%1.79%

Source: Ownwell

Property Tax Assessment Values Across Southlake, Tarrant County, Texas

When examining property taxes in Southlake, 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 Tarrant 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 Tarrant County, assessment notices are sent in the spring 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. For Southlake homeowners, the median home price is $1,117,548, and the median tax bill is $13,633, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400. In 76092, the highest median home price is $1,117,548.

Property Tax Assessment Values Across Southlake, Tarrant County, Texas

Source: Ownwell

$29,160

$1,515,580

$3,002,000

Median Southlake Market Value

$1,117,548

Median Tarrant County Market Value

$303,590

Median Texas Market Value

$258,851

Median United States Market Value

$235,294

Property Tax Assessment Values Across Southlake, Tarrant County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76092$698,532$903,476$1,117,548$1,473,968$1,979,636

Source: Ownwell

Property Tax Bills Across Southlake, Tarrant County, Texas

Property tax bills in Southlake are based on the assessed value of a home and the local tax rates set by taxing authorities in Tarrant County. When a property’s market value rises, the assessed value can increase too, which often leads to a higher tax bill. For homeowners, that means a larger annual expense even when nothing about the home has changed. The median home price in Southlake is $1,117,548, and the median property tax bill is $13,633, well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.

Tax bills can vary widely, with the 25th percentile at $10,041 and the 75th percentile at $18,784. Ownwell helps homeowners challenge unfair assessments and pursue exemptions that may lower their property tax bills. By reviewing your property’s assessed value and identifying savings opportunities, Ownwell can help reduce what you owe and keep more money in your pocket.

Property Tax Bills Across Southlake, Tarrant County, Texas

Source: Ownwell

$1,758

$18,522

$35,286

Median Southlake Tax Bill

$13,633

Median Tarrant County Tax Bill

$4,642

Median Texas Tax Bill

$3,441

Median United States Tax Bill

$2,400

Property Tax Bills Across Southlake, Tarrant County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76092$5,997$10,041$13,633$18,784$25,942

Source: Ownwell

Don't miss the deadline to protest!

Frequently Asked Property Tax Questions in Southlake, Texas

How are property taxes calculated in Southlake, Texas?
Property taxes in Southlake, 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 Southlake, Texas?
To appeal your property taxes in Southlake, 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 Southlake, Texas?
Common property tax exemptions in Southlake, 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 Southlake, Texas?
Property tax deadlines in Southlake, 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 Southlake, Texas?
Ownwell provides professional property tax appeal services in Southlake, 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.