Tuesday, August 9, 2022

Are You Benefiting From Property Tax Relief?

Over the next several weeks, property tax bills will arrive in Southlake homes.

“Now is the time to make sure you’ve got all of your exemptions in order,” said Sharen Jackson, Chief Financial Officer. “The City of Southlake offers homeowners a 20% homestead exemption, a senior tax freeze, and an over 65/disability exemption of $75,000. It’s quick and easy to make sure they are applied to your home.”

Southlake’s current property tax rate is $.462 per $100 valuation. Most of the rate ($.362) is used to support general city operations. The other portion of the rate ($.10) is used to make payments on debt that the City has issued to build roads, sidewalks and public facilities. The City tax rate constitutes about 19% of the total tax levy in Southlake (depending on the school district).

So how do you make sure you are receiving the homestead exemption? Just follow these steps:

Homestead Exemption Information













Property Taxes Explained
Property taxes – also called ad valorem taxes – are locally assessed. The City of Southlake, as one of the local taxing units, sets the City tax rate and collects property taxes based on the taxable value of properties within City boundaries. Taxable value is the appraised value less the value of the appraisal cap and locally approved exemptions.

The Tarrant Appraisal District appraises property located in Tarrant County and the Denton County Appraisal District appraises property in northern Southlake, which is located in Denton County.

If you have questions please call us at (817) 748-8345. If you prefer to contact your appraisal district directly, the numbers are below.

Tarrant County Appraisal District
2500 Handley Ederville Road
Fort Worth, TX 76118
(817) 284-0024

Tarrant County Tax Assessor/Collector
1400 Main Street, Suite 110
Southlake, TX 76092
(817) 481-8141

Denton Central Appraisal District
3911 Morse Street
Denton, TX 76202
(940) 566-0904

For more information about the City’s tax rate, please visit www.CityofSouthlake.com/TaxInformation.

Tax Relief Proposal Coming As Appraised Property Values Rise

The Tarrant County Appraisal District (TAD) sent notices of appraised values to property owners last week, based on market values as of January 1. Denton County values have been released as well.

Aggregate information is provided to the City by each appraisal district, with Tarrant County’s expected late April. City staff is currently developing a proposal for City Council to increase the homestead exemption, based on the preliminary values.

This is the first step for the City to establish the property tax revenue that will be used to develop the City’s FY 2017 budget.

Southlake’s expected increase is attributable to the increased value of existing residential and commercial property, as well as the value of new construction.

“We’re currently evaluating the information,” said Southlake’s Chief Financial Officer Sharen Jackson. “It’s too early to finalize our budget approach at this time, but the increase in property values is one of the factors considered when developing plans for property tax relief, and we are confident that economic growth will provide the opportunity for relief in the coming fiscal year.”

Since 2009 the City has implemented five tax relief initiatives (FY ’09, FY ’13, FY ’14, FY ’15 and FY ’16) focused on increasing the homestead exemption for residential property owners as new commercial properties have been developed.

“As Southlake’s commercial sector has grown, we have been able to more adequately balance the tax burden,” Jackson said. “We’ve moved from a 0% residential homestead exemption in 2008 to a 12% exemption adopted for the 2016 budget.”

Last year the City was able to return the increase in property values to homeowners through the adoption of a 12% exemption.

“We continue to build a growing City and have associated financial obligations. And, we’ve tried to limit debt through a pay-as-you go approach with certain infrastructure. But we are committed to balance needs with tax relief measures,” she said.

Staff will take a proposal to increase the homestead exemption to the Council in June.

City staff will work on the budget through the summer, finalizing it once certified values are received from each appraisal district, no later July 25. Public hearings on the budget will occur in late August and early September.

Second Half-Payment of Property Tax Due June 30

tarrantcountyProperty tax payers who chose to pay half their 2013 property taxes in November need to make their second payment by June 30.  This penalty and interest free option is available to taxpayers who made the first half payment on their property tax account by November 30 and designated a half payment at that time.

Payments may be made in person at the main office in Fort Worth or any of the 7 sub-courthouse locations, or by using one of the following options:

  • Online:  www.TarrantCounty.com/etax
  • Phone:  817-884-1110
  • Mail:  Checks/Cashier Checks/Money Orders are accepted by mail and must be postmarked on June 30, 2014 or before

Property tax payments may be made with Visa, MasterCard, and Discover online, over the phone and in person.

American Express cards are only accepted in person at one of our eight locations. All debit & credit card payments are assessed a convenience fee by the credit card companies.

Property Tax Half Payment Deadline November 30, 2013

Ron Wright, Tarrant County Tax Assessor-Collector, advises Tarrant County taxpayers that they have an option when paying property taxes.  Taxpayers may pay at least one-half of the property taxes by November 30,2013 with the balance due by June 30, 2014.  No penalty and interest will accrue on the second half until after June 30th.

The Tarrant County Tax Office sent property tax statements in early October.  By now all taxpayers should have received their statement.  If you have not received a statement, contact the Tax Office on the internet at www.TarrantCounty.com to print a statement or call 817-884-1100 to have a statement sent to you.  Failure to receive a notice does not invalidate the tax or penalty and interest.

If you do not opt to use the half payment method, you have until January 31, 2014 to pay the full amount of taxes to avoid penalty and interest.  Partial payments are accepted at any time after the statements have been mailed.

Taxpayers with an over 65 or disabled exemption may make equal quarterly payments with the first installment due by January 31, 2014.

Payments may be made in person at any of the 8 Tax Office locations.  Electronic checks and credit cards are accepted over the internet at www.TarrantCounty.com or by phone at 817-884-1110.  There is no additional charge for e-checks.  There is a charge for the use of credit cards that is payable directly to the credit card provider.

For more information contact Tarrant County Tax Assessor-Collector, Ron Wright at 817-884-1106.

Proposed Tarrant County Budget Has No Tax Rate Increase

The Tarrant County Commissioners Court was presented with a balanced budget proposal this morning, which would maintain the current tax rate. The total proposed budget is $532,128,951 with a tax rate of 26.4 cents per $100 valuation. Tarrant County taxes on a home with a value of $100,000 would be $264.

The proposed General Fund budget adds 9 new employment positions and includes a 3 percent merit-based salary increase for non-law enforcement employees. The proposal also includes funds for law enforcement step increases and implementation of a new salary structure.

Tarrant County’s tax rate is the second lowest when compared with the other five large urban counties in
Texas—Travis, El Paso, Harris, Bexar and Dallas Counties.

The Commissioners Court is scheduled to adopt the budget and set the tax rate on September 10.

Tax Office Will Be Closed June 12 For Training

The Tarrant County Tax Office will be closed on Wednesday, June 12, to allow for a Staff Development/Training day. We apologize for any inconvenience this may cause. You may renew your vehicle registration or pay your property tax on line at www.tarrantcounty.com.

Tarrant County Offers Electronic Tax Billing

Thursday afternoon (8/23/2012) Ron Wright, Tarrant County Tax Assessor-Collector, is pleased to announce that property taxpayers in Tarrant County may now receive their property tax bills electronically.  Taxpayers who request electronic bills will receive notice of tax bills by email.

 To receive your 2012 tax bill electronically you must register prior to September 15, 2012.  Electronic tax bills will be sent several days earlier than paper bills.  Registrations after September 15 will receive the October bill by mail, but subsequent tax bills will be delivered electronically.

 Taxpayers can register to receive tax bills by email on the Tarrant County Tax Assessor-Collector’s website, www.tarrantcounty.com/etax.   This new electronic billing procedure has been designed to deliver property tax bills in a manner that is much more convenient for property owners and more efficient and cost effective for Tarrant County.