Property taxes and municipal fees are significant expenses for multifamily owners. Cities and school districts annually enact new tax rates and fees. These new rates and fees are effective October 1. Below is a quick summary of Fiscal Year 2023 taxes and fees for the largest cities in Tarrant County.
Arlington Population: 392,790 Tax Rate (per $100 valuation): $0.5998 Annual Per Unit Inspection Fee: $13.80 Water Rate (per 1,000 gallons): $3.76
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Bedford Population: 49,190 Tax Rate (per $100 valuation): $0.4957 Annual Per Unit Inspection Fee: $15 Water Rate (per 1,000 gallons): $4.44
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Burleson Population: 51,620 Tax Rate (per $100 valuation): $0.6572 Annual Per Unit Inspection Fee: none Water Rate (per 1,000 gallons): $4.76
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Euless Population: 60,500 Tax Rate (per $100 valuation): $0.4600 Annual Per Unit Inspection Fee: $10 (capped at $1,200) Water Rate (per 1,000 gallons): $6.03
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Fort Worth Population: 935,500 Tax Rate (per $100 valuation): $0.71250 Annual Per Unit Inspection Fee: $13 Water Rate (per 1,000 gallons): $2.69
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Grand Prairie Population: 197,000
Tax Rate (per $100 valuation): $0.6649 Annual Per Unit Inspection Fee: $12.60 Water Rate (per 1,000 gallons): $5.42
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Grapevine Population: 50,875 Tax Rate (per $100 valuation): $0.2717 Annual Per Unit Inspection Fee: $0 Water Rate (per 1,000 gallons): $4.07
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Haltom City Population: 45,750 Tax Rate (per $100 valuation): $0.6081 Annual Per Unit Inspection Fee: $14 Water Rate (per 1,000 gallons): $6.00
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Hurst Population: 40,055 Tax Rate (per $100 valuation): $0.6140 Annual Per Unit Inspection Fee: $18 Water Rate (per 1,000 gallons): $7.32
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Keller
Population: 45,400 Tax Rate (per $100 valuation): $0.3545 Annual Per Unit Inspection Fee: none Water Rate (per 1,000 gallons): $3.53
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Mansfield Population: 74,370 Tax Rate (per $100 valuation): $0.6800 Annual Per Unit Inspection Fee: $15.00 Water Rate (per 1,000 gallons): $2.61
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North Richland Hills Population: 70,210 Tax Rate (per $100 valuation): $0.5479 Annual Per Unit Inspection Fee: $12 Water Rate (per 1,000 gallons): $3.19
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