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Updated 2025 Tax Year

Parker County
Property Tax Guide

Everything you need to know about property taxes in Parker County, TX. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
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Quick Facts
Tax Rate
2.5-3.5% effective rate (varies by taxing districts - school, municipal, county, special districts)
1st Due
Jan 31
Exemptions
5+ Available
Section 1

How Property Tax Works

Parker County property taxes are administered through a system that funds essential local services including schools, county operations, municipal services, and various special districts. Property owners pay taxes based on their property's assessed value multiplied by the combined tax rates of all applicable taxing jurisdictions. The effective tax rate in Parker County typically ranges from approximately 2.5% to 3.5% of assessed value, depending on your specific location within the county.

Tax rates vary significantly by location within Parker County because properties may be subject to different combinations of taxing entities, including school districts, municipalities, water districts, hospital districts, and other special purpose districts. For example, properties within city limits pay both county and municipal taxes, while rural properties typically pay only county and school district taxes. The Parker County Central Appraisal District determines property values, while individual taxing entities set their own tax rates annually based on budget requirements and state-mandated formulas.

Section 2

What Makes Up Your Tax Bill

FY 2025-2026 Tax Rates (per $100 of assessed value):

ComponentRateDescription
Parker County$0.285070County general operations, road maintenance, law enforcement
School DistrictsVariesIndependent school district operations (rates vary by district)
City of Parker$0.310439Municipal services for incorporated areas
Special DistrictsVariesWater districts, hospital districts, emergency services districts
Combined Rate Range~$2.50-$3.50Total rate depends on specific taxing districts at your location

Note: The combined rate shown is approximate and varies significantly based on your property's location within Parker County. Some properties may be subject to multiple special district taxes, while others may have fewer taxing entities. Contact the Parker County Central Appraisal District for your specific tax rate combination.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Parker County, property taxes are due in two installments:

First Installment
Jan 31
Delinquent after Dec 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Parker County are additional property tax bills issued when there are changes to a property's assessed value or ownership during the tax year. Common triggers include new construction completion, property improvements exceeding $5,000, ownership transfers that remove existing exemptions, or correction of assessment errors. When a supplemental assessment occurs, the additional tax is calculated by applying the current year's tax rate to the difference between the new and previous assessed values.

For example, if you complete a home addition worth $50,000 in March and your combined tax rate is 3.0%, you would receive a supplemental tax bill for approximately $1,500 ($50,000 × 0.03) prorated for the remaining months of the tax year. The supplemental tax becomes due immediately upon issuance and follows the same penalty schedule as regular property taxes if not paid timely.

Example Calculation

Property Tax Calculations for FY 2025-2026:

Example 1: $300,000 Home with Homestead

  • Market Value: $300,000
  • Less: Homestead Exemption: $100,000 (school district)
  • Net Taxable Value: $250,000 (county), $200,000 (school)
  • Combined Tax Rate: ~2.8%
  • Annual Tax: ~$6,720
  • Monthly Escrow: ~$560

Example 2: $600,000 Home with Homestead

  • Market Value: $600,000
  • Less: Homestead Exemption: $100,000 (school district)
  • Net Taxable Value: $550,000 (county), $500,000 (school)
  • Combined Tax Rate: ~3.1%
  • Annual Tax: ~$16,550
  • Monthly Escrow: ~$1,379

Example 3: $1,000,000 Home with Homestead

  • Market Value: $1,000,000
  • Less: Homestead Exemption: $100,000 (school district)
  • Net Taxable Value: $950,000 (county), $900,000 (school)
  • Combined Tax Rate: ~3.2%
  • Annual Tax: ~$30,400
  • Monthly Escrow: ~$2,533

Note: These calculations are estimates. Actual rates depend on your specific taxing districts and require application for homestead exemption.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Parker County require borrowers to maintain an escrow account for property tax payments, particularly for loans with less than 20% down payment. Your lender collects approximately 1/12th of your estimated annual property tax bill with each monthly mortgage payment, then pays your taxes directly to Parker County when due. Lenders typically conduct annual escrow analyses to adjust monthly payments based on actual tax bills and any changes in assessed value.

Property taxes in Parker County become due October 1st and are delinquent if not paid by January 31st of the following year. Lenders usually pay taxes in December or January to ensure timely payment and avoid penalties. If your tax bill changes significantly due to reassessment or rate changes, your lender may require an escrow shortage payment or adjust your monthly payment accordingly. You can verify that your lender has paid your taxes by checking with the Parker County Tax Office or reviewing your annual escrow statement.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Parker County for FY 2025-2026? A: Property taxes become due October 1, 2025, and are considered delinquent if not paid by January 31, 2026. Interest and penalties begin accruing February 1st.

Q: What homestead tax credits are available and do I need to apply? A: The primary benefit is the homestead exemption (removes $100,000 from school district taxable value) and the 10% assessment increase cap. Both require filing an application with Parker County Central Appraisal District by April 30th of the tax year. This is NOT automatic.

Q: How does the homestead cap work? A: The homestead cap limits annual increases in your property's assessed value to 10% for county and school taxes, regardless of market value increases. This caps assessment growth but doesn't reduce market value. You must apply and qualify for homestead exemption to receive this benefit.

Q: Are there other tax credits available? A: Yes, including over-65 exemptions, disability exemptions, veteran exemptions, and agricultural/timber exemptions. All require separate applications and qualification. Contact Parker County Central Appraisal District for specific requirements and deadlines.

Q: How do I appeal my property assessment? A: File a protest with the Parker County Appraisal Review Board by May 31st (or within 30 days of receiving your notice). You can protest online, by mail, or in person.

Q: What are the penalties for late payment? A: Delinquent taxes accrue 6% interest immediately, plus additional penalties of up to 18% annually. Attorney fees and court costs may also apply for severely delinquent accounts.

Q: Can I pay my property taxes online? A: Yes, Parker County offers online payment options through their official website. Credit card processing fees may apply. Contact the Parker County Tax Office for current payment methods.

Q: Why did my tax bill increase when tax rates didn't change? A: Tax bills can increase due to rising property values, completion of new construction, loss of exemptions, or changes in special district taxes. The 10% homestead cap only applies if you have filed for and received homestead exemption status.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
Frequently Asked Questions - CivicPlus.CMS.FAQparkertexas.us
02
Frequently Asked Questions - CivicPlus.CMS.FAQparkertexas.us
03
Tax Doc
Notice About 2025 Tax Ratesparkercountytx.gov
04
Tax Doc
Business Personal Property Rendition of Taxable Propertycomptroller.texas.gov
05
Tax Doc
96-1717 Handbook of Texas Property Tax Rulescomptroller.texas.gov
06
Frequently Asked Questions - CivicPlus.CMS.FAQweatherfordtx.gov
07
Residence Homestead Exemption Affidavits - Texas Comptrollercomptroller.texas.gov
08
Residence Homestead Exemptions - Texas Comptrollercomptroller.texas.gov
09
Application for Residence Homestead Exemptioncomptroller.texas.gov
10
County
Parker County, Texasparkercountytx.gov
All sources verified as of 2025 Tax Year

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