DeerParkPropertyTaxStatistics
DeerParkPropertyTax
Deer Park Property Taxes areexplodingatarate muchfaster thanCPI+population growth.Between 2003and2023, Deer Parkpropertytaxesgrew by316%whileCPI+populationgrewatonly80%.Stateddifferently,therateofpropertytaxgrowthwas295%fasterthantherateofpopulation+CPI.
Deer Park property taxes per capita are favorable to peer Texas cities. Deer Park per capita property taxes grew from $255/ person to $939/ person between 2003 and 2023, a 268% increase. Socorro exhibited 347% between 2003 and 2023. Per capita property taxes from 2003 to 2023 grew by 290%inCibolo,104%inHarkerHeightsandLufkingrewby87%.
TexaspropertytaxrateshavefinallybeguntocompressduetoSB2passedin2019.DeerParkpropertytaxratesincreasedfrom70%in2003to72% in2023,itincreasedto3%.Taxratesdecreased24%inHarkerHeights,and14%inLufkinduringthesameperiod.However,Socorroincreasedby48% to70%,andCiboloincreasedby29%to48%.
RisingcountyassessmentsforDeerParkpropertymaycausetaxincreasestopersistinrisingevenwithtaxratecompression.
Howcanpropertyownerstakeaction?Appealyourpropertytaxeseveryyear About60to80%oftaxappealsaresuccessful.HarrisCountyAppraisal Districtpropertyownerswhoappealedtheirpropertytaxesin2021savedabout$662millioncollectively
