Tax Information

The property tax is the City's primary source of revenue. The tax is expressed as a rate in dollars and cents per $100 of taxable value. For example, the 2022 tax rate is $0.245975, meaning 24.5975 cents per $100 of taxable property value. The City levies one uniform tax rate each year, however the amount any individual property owner will pay depends on the taxable value of their property. The University Park City Council sets the property tax rate each year during consideration of the City budget. The City Council adopted the Fiscal Year 2023 budget and 2022 tax rate on September 20, 2022.

Taxing Entities & Amounts

University Park is not the only taxing entity that appears on a resident's property tax bill. In fact, the City represents only 13% of the total property tax. The Highland Park Independent School District (HPISD), Dallas County, and several other taxing districts within the County also levy taxes on University Park residents.

The following chart shows that the school district collects approximately 56% of local property taxes. Much of the tax money collected by HPISD is sent to the State of Texas for distribution to other school districts.

Taxing Entity2022 Tax RatePercentage of Total Property Tax
HPISD$1.0778
56%
Dallas County$0.579645
31%
University Park$0.245975
13%