The Irving City Council adopts a tax rate for property taxes each September when the budget is approved. City property taxes are the primary funding source for many city services, such as police, fire, streets and parks.
Irving offers a 20% Homestead Property Tax Exemption to residential properties used as a primary residence. The city also provides tax relief for disabled and homeowners age 65 and older, but they must already qualify for a Homestead Exemption.
- Property Owner 65 or older – $50,000
- Disabled Person – $50,000
- Disabled Veteran – $12,000 maximum
These exemptions only affect Irving’s portion of a homeowner’s total property tax bill, which is approximately 25% of a property owner's overall tax bill.
PROPERTY TAX TIMELINE
- On Jan. 1, the value of property is established by the Dallas Central Appraisal District. An owner of a property may render their estimate of the value, or the Appraisal District will place an estimate on the tax roll. If the Appraisal District disagrees with the owner's estimate or increases the value of the property more than 10% over the prior year, a notice of value is sent to the property owner.
- Between Jan. 1 and April 30, exemption applications are processed by the Appraisal District.
- In July, the Appraisal District certifies final values to the city. In September, the City Council adopts a tax rate for the level of services requested to be provided and debt payments.
- On Oct. 1, tax bills are mailed to each property owner, mortgage company or agent. Taxpayers have until Jan. 31 of the following year to remit payment.
- On Feb. 1, taxes become delinquent and begin to accrue penalty and interest charges.
Visit CityofIrving.org/Property-Taxes for more information.