My Tax Dollars
Property tax in Texas is a locally assessed and administered tax, which means there is no state property tax. In Flower Mound, residents' property tax dollars are used for a variety of quality services from the Town, including police, fire, streets, utilities, parks and recreation, and much more. Currently the property tax rate in Flower Mound is $0.4050 per $100 valuation. Rates from other municipalities, including Denton County, Tarrant County, and Lewisville ISD, may also be added to your overall property tax rate. To see current tax rates for each municipality, please visit our Tax Rates page.
In Texas, homestead exemptions remove part of your home's value from taxation, essentially lowering your taxes. In 2018, the Flower Mound Town Council approved the Town's first homestead tax exemption equal to the greater of $5,000 or 2.5% of value. In 2021, the Town Council voted to double the exemption to equal to the greater of $5,000 or 5% of value, and in June of 2022, the Town Council again doubled the exemption equal to the greater of $5,000 or 10% of value. Residents will see the new 10% exemption take effect on their 2022 property tax bill.
To calculate your estimated tax payment for the 2022 tax year, use our My Tax Dollars calculator. Please note, since Flower Mound's property tax rate is not yet set for the 2022-2023 fiscal year, the calculator is not exact. However, Flower Mound's property tax rate for the 2022-2023 fiscal year is not expected to increase.
Apply for the Homestead Exemption
To qualify for the general residence homestead exemption, you must have an ownership interest in the property and use the property as your principal residence. Once you receive the exemption, you do not need to reapply unless the chief appraiser sends you a new application. To apply for a homestead exemption, you must submit an Application for Residential Homestead Exemption and supporting documentation to the appraisal district where your property is located. If you live in Flower Mound, that is either the Denton County Appraisal District or the Tarrant County Appraisal District.