To calculate your taxes under any of the posted tax rates:
Tax Rate x Net Taxable Value ÷ $100 = Tax Bill
- Average Residential Tax Bill:(2022) .495726 Tax Rate x $265,968 Taxable Value ÷ $100 = $1,318.47 Tax Bill
- Average Residential Tax Bill:(2021) .552000 Tax Rate x $240,452 Taxable Value ÷ $100 = $1,327.30 Tax Bill
More information about your specific property tax impact for all taxing entities can be found at Tarrant Tax Info.
Senior Tax Freeze
In 2004, the City of Bedford adopted an ordinance that establishes an ad valorem tax limitation, otherwise known as a Senior Tax Freeze, for homeowners age 65 years or over and their spouses, in accordance with the Texas Constitution and the Texas Tax Code
For property tax accounts that have an 'Over-65' exemption, your Tax Bill is capped at a maximum amount.
This simply means should the City of Bedford adopt a tax rate that exceeds the prior year's tax rate, or if your taxable value exceeds the prior year's value, it will have NO EFFECT on an Over-65 Tax Bill. That particular tax bill will remain unchanged from the year that bill initially qualified for the Senior Tax Freeze.
For example, here's a sample Over-65 Tax Bill that is capped at $600.00:
- YEAR 1 - $0.569000 Tax Rate X $105,448 Taxable Value ÷ $100 = $600
- YEAR 2 - $0.569000 Tax Rate X $115,993 Taxable Value ÷ $100 = $660 ($600 capped)