Financial Highlights

Property Tax

The largest share of property tax collected goes to one of three Independent School Districts (ISDs) serving Irving residents: Irving ISD, Carrollton-Farmers Branch ISD or Coppell ISD. Other taxing authorities include the city, Dallas County, School Equalizations, Parkland Hospital and the Dallas County Community College.

FY22 Total Property Tax Bill Breakdown

Based on Average Single-Family Taxable* Home Value of $220,694 with a 20% Homestead Exemption

*The average Irving homeowner will pay $1,048.91 per year, or $2.87 per day in city property taxes. Average taxable value based on tax rate/$100 valuation. Homeowners age 65+ or with proof of disability qualify for a $45,000 exemption off their residence’s taxable value.

RESERVE REQUIREMENTS City Reserves

The city has a Fund Balance Policy to target a minimum General Fund balance for operations that is 30% of annual revenues. This financial policy ensures an adequate fund balance in operating funds to maintain liquidity, as well as provide the city with capital in the event of unexpected financial impacts, such as economic downturns and natural disasters.

As of Sept. 30, 2022, the city has a general fund reserve rate of 38%. 38%

The Average Taxable Value for an Irving Home is $220,694 with an Average Market Value of $281,434