The Park Cities.
Living in University Park, Texas
University Park pairs Highland Park ISD with a combined tax rate near 1.59%, one of the lowest totals in Dallas County.
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Why University Park
Dallas County
University Park is the larger of the two Park Cities, a 25,323-resident city (July 2025 Census estimate) surrounded by Dallas and home to SMU and the George W. Bush Presidential Center. Zillow's typical home value reached about $2.47 million in September 2026, up 8.7% over the year, and the Census Bureau puts the median owner-occupied home at $1,861,800. In October 2026, HAR showed homes for sale averaging $3.40 million at about $702 per square foot.
The lesson that matters most at this price is that the seller's tax bill is not your tax bill. Texas caps a homestead's taxable value increase at 10% a year, but the Dallas County Tax Office notes that the cap is removed when the property sells, so a buyer is taxed on full market value. On a $2 million purchase at about 1.59% combined, budget roughly $31,700 a year before exemptions, no matter what the listing's tax history shows.
Life in University Park




Photos via Wikimedia Commons. Dallas Hall at SMU: Carol M. Highsmith, Public domain · Caruth Park: Michael Barera, CC BY-SA 4.0 · University Park City Hall: Michael Barera, CC BY-SA 4.0 · Curtis Park: Michael Barera, CC BY-SA 4.0
The numbers
Schools, taxes, commute
University Park is served by Highland Park ISD, which reports more than 6,150 students on eight campuses: five elementary schools (Pre-K to 4), McCulloch Intermediate, Highland Park Middle School and Highland Park High School. A small area west of North Central Expressway falls in Dallas ISD, but it is not zoned residential. HPISD trustees cut the district's tax rate again for 2026-27, to $0.8128 per $100.
For tax year 2025, the city rate is $0.218565 per $100, Highland Park ISD is $0.8347 and Dallas County's county, Parkland Hospital and Dallas College rates add $0.534075, for about 1.59% combined. On a $2 million home that is roughly $31,700 a year, or about $2,650 a month, before exemptions. The state's $140,000 school homestead exemption and the city's 20% homestead exemption together trim about $2,000 a year at that price, so file your homestead the year you move in.
| Downtown DallasUS-75 (Central Expressway) or Dallas North Tollway, approximate off-peak | 10-15 min |
| DFW AirportNorthwest Highway and TX-114, approximate off-peak | 20-25 min |
| Legacy West, PlanoDallas North Tollway, approximate off-peak | 25-30 min |
Where University Park sits
Drive times, schools and shopping around it. Ask me for a tour of the area.
Being built now
On August 18, 2026, HPISD trustees adopted a 2026-27 rate of $0.8128 per $100, down from $0.8347, which the district says is a 32.4% reduction since 2017-18.[5]
HPISD's 2024 bond projects were reported 90% complete over the summer of 2026.[5]
Preservation Park Cities has been building a list of the most historically significant Park Cities homes since 2021, with most new additions expected from University Park. The board has discussed drafting local ordinances with more enforcement power.[6]
Where to look in University Park
Settling in to University Park
University Park is in Oncor's delivery area, so Oncor maintains the lines and you choose your own retail electric provider. Compare plans for your ZIP code on the state's official Power to Choose site before move-in day.[14]
The City of University Park bills water and runs its own sanitation and recycling service. Start or transfer service through the city's Utility Services page, or call the city at 214-363-1644.[15]
File Form 50-114 with the Dallas Central Appraisal District, online or by mail. DCAD notes filing is free, so there is no need to pay a company; the standard deadline is April 30 of the tax year. University Park also gives a 20% city homestead exemption once it is approved.[17]
Enroll through Highland Park ISD's enrollment page, which covers new-student registration and proof of residency. Call the district at 214-780-3000 to confirm the zoned elementary campus for your address.[19]
Register your vehicle with the Dallas County Tax Office within 30 days of moving, after a passing emissions inspection (required in Dallas County). You can drive on a valid out-of-state license for up to 90 days; book your Texas license visit with DPS early, since offices work by appointment.[20]
Before you buy or sell
Budget taxes on your purchase price, not the seller's bill: the 10% homestead cap is removed when a property sells. On a $2 million home at about 1.59%, plan for roughly $2,650 a month before exemptions. If you are considering a teardown, get a survey and confirm setbacks and city permit requirements before you price the rebuild.
In University Park the land often carries most of the value, so price your home against recent sales with a similar lot size and location, not just similar square footage. Before you spend on a remodel, ask whether your likely buyer is keeping the house or replacing it; if it is a builder or a rebuild buyer, a $150,000 kitchen will not come back to you. Clean, documented maintenance (roof, foundation, HVAC) helps both kinds of buyer.

See what clients say.
Read reviews from buyers, sellers and renters on Google, then ask me anything. I answer the same day, in English or Spanish.
Questions people ask about University Park
Is University Park a good place to live?
What school district is University Park in?
What are property taxes in University Park?
Why are so many older homes torn down in the Park Cities?
How long does it take to sell a home in University Park?
Your realtor in University Park
Buying or selling in University Park means knowing more than the city average. Homes here can fall in Highland Park ISD; combined 2025 tax rates run about 1.59% to 1.59% depending on the address, and communities like SMU and Bush Center area, Snider Plaza, Preston Center edge and Preston Hollow (Dallas) each behave like their own market.
As your University Park realtor I verify the school zoning, the full tax rate and any HOA, MUD or PID for every home before you write an offer, and I bring more than ten years of construction and remodeling experience to every inspection and pricing decision. I work from Formation at The Star in Frisco and help clients in English and Spanish.
Thinking about University Park?
Tell me what you're looking for and I'll come to the conversation prepared. Same-day response.
- Zillow Research, Home Value Index (ZHVI) city data, University Park TX, 2026-10
- HAR.com, University Park TX market overview, 2026-10
- U.S. Census Bureau QuickFacts, University Park city, Texas, 2026-10
- Dallas County Tax Office, 2025 tax rates, 2026-10
- People Newspapers, HPISD Trustees OK 2026-2027 Tax Rate (Aug 2026), 2026-10
- People Newspapers, Demolition of 1929 House Bolsters Call for Regulations (Oct 2023), 2026-10
- Highland Park ISD, district overview, 2026-10
- Dallas County Tax Office, Questions regarding a homestead cap, 2026-10
- Texas Comptroller, Property tax exemptions, 2026-10
- City of University Park, Tax Information (homestead exemption), 2026-10
- People Newspapers, Appetite for Destruction (Feb 2017), 2026-10
- Wikipedia, University Park, Texas (SMU, Bush Center, school zoning), 2026-10
- Republic Title, 2025 DFW Area Tax Rates, 2026-10
- Public Utility Commission of Texas, Power to Choose (Oncor delivery area, retail providers by ZIP), 2026-10
- City of University Park, Utility Services, 2026-10
- City of University Park, Sanitation and Recycling, 2026-10
- Dallas Central Appraisal District, homestead exemption filing is free, 2026-10
- Texas Comptroller, Form 50-114 Residence Homestead Exemption Application, 2026-10
- Highland Park ISD, Enrollment, 2026-10
- Texas DMV, New to Texas (30 days to register, emissions inspection), 2026-10
- Dallas County Tax Office, 2026-10
- Texas DPS, Moving to Texas (driver license), 2026-10
Figures change. Verify school zoning, tax rates and HOA or MUD fees for any specific address before you buy. Albert does this on every home he shows.