When did the $140,000 Texas school homestead exemption take effect?

Tax year 2025, not 2026. Texas SB 4 raised the school district homestead exemption from $100,000 to $140,000 and it applied to tax years beginning January 1, 2025. Voters confirmed it as Proposition 13 on November 4, 2025. It was already reflected on 2025 tax bills, and applies to every school district in Collin, Dallas, Denton and Tarrant counties.

Which DFW cities are in two counties?

Southlake, Westlake, Trophy Club, Flower Mound and Roanoke all straddle the Tarrant and Denton county line. The tax difference is significant because Tarrant County's county-wide stack totals 0.489980 per $100 (county, JPS Health Network, Tarrant County College and Tarrant Regional Water District) while Denton County's is 0.185938 with no hospital or college district. On a $3,000,000 Westlake home in Carroll ISD the difference is about $9,121 per year.

What is the 2025 Southlake property tax rate?

The City of Southlake 2025 tax rate is 0.295000 per $100 with a 20% homestead exemption. Carroll ISD is 0.929400 per $100 with a $140,000 state homestead exemption. Most of Southlake is in Tarrant County, which adds a county-wide stack of 0.489980.

What is the 2025 Flower Mound homestead exemption?

20%. The Flower Mound Town Council voted unanimously on June 16, 2025 to raise the town's homestead exemption from 12.5% to 20%, the maximum allowed for a Texas municipality, effective on 2025 tax bills. Because the change was made mid-year, some published rate tables still list the older 12.5% figure.

What is the 2025 Colleyville homestead exemption?

14%. Colleyville City Council approved a 7 point increase on June 3, 2025, raising the city's homestead exemption from 7% to 14% for 2025 residential property taxes. The City of Colleyville 2025 tax rate is 0.311931 per $100.

Do Dallas ISD and Highland Park ISD have extra homestead exemptions?

Yes. Dallas ISD adds a 10% local optional homestead exemption on top of the $140,000 state exemption, and Highland Park ISD adds 20%. No Collin County or Denton County school district does this. On a $1,234,567 home in Dallas ISD the total school exemption is $263,456, which is $140,000 plus 10% of the value.

Why does a MUD matter so much on a Texas property tax bill?

MUD, PID and water district rates in the DFW area range from about 0.068 to 1.20 per $100. Collin County Water District #3 is 0.893700, which costs $8,937 per year on a $1,000,000 home, more than that home's Frisco ISD line. There is no public map of MUD boundaries, so an address lookup cannot reliably identify them. Newer developments usually have one.

North Dallas Enclave, Park Cities Adjacent

Preston Hollow

Dallas's Most Storied Estate Enclave

Six miles north of downtown Dallas, Preston Hollow has drawn the city's most established families since the 1920s — sprawling estate lots, rolling, tree-canopied streets unusual for North Texas, and a private-school corridor few Dallas neighborhoods can match. For buyers evaluating the $1.5M+ tier, Preston Hollow isn't a neighborhood you shop for a house in. It's an Enclave you match your life to first.

Start Your Lifestyle Audit Selling in Preston Hollow?

Section 01

Favorite Preston Hollow Video

Section 02

Explore the Enclaves, Schools, and History of Preston Hollow

Preston Hollow began as farmland along Preston Road, patented to the Lively, Howell, and Meaders families in the 1850s. Developer Ira P. DeLoache purchased the first 56 acres in 1924 and platted the lots that became Old Preston Hollow, and residential development accelerated through the 1930s and '40s under architects like Charles Dilbeck. The neighborhood incorporated as its own town in 1939 and voted to join the City of Dallas in 1945 — but the character that made it worth incorporating in the first place never left.

Unlike Highland Park's incorporated 2.2 square miles, Preston Hollow has been part of the City of Dallas since 1945, which means Dallas ISD zoning and city services rather than a standalone municipal government — paired with the same estate-lot scale, mature tree canopy, and one of the country's most concentrated private-school corridors alongside it.

Use the menu above to jump straight to the pocket of the neighborhood, school corridor, or history you're most curious about.

Section 03

If You Are Interested in Preston Hollow, You Will Be Interested in Working with Dana Pollard Group

We don't just find you a listing in Preston Hollow. We match you to the right pocket of the neighborhood first, then protect that decision at every step. Our Lifestyle Audit, Asset Protection Protocol, and Market Velocity Check are built specifically for a market this layered, where a 1930s estate and a 2020s rebuild can sit on the same block.

Start Your Lifestyle Audit Selling in Preston Hollow?

Section 04

Featured Homes in Preston Hollow

Section 05

Signature Enclaves of Preston Hollow

Old Preston Hollow

The neighborhood's original core, platted in the 1930s and bounded by Walnut Hill Lane, Preston Road, Northwest Highway, and Midway Road. Nicknamed "the honeypot" locally, known for traditional estates set well back from the street.

Mayflower Estates

A secluded pocket of architect-designed modern and estate homes reached by narrow, gated streets — among the most private addresses in the neighborhood.

Strait Lane & Bluffview

Home to some of Preston Hollow's largest and most architecturally significant estates, including the 25-plus-acre Crespi/Hicks Estate.

Walnut Hill to Forest Lane

An estate corridor that has drawn renewed attention in recent years for its distinguished, larger-format homes.

Preston Hollow East

Established mid-century traditional homes on a more accessible scale than the Old Preston Hollow core, without leaving the neighborhood's boundaries.

Section 06

Today's New Preston Hollow Listings and MLS Status Changes

Section 07

Life in Preston Hollow

Preston Hollow's amenity base blends easy retail with genuine privacy: Preston Hollow Village, Preston Center Pavilion, and The Plaza at Preston Center cover everyday shopping and dining, while NorthPark Center and Highland Park Village are minutes away for anything more.

The neighborhood's wooded creeks, small lakes, and rolling terrain are unusual for North Texas and give many streets a canopy and topography closer to New England than to a flat North Texas grid. Downtown Dallas and the Arts District are roughly 8 minutes away, and DFW International Airport is about 15 minutes — a rare combination of estate-lot scale and true urban proximity.

Shopping district near Preston Hollow, TX

Preston Center's shopping district

Tree-lined residential street in Preston Hollow, TX

Tree-lined residential streets throughout Preston Hollow

NorthPark Center, minutes from Preston Hollow

Wooded creek and pond in Preston Hollow, TX

A wooded creek and pond within the neighborhood

Section 08

Dana Pollard Group Insights of Preston Hollow

A Century of Architecture Means Condition Varies Block by Block

Preston Hollow's building stock spans 1930s Charles Dilbeck estates, mid-century modern work, and contemporary rebuilds — often on the same street. That range is part of the neighborhood's character, but it also means a beautiful facade can hide very different levels of deferred maintenance depending on when and how a specific home was last touched.

Public Zoning and the Private-School Corridor Are One Decision, Not Two

Most relocating families treat "which school district" and "which private schools are nearby" as separate questions. In Preston Hollow they're the same question — Dallas ISD zoning and a genuinely dense cluster of independent schools sit inside the same few square miles, and the right answer depends on your family's priorities more than the neighborhood's reputation.

Section 09

History of Preston Hollow

Farmland Along Preston Road

Preston Hollow's land traces to the 1850s, patented out of the Peters Colony land grants to the Lively, Howell, and Meaders families. It remained farmland for decades before residential development began in earnest in the 1920s.

Old Preston Hollow Takes Shape

In 1924, developer Ira P. DeLoache purchased the first 56 acres and platted the lots that became Old Preston Hollow, working alongside Al Joyce. Architect Charles Dilbeck designed many of the neighborhood's defining estates through the 1930s and '40s.

Incorporation, Then Annexation

Preston Hollow incorporated as its own town in 1939. In 1945, residents voted to join the City of Dallas, folding the neighborhood into Dallas ISD and city services rather than remaining a standalone municipality — the same era Highland Park chose the opposite path and stayed independent.

A Legacy of Architectural Range

Later decades brought mid-century modern work from architects including Harwell Hamilton Harris and Edward Durell Stone, and more recently contemporary design from architects including Richard Meier — giving Preston Hollow a building history few single-decade subdivisions can match.

Section 10

Sold MLS Homes in Preston Hollow

Schools

Dallas ISD Zoning & the Private-School Corridor

Most Preston Hollow addresses are zoned to Dallas ISD, with Preston Hollow Elementary serving the core of the neighborhood. Because DISD zoning can shift block by block, we confirm the exact zoned school for any specific property before you tour, not after. Preston Hollow also sits inside one of the most concentrated private-school corridors in Dallas — all within a few minutes of the neighborhood:

St. Mark's School of Texas

The Hockaday School

Episcopal School of Dallas

Greenhill School

Jesuit College Preparatory School of Dallas

Ursuline Academy

Parish Episcopal School

Market Snapshot

A Wider Range Than a Single Enclave

Preston Hollow's inventory spans a wider range than most single-enclave markets — small cottages sit within blocks of multi-acre estates, and true large-acreage properties are scarcer than the neighborhood's reputation suggests, with most lots in the roughly half-acre to two-acre range. Pricing generally tracks with Highland Park on a per-square-foot basis, but across a much wider spread of lot sizes and home ages, which rewards buyers who know exactly which pocket and lot profile they're targeting.

The DPG Difference

From Transaction to Strategy

We don't just find you a listing in Preston Hollow. We match you to the right pocket of the neighborhood first, then protect that decision at every step.

Lifestyle Audit

We map your priorities (Old Preston Hollow's established prestige vs. Mayflower Estates' seclusion, public DISD zoning vs. the private-school corridor) before we ever start touring.

Asset Protection Protocol

An on-site field team vets each property's actual condition, critical in a market where a 1930s estate and a 2020s rebuild can sit on the same block.

Market Velocity Check

A real-time read on what's actually available versus what's likely to sit, so your offer strategy is built on current conditions, not the neighborhood's legend.

The Acquisition

Confident, decisive action once the right property in the right pocket surfaces, because in Preston Hollow, true estate-lot inventory doesn't sit for long.

Boutique North Texas Brokerage $1.5M+ Tier Specialists Lifestyle Architect & Asset Strategist Methodology

Frequently Asked Questions

Preston Hollow, Answered

What school district serves Preston Hollow, TX?

Most of Preston Hollow is zoned to Dallas ISD, with Preston Hollow Elementary serving the core of the neighborhood. Because DISD zoning can vary block by block — and many families in the neighborhood choose from its dense cluster of private schools instead — we confirm the exact zoned or preferred school for any specific property before you tour.

Is Preston Hollow a good fit for relocating families?

Preston Hollow suits families prioritizing estate-lot scale, mature tree canopy, and proximity to Dallas's private-school corridor, alongside genuine walkable retail at Preston Center and NorthPark minutes away — a different profile than Highland Park's smaller, fully built-out footprint or North DFW's newer-construction suburbs.

How big is Preston Hollow, and what are typical lot sizes?

Preston Hollow spans a wide area of North Dallas roughly bounded by Northwest Highway, Royal Lane, Hillcrest Road, and Midway Road. Most lots run from about half an acre to two acres; true multi-acre estates exist but are less common than the neighborhood's reputation implies.

How far is Preston Hollow from downtown Dallas?

About 6 to 8 miles, roughly an 8-minute drive to the Dallas Arts District depending on traffic and the exact address.

What's the difference between Preston Hollow and Highland Park for a relocating family?

Both sit in the same $1.5M+ North Dallas tier, but Highland Park is a fully built-out, independently incorporated city with its own school district, while Preston Hollow is part of Dallas proper, with Dallas ISD zoning alongside one of the country's most concentrated private-school corridors. Which one fits depends on whether your family prioritizes a self-contained municipality and school district or a wider range of lot sizes, architecture, and school options — part of what our Lifestyle Audit is designed to surface before you commit to either market.

Does Preston Hollow have HOA fees or MUD/PID taxes?

As an established Dallas neighborhood annexed since 1945 rather than a newer planned development, most Preston Hollow properties do not carry MUD or PID assessments, though some enclaves have an active neighborhood association. We verify this for any specific property before you make an offer.

Ready When You Are