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Dallas Property Taxes: Pick Me Up Off The (Poor) Floor

Posted on October 7th, 2009 8:59am by Candy Evans
Filed under Changing market trends in Real Estate, Real Estate, Realtor News

taxbill Oh. My. God. I don’t get it. Property values nosedive, property taxes go up. Is there some math lesson here I’m missing?

9 Comments to “Dallas Property Taxes: Pick Me Up Off The (Poor) Floor”

Dilligas @ October 7th, 2009 at 9:52 am

Not a math lesson but a life lesson: “the tax man cometh, always”. I have a feeling that for tenured homeowners, it is the limit on increases in the appraised value from year to year is the reason why taxes can go up when values go down. Either way, it is nice to know the government is getting its fair share, and then some.
Bob Loblaw @ October 7th, 2009 at 9:58 am

If it hasn’t already, I think if may have a genuine negative effect on the local economy. My wife and I could easily afford a much nicer house, but we simply don’t want to pay the astonishing annual property taxes for the rest of our lives. For the houses we might consider, it could easily be $1000 a month in taxes, which is just unreasonable. We can’t be the only people declining to trade-up.
Stephen @ October 7th, 2009 at 11:03 am

What I don’t understand is why the bill I received yesterday is a higher than my 2009 certified estimated taxes located at dallascad.org…anyone know how that works? My value didn’t change this year…
Someone else @ October 7th, 2009 at 2:30 pm

@Stephen – it’s probably because the tax rates have changed and DCAD may not have updated their website. DCAD is not the taxing authority. They simply set the property values. Each individual taxing district sets their own tax rate and uses the value x the rate to determine the actual tax bill.
Grumpy Demo @ October 7th, 2009 at 3:35 pm

How do you think the City of Dallas is paying for the maintenance of the AT&T Arts Center?
Lydia @ October 7th, 2009 at 4:12 pm

This is why we have no state income tax. All those folks moving here from California (where they have an income tax but low property taxes) get a great big sticker shock at the closing table when they see the pro-rated taxes.
But don’t forget, we can pay our taxes with a credit card and earn airlines miles. I don’t think you get to do that with your income taxes
in dallas @ October 7th, 2009 at 6:52 pm

It could be worse–In New Jersey property taxes are nearly as high and there is a state income tax. Also properties are not appraised on an annual basis–some homeowners saw their taxes triple this year even though the value went down–the town had not appraised in several years.
confused_as_well @ October 7th, 2009 at 9:43 pm

Notice how 2009 tax rates for DISD and county are higher than last year and then there seems to be a new taxing entity called SCH EQUAL (#?!). I did not see these tax rates increase announced anywhere, have you?
Stephen @ October 8th, 2009 at 12:39 pm

@Someone else…thank you for the explanation.