Home | State Tax Profiles | Tax Calendar | Locations | POER Connect Login | Client Connect Login

Property Tax Values Rise in Dallas County

by Ken Parsons, Senior Vice President, Dallas, September 2014

 

The total taxable value of land, buildings and business personal property in Dallas County, Texas increased $10.9 billion to a total of $175 billion in 2014. The finalized certified tax roll reflects growth averaging more than 6% countywide and even more impressive growth in a number of local cities (See chart below).

 

Successful Appeals

 

The certified rolls for Dallas County were $7.3 billion less than preliminary values released in May, due to successful appeals by property owners.

 

Under the state's "equal and uniform" rule, taxpayers are entitled to have their property valued at an amount comparable to other similar properties. Defenders of the provision say it prevents unfair disparity in taxation.

 

Even after all the successful appeals, commercial values still rose 9.6% countywide and residential values rose 5.6%.

 

Taxes Going Up

 

Property tax bills are based on the valuation of property and the tax rate of local government entities. If values increase, tax bills will also go up unless the tax rate is reduced. Neither the Dallas City Council, nor the County Commissioners Court is contemplating a lower tax rate this year.

 

"The taxing entities will be quite pleased with the increase they will see," Dallas Central Appraisal District spokeswoman Cheryl Jordon told The Dallas Morning News. "We are just reflecting what is going on in the marketplace. The buyers and sellers are the ones that determine that market."

 

Cities That Exceeded Dallas County's
6.65% Average Taxable Value Growth

Lewisville

27.48%

Wilmer

12.50%

Lancaster

11.78%

Hutchins

10.46%

Grapevine

9.79%

Farmers Branch

9.64%

Wylie

9.47%

Addison

9.04%

Coppell

8.89%

Sachse

8.28%

University Park

7.61%

Highland Park

7.08%

Grand Prairie

6.92%

Irving

6.83%