2015 Appraisals Are Out and Residential Property Owners Got Nailed

DCAD on the road1

May 1 means one thing in our household: a not so happy face. That’s because DCAD valuation change notices are sent out May 1, and hit the mailboxes shortly thereafter.

Did you taxes go up? Need a forum to gripe? We’d love to hear from you at Candy’sDirt.com.

According to Cheryl Jordan at the Dallas Central Appraisal District, notices were mailed out May 1 like clockwork and should begin hitting area mailboxes as early as yesterday or today.

Or you can check out your values on line:

More than 50% of the residential properties will see an increase in value (hence be charged more taxes) while just 25% of the commercial properties were increased.

Here’s the notice stats supplied by Cheryl Jordan at the Dallas Central Appraisal District;

DCAD2015

All properties must be reappraised every three years, but may be reappraised every year.

Oh and this is how DCAD checks your home out from the street to see the condition, repairs, and any upgrades you may have made. I caught the Digital Image Makers on Northaven last week. Glad I haven’t replaced my roof yet! Whew! Anyhow, got your tax statement yet? Our Tax Doctor Rob Wheelock will be in the house starting today with any tax questions you may have. My question: why do the residential property owners in Dallas bear more of the tax burden? Is it because the commercial owners fight harder to keep their appraisals down? And if you this truck on your street, you know what they are up to… according to Jason Wheeler at WFAA-TV, these photos won’t be used until next year at DCAD:

 

DCAD on the road 2

 

12 Comment

  • My taxes are up 27% in past two years…and I’ve not seen any DCAD drones flying by my windows to assess my home’s condition. They must “scientifically” guess. Time for my annual protest. Candy’s right, commercial fights harder…residential needs to fight too.

  • I’m in Collin County, and my appraisal has gone up 10% — the capped maximum — each year for the past two years in a row. My taxes have gone up that amount as well.

    Thankfully, I sold the house and the next owners can deal with it.

  • I am a realtor and live in Frisco, Collin County and I don’t want to hear any complaints on this one. Your property values also increased by a huge leap. You can’t have it both ways. I moved here to put my daughter in these schools 15 years ago and she is about to graduate and attend Baylor. I have been more than happy with our schools, our roads and our community and it’s a lot cheaper than paying for private school.

    • mm

      I wouldn’t either if I lived in Frisco. But try living in Dallas County with pot holes, a school district in constant turmoil so you have to shell out $20k a year for private school IF your kid gets in, and high taxes. No wonder we are losing growth to the suburbs.

  • I think Sherry and Candy both have good points about their respective cities. I do have a thought about commercial, however. Could it be that it’s much more difficult to know the terms of these large commercial transactions than it is residential ones? It’s not too difficult to figure out what the house sold for, even in a nondisclosure state, but try figuring out the terms of these huge transactions like when the Galleria sold, or some of the downtown office towers.

  • California does many things wrong these days but they got one thing right…Proposition 13. Your property taxes are set at the purchase price and never increase, unless you buy another property. Seniors and those on fixed incomes don’t have to sell their homes in order to pay property taxes later in life.

    • I meant to state that the taxes are set at the time of purchase as a percentage of the price, currently 1% in most areas.

      • True, but California has one of the highest state income tax rates. For most people reading this blog ($50-250,000 income bracket), the tax rate is 9.3%. An effective tax rate (minus deductions) might take that down to ~4%, which is still ~$4,000 for every $100,000. As much as I hate Texas property taxes, they could be worse (they could also be much better). Especially as Candy says, in Dallas there’s little evidence of where the money goes (basic services and infrastructure are hardly top-notch). I’d feel better if I received value for my money.

  • We have lived in the L Streets of Lake Highlands for almost 6 years. We got nailed this year with our appraisal for 2015. Houses larger than ours were appraised less than ours. The only difference between their property and ours is we are on a corner lot. However, the neighbors behind us bought their house completely flipped, when it was a foreclosure. I am not sure if their property could hurt our protest because ours has only been semi-dated. Should I mention that our gutters are falling off along with our siding having several dents?