Real Estate News: Desoto Man Named to Real Estate Advisory Committee

Real EstateDallas ISD is holding public information meetings for a proposed Tax Ratification Election to be held in November, a Desoto man has been tapped by Governor Abbott for a spot on a real estate advisory committee, and we take a look at how the market did in the area in July in this week’s real estate news roundup.

DESOTO MAN NAMED TO GOVERNOR’S ADVISORY COMMITTEE

Troy Alley Jr. of Desoto was among three people named to the Real Estate Research Advisory Committee by Governor Greg Abbot, the governor’s office announced last week. Alley’s term will expire on Jan. 31, 2023.

“The committee reviews and approves proposals submitted to the board of directors of the Texas A&M University System relating to staffing and general policies of the Real Estate Center,” a press release from the governor’s office said. “The committee decides the priority ranking of research studies the center conducts.”

Alley is the executive vice president of Con-Real Support Group, and a division president of Real Estate & Capital Assets. He also is a member of the Appraisal Institute and holds a MAI designation. Alley received a Bachelor of Science in electrical engineering from the University of Arkansas, a Master of Business Administration in real estate from South Methodist University, and a certificate in Real Estate Development from the Massachusetts Institute of Technology.

DALLAS ISD BEGINS TRE PUBLIC MEETINGS

Dallas ISD has begun community meetings to inform families and property owners about learning opportunities in the district and provide details about the proposed Tax Ratification Election.

The community meetings began Aug. 7 at Thomas Jefferson High School, and the last two are as follows:

  • Tuesday, Aug. 14: L.G. Pinkston High School, 2200 Dennison St., 6 p.m.
  • Wednesday, Aug. 15: James Madison High School, 3000 Martin Luther King Jr. Blvd., 6 p.m.

Dallas ISD has maintained an M&O tax rate of $1.04 since 2008. If the board of trustees approves a TRE election, it is likely the ask would be to increase the M&O by 13 cents, to $1.17.

“This would raise property taxes for the average homeowner—which is a $185,000 home—by $20 a month,” an announcement from the district explained. “The TRE would not affect taxpayers 65 years or older or those who are disabled if they have a frozen tax levy.”

METROTEX RELEASES JULY HOME SALES NUMBERS 

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