Property Taxes
It’s no secret that the SALT tax, that $10,000 cap on state and local deductions on your federal tax return, hurt high-end real estate. Agent upon agent have told me that owners of homes valued at more than $1 million took a look at their tax returns this year and said, what happened? What happened […]
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Almost a year after voters approved a 13-cent property tax hike in a Tax Ratification Election, the Dallas ISD board of trustees will discuss reducing the rate this Thursday. In November, voters approved raising the rate from $1.04 to $1.17, the first increase since 2008. The agenda for Thursday’s regular meeting includes discussion of reducing […]
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Perhaps commercial property owners will soon be paying their fair share of property taxes if this news from the Dallas Central Appraisal District is any indication. Last June, I reported that HEB owned a block of Lemmon Avenue between Reagan and Throckmorton Streets that was to have been a new Central Market. Those plans shifted […]
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Easter is over, but we’re going to quote a rabbit anyway — if you’re waiting to file your homestead exemption for your property taxes, you may find yourself late, late, for a very important date.
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On the heels of the revelation that Dallas County is suing State Rep. Victoria Neave for more than $26,000 in late property taxes on her Abrams Road home, Richardson ISD has filed documentation that would bring Neave’s total delinquent tax tab to more than $50,000. The district filed an intervening motion March 1 that added […]
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Complaints about skyrocketing property tax bills are nothing new, but few people take the time to find out exactly what goes into that number. For many, fighting property taxes has not been a priority because they could ultimately write-off the amount on their income taxes. That changes this year. Under the guidelines of the Tax […]
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