Property Taxes
Texas rises to the top again — this time, when it comes to high taxes. According to a new study by WalletHub, Texas ranks sixth-highest for real estate taxes in the country. It’s no wonder then, that more than 60 tax-related bills sit before the Texas legislature now. Worth noting: the WalletHub study cites Republican…
On November 29 I read a story in the Fort Worth Star-Telegram about a bill before the Texas Legislature (SB 2) to stanch the tax increases felt across the state by homeowners. I decided to read further and downloaded the 90-page interim report by the Senate Select Committee on Property Tax Reform & Relief that’s the…
As if the doom and gloom from the almost-over election isn’t bad enough, the city of Dallas has an economic crisis brewing that will most likely mean higher property taxes in the future. How would that affect our local real estate market? I was speaking to a prominent agent last week about the sticker shock…
Some media is spreading news that the Dallas City Council is raising taxes in it’s new budget, which they will dissect Wednesday around the horseshoe. But that is not entirely accurate, says Councilwoman Jennifer Gates: they are actually lowering our tax rate, by about a penny. But you will pay more in taxes, because higher…
The next time you walk into Lowe’s and they ask if they can help you, you might say, “Yeah, pay your fair share.” Big-box retailers are trying a new-fangled strategy to lower their property taxes, and in some states, it is working. It’s called the “dark-store” strategy, borrowing a commercial real estate term that means…
