According to a recent report from CoreLogic, home prices in the Dallas-Fort Worth Metroplex increased by nearly 4 percent from February 2018 to February 2019.
In the State of Texas, Fort Worth took home first prize as the municipality where home prices increased the most during that span with 5.7 percent increase. Not a prize to be proud of, necessarily.
This is nothing new. We have seen home prices increase since the Great Recession. While price increases certainly aren’t fun for home buyers, they haven’t stopped the Dallas-Fort Worth area from being one of the hottest relocation destinations in the United States
Tarrant Tax Appraisal District Doing Its Thing
What is unsettling is that local municipalities continue to abuse this housing boom and overall strong economy to inflate property values when it comes to tax appraisal time.
In a recent story by the Fort Worth Star-Telegram, Tarrant County chief appraiser Jeffrey Law was quoted that 2019 tax values would most likely increase 7 to 10 percent.