Property Tax Rate
The New Year’s Day after a Texas legislative session means some new laws in the Lone Star State, with more than a couple dozen going into effect. While most of what lawmakers passed last session related to housing and real estate came into force in September (we paid a good deal of attention to this…
Property tax collections are coming front and center in Texas this holiday season as state officials make calls to drastically reduce them even further, spurring concerns about the practical consequences. The feeling that property taxes are too high is a very common one in the Lone Star State. It’s literally one of those 80/20 issues,…
Dallas City Council members submitted 63 amendments last week to City Manager T.C. Broadnax’s proposed $4.63 billion budget in an effort to provide more efficient services and further cut the property tax rate. Budget and tax rate adoption is set for Sept. 20. During Wednesday’s meeting, there were amendments to amendments, and the conversation got…
Dallas City Council members haggled over budget amendments Wednesday and even agreed on a few during a seven-hour briefing. The most significant of the six amendments, approved in a straw vote Wednesday, was submitted last minute by District 7 Councilman Adam Bazaldua and therefore was not included in the council agenda packet. Amendment 28A represents about…
North Texas residents who purchased a home in the past few years have likely experienced a fair amount of sticker shock when it comes to their property tax bill. As home prices have increased in response to record demand and low inventory, so have property taxes. In a study produced by ConstructionCoverage.com, data shows that…
