Property Tax Rate
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…
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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…
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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…
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09/25 This story has been updated. Initially we said CM Tennell Atkins did not want to reduce the new city tax rate beyond the proposed 3-cent decrease; another CM reminded us that was inaccurate. Dallas City Council members deferred adoption of the city’s $4.51 billion budget Wednesday but approved several amendments, including an allocation to…
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The Dallas City Council voted Wednesday to approve the first reading of a proposed $4.51 billion budget based on a property tax rate of 74.58 cents per $100 assessed valuation. A second reading of the budget, required by law, is set for Sept. 21. The 2023 fiscal year begins Oct. 1. The budget includes the following…
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