Property Tax
We’ve received several questions regarding how Proposition 4, the Texas constitutional amendment that gave property owners the largest tax break in history, will affect homeowners’ 2023 property tax bill. The deadline to pay property taxes for 2023 is Jan. 31, 2024. While property taxes are pretty cut and dried for many homeowners, home buyers, and…
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Ballots are in, and it’s no surprise that Texans overwhelmingly approved Proposition 4. The Texas constitutional amendment allows the state to spend $18 billion on property tax cuts for homeowners and businesses and cut school districts’ tax rates. About 2.26 million Texans showed up at the polls Tuesday, and Proposition 4 garnered 83.82 percent of…
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When Texas lawmakers announced in August that the House and Senate finally reached an agreement on the largest property tax cut in Texas history — to the tune of $18 billion — residents of the Lone Star State weren’t quite ready to do a victory dance. Perhaps that’s because they knew they’d still have to…
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The Dallas City Council on Wednesday adopted a $4.89 billion budget based on a property tax rate of 73.57 cents per $100 assessed valuation. Mayor Eric Johnson reminded the council he was elected to serve the entire city and said for that reason he could not support the budget. Council members Cara Mendelsohn, Paul Ridley,…
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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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