Property Taxes
The Fed slashes interest rates in response to coronavirus, Texas ranks high in 2020 property tax bills, and the local housing market continued its record-breaking streak last year, all in this week’s roundup of real estate news. Federal Reserve Slashes Rates To Bolster Economy In an emergency decision, the Federal Reserve made a rare emergency…
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It’s no secret that the SALT tax, that $10,000 cap on state and local deductions on your federal tax return, hurt high-end real estate. Agent upon agent have told me that owners of homes valued at more than $1 million took a look at their tax returns this year and said, what happened? What happened…
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It’s that not-so-wonderful time of year when property tax bills start hitting our mailboxes. At the time of this writing, tax statements have been mailed in Dallas, Collin, and Tarrant Counties. Bills are being posted daily from other counties and from other taxing authorities including school districts, community colleges, cities, improvement districts, etc. To get…
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Almost a year after voters approved a 13-cent property tax hike in a Tax Ratification Election, the Dallas ISD board of trustees will discuss reducing the rate this Thursday. In November, voters approved raising the rate from $1.04 to $1.17, the first increase since 2008. The agenda for Thursday’s regular meeting includes discussion of reducing…
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Allen Gwinn is a number cruncher. Or a gadfly. Or a muckraker/local political analyst. By day, he teaches at SMU School of Business as a Professor of Practice. Basically a detailed data miner, he has taught information technology at SMU Cox School of Business for 30 years. For years, Gwinn also ran a popular website called Dallas.org,…
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