The chief financial officer for the City of Dallas says property values in the city are up $16.9 billion from last year.
The chief financial officer for the City of Dallas says property values in the city are up nearly $17 billion from last year.
The increase of $16.9 billion is 8.5% higher than the 2023 total of $198.3 billion. Ireland said $5.1 billion of the increase is from new construction, and the rest comes from reappraisal increases. Ireland added,"As a reminder, our revenue increase from reappraisal will be capped at 3.5% regardless of growth in value because of state law."In Texas, a central appraisal district exists to provide a single-source valuation of real estate for taxing units that impose a property tax within a district. There is one appraisal district for each of the 254 counties in Texas, and they follow the same geographic boundary as the county, but they are not part of the county government.
Before the creation of the state's central appraisal districts in 1981, the taxing units would each file their own appraisals of personal property, and if a property owner wanted to protest that appraisal they had to protest each valuation separately.
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