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Old 03-22-2012, 03:50 PM
 
Location: Dallas, TX
8 posts, read 11,478 times
Reputation: 15

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We have been looking at houses in the park cities and noticed that the tax rates listed on dallascad are no higher than what we pay in the Richardson ISD (city of Dallas), yet I've heard that taxes in that area are higher. Am I missing something? Other than property values being higher, thereby causing taxes to be higher it seems as though the rates are identical or lower than other school districts. Any thoughts/help/information is appreciated.

Thanks
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Old 03-22-2012, 03:56 PM
 
3,029 posts, read 6,911,016 times
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You answered your own question. Property taxes are higher because property values (and assessed values) are higher. If the tax rates are the same, that can be the only reason.
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Old 03-22-2012, 04:34 PM
 
11,672 posts, read 21,240,989 times
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Quote:
Originally Posted by robertcut View Post
We have been looking at houses in the park cities and noticed that the tax rates listed on dallascad are no higher than what we pay in the Richardson ISD (city of Dallas), yet I've heard that taxes in that area are higher. Am I missing something? Other than property values being higher, thereby causing taxes to be higher it seems as though the rates are identical or lower than other school districts. Any thoughts/help/information is appreciated.

Thanks
Tax rates are actually among the lowest in DFW because all components (Dallas county, town of HP/UP, and HPISD) carry a 20% homestead exemption. The size of the actual tax bill is another thing considering median values are just over/under $1M.
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Old 03-23-2012, 08:11 AM
 
Location: Dallas, TX
8 posts, read 11,478 times
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Thanks for the replies. Given that some properties in our neighborhood are $600K and higher, it just seemed as though something was missing if taxes on a similar home in UP are lower than what we pay in our area.
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Old 03-23-2012, 08:17 AM
 
Location: DFW - Coppell / Las Colinas
29,930 posts, read 34,535,636 times
Reputation: 35923
Quote:
Originally Posted by robertcut View Post
Thanks for the replies. Given that some properties in our neighborhood are $600K and higher, it just seemed as though something was missing if taxes on a similar home in UP are lower than what we pay in our area.
You can go to the Dallas County Appraisal district website and look at your neighbors taxes. You might see something that helps reduce your taxes.
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Old 03-24-2012, 08:09 AM
 
2,695 posts, read 3,600,830 times
Reputation: 1555
Quote:
Originally Posted by robertcut View Post
We have been looking at houses in the park cities and noticed that the tax rates listed on dallascad are no higher than what we pay in the Richardson ISD (city of Dallas), yet I've heard that taxes in that area are higher. Am I missing something? Other than property values being higher, thereby causing taxes to be higher it seems as though the rates are identical or lower than other school districts. Any thoughts/help/information is appreciated.

Thanks
It's deader than say, pre-80's party rap, but Park Cities property taxes are some of the lowest in DFW. However the homes are some of the most expensive so you generally hear numbers like 17-20k for a million dollar home. But if you found that mythical $500,000 starter home you'd be paying much less in taxes for that than the same home in Dallas proper.

Look up DCAD, you can see what EVERYONE is paying in taxes- or pull up the almanac and you can go down entire blocks. Love the anonymity of the internet.
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