Considering Richardson, North Dallas or East Dallas: Tax comparisons? (Fort Worth: new home, neighborhoods)

[greendoor678]

We are considering moving to North Dallas, Richardson or East Dallas. I've read a few posts here that mention being hit with significantly higher city and county taxes.

A little about our situation:
We currently live in Denton county and realize our taxes are lower "out here." Our budget for a new home is under $250K, so we realize we are limited on good options in these neighborhoods.

I want to eliminate looking in certain areas if they are well-known for having more taxes.

We are fairly inexperienced home buyers, as we are still in our first home so forgive me if my post sounds incredibly naive.

Thanks!

[bencronin04]

Stolen from another thread:

Originally Posted by ObamneyI

2012 tax rates taxing jurisdictions
combined city school county city school county
Addison 2.51% .58% 1.29% .64% Addison Dallas ISD Dallas
Allen 2.55% .55% 1.67% .33% Allen Allen ISD Collin
Argyle 2.16% .40% 1.48% .28% Argyle Argyle ISD Denton
Arlington 2.59% .65% 1.30% .64% Arlington Arlington ISD Tarrant
Azle 2.48% .65% 1.19% .64% Azle Azle ISD Tarrant
Balch Springs 2.87% .80% 1.42% .64% Balch Springs Mesquite ISD Dallas
Bartonville 1.96% .19% 1.48% .28% Bartonville Argyle ISD Denton
Bedford 2.55% .50% 1.41% .64% Bedford Hurst-Euless-Bedford ISD Tarrant
Benbrook 2.62% .66% 1.32% .64% Benbrook Fort Worth ISD Tarrant
Carrollton 2.59% .62% 1.33% .64% Carrollton Carrollton-Farmers Branch ISD Dallas
Cedar Hill 2.78% .70% 1.44% .64% Cedar Hill Cedar Hill ISD Dallas
Celina 2.61% .65% 1.64% .33% Celina Celina ISD Collin
Cockrell Hill 2.76% .82% 1.29% .64% Cockrell Hill Dallas ISD Dallas
Colleyville 2.32% .36% 1.32% .64% Colleyville Grapevine-Colleyville ISD Tarrant
Coppell 2.73% .67% 1.42% .64% Coppell Coppell ISD Dallas
Copper Canyon 2.04% .30% 1.45% .28% Copper Canyon Lewisville ISD Denton
Corinth 2.56% .61% 1.67% .28% Corinth1 Lake Dallas ISD Denton
Crowley 2.98% .67% 1.67% .64% Crowley Crowley ISD Tarrant
Dallas 2.73% .80% 1.29% .64% Dallas Dallas ISD Dallas
Dalworthington Gardens 2.20% .26% 1.30% .64% Dalworthington Gardens Arlington ISD Tarrant
Denton 2.50% .69% 1.53% .28% Denton Denton ISD Denton
DeSoto 2.84% .76% 1.44% .64% DeSoto DeSoto ISD Dallas
Double Oak 1.96% .22% 1.45% .28% Double Oak Lewisville ISD Denton
Duncanville 2.81% .74% 1.43% .64% Duncanville Duncanville ISD Dallas
Euless 2.52% .47% 1.41% .64% Euless Hurst-Euless-Bedford ISD Tarrant
Fairview 2.22% .36% 1.54% .33% Fairview Lovejoy ISD Collin
Farmers Branch 2.50% .53% 1.33% .64% Farmers Branch Carrollton-Farmers Branch ISD Dallas
Flower Mound 2.19% .45% 1.45% .28% Flower Mound Lewisville ISD Denton
Fort Worth 2.82% .86% 1.32% .64% Fort Worth Fort Worth ISD Tarrant
Frisco 2.25% .46% 1.46% .33% Frisco Frisco ISD Collin
Garland 2.60% .70% 1.25% .64% Garland Garland ISD Dallas
Glenn Heights 2.88% .80% 1.44% .64% Glenn Heights DeSoto ISD Dallas
Grand Prairie 2.78% .67% 1.47% .64% Grand Prairie Grand Prairie ISD Dallas
Grapevine 2.31% .35% 1.32% .64% Grapevine Grapevine-Colleyville ISD Tarrant
Haltom City 2.73% .65% 1.44% .64% Haltom City Birdville ISD Tarrant
Heath 2.20% .34% 1.47% .39% Rockwall Rockwall ISD Rockwall
Hickory Creek 2.38% .42% 1.67% .28% Hickory Creek Lake Dallas ISD Denton
Highland Park 2.00% .22% 1.13% .64% Highland Park Highland Park ISD Dallas
Highland Village 2.31% .57% 1.45% .28% Highland Village Lewisville ISD Denton
Hurst 2.66% .61% 1.41% .64% Hurst Hurst-Euless-Bedford ISD Tarrant
Irving 2.71% .60% 1.47% .64% Irving Irving ISD Dallas
Keller 2.62% .44% 1.54% .64% Keller Keller ISD Tarrant
Lake Dallas 2.66% .71% 1.67% .28% Lake Dallas Lake Dallas ISD Denton
Lancaster 2.93% .87% 1.42% .64% Lancaster Lancaster ISD Dallas
Lewisville 2.18% .44% 1.45% .28% Lewisville Lewisville ISD Denton
Little Elm 2.49% .66% 1.54% .28% Little Elm Little Elm ISD Denton
Lucas 2.07% .37% 1.37% .33% Lucas Plano ISD Collin
Mansfield 2.89% .71% 1.54% .64% Mansfield Mansfield ISD Tarrant
McKinney 2.45% .59% 1.54% .33% McKinney McKinney ISD Collin
Melissa 2.48% .61% 1.54% .33% Melissa Melissa ISD Collin
Mesquite 2.70% .64% 1.42% .64% Mesquite Mesquite ISD Dallas
Murphy 2.27% .57% 1.37% .33% Murphy Plano ISD Collin
N Richland Hills 2.69% .61% 1.44% .64% N Richland Hills Birdville ISD Tarrant
Parker 2.08% .38% 1.37% .33% Parker Plano ISD Collin
Plano 2.19% .49% 1.37% .33% Plano Plano ISD Collin
Prosper 2.52% .52% 1.67% .33% Prosper Prosper ISD Collin
Richardson 2.62% .64% 1.34% .64% Richardson Richardson ISD Dallas
Richland Hills 2.60% .53% 1.44% .64% Richland Hills Birdville ISD Tarrant
River Oaks 2.95% .86% 1.45% .64% River Oaks Castleberry ISD Tarrant
Roanoke 2.03% .38% 1.38% .28% Roanoke Northwest ISD Denton
Rockwall 2.36% .50% 1.47% .39% Rockwall Rockwall ISD Rockwall
Rowlett 2.64% .75% 1.25% .64% Rowlett Garland ISD Dallas
Sachse 2.67% .77% 1.25% .64% Sachse Garland ISD Dallas
Saginaw 2.67% .49% 1.54% .64% Saginaw Eagle Mountain-Saginaw ISD Tarrant
Southlake 2.50% .46% 1.40% .64% Southlake Carroll ISD Tarrant
Sunnyvale 2.46% .41% 1.41% .64% Sunnyvale Sunnyvale ISD Dallas
The Colony 2.42% .68% 1.45% .28% The Colony Lewisville ISD Denton
Trophy Club 2.41% .76% 1.38% .28% Trophy Club1 Northwest ISD Denton
University Park 2.06% .28% 1.13% .64% University Park Highland Park ISD Dallas
Watauga 2.67% .59% 1.44% .64% Watauga Birdville ISD Tarrant
Westlake 2.20% .16% 1.40% .64% Westlake Carroll ISD Tarrant
Wylie 2.87% .90% 1.64% .33% Wylie Wylie ISD Collin
1 City property tax rate includes Municipal Utility District (MUD) tax
Note: The property tax rates shown above may vary depending on both which entities have taxing authority in the area where a property is located and the exemption(s) for which the owner of a property qualifies.
Sources: Collin, Dallas, Denton, Rockwall and Tarrant Central Appraisal Districts.

[BigDGeek]

Originally Posted by greendoor678

We are considering moving to North Dallas, Richardson or East Dallas. I've read a few posts here that mention being hit with significantly higher city and county taxes.

A little about our situation:
We currently live in Denton county and realize our taxes are lower "out here." Our budget for a new home is under $250K, so we realize we are limited on good options in these neighborhoods.

I want to eliminate looking in certain areas if they are well-known for having more taxes.

We are fairly inexperienced home buyers, as we are still in our first home so forgive me if my post sounds incredibly naive.

Thanks!

Almost all of those areas will be in Dallas County and the county taxes will be the same no matter where in the county you live.

The variables are city/ISD taxes. North Dallas and east Dallas will both most likely have Dallas city and Dallas ISD taxes, though some parts of north Dallas are zoned to Richardson so you'll have Dallas city and Richardson ISD taxes. I think there are some parts of farthest north Dallas that are in Denton or Collin counties, possibly both. I don't know for sure. I don't think any part of Dallas is zoned to Dallas ISD schools north of a certain point, though I'm not sure what the dividing line is.

Also, some parts of Richardson are in Collin County so you'd have Collin County taxes, Plano ISD taxes, and Richardson city taxes. The part of Richardson I'm in is in Dallas County so I have Dallas County, Richardson city, and Richardson ISD taxes.

Google is your friend. Learn about the different rates so you can apply them to whatever property you're looking at. Also, double-check the ISD and if it's near the boundary of a county, make sure that it's listed in the correct one.

[ObamneyI]

Tax rate for Dallas, Dallas County is 2.73% so for a house worth 250k tax is 2.73% of 250,000=$6825.
We are in Plano, Collin County and our rate is 2.19% so property tax for a 250k house would be $5475.
If you buy here than you'll save $1350 every year. If you own house for 10 years than its a big chunk of $13,500, worth thinking twice?

[greendoor678]

This is all great information. I'm sure I will have more questions as I research the links/info you all provided.

[Considering Coming Back]

Originally Posted by ObamneyI

Tax rate for Dallas, Dallas County is 2.73% so for a house worth 250k tax is 2.73% of 250,000=$6825.
We are in Plano, Collin County and our rate is 2.19% so property tax for a 250k house would be $5475.
If you buy here than you'll save $1350 every year. If you own house for 10 years than its a big chunk of $13,500, worth thinking twice?

There are significant Dallas County/DISD homestead exemptions. The taxes on a $252,870 home are only $5,656.95 a year.

[Considering Coming Back]

Originally Posted by BigDGeek

I think there are some parts of farthest north Dallas that are in Denton or Collin counties, possibly both. I don't know for sure. I don't think any part of Dallas is zoned to Dallas ISD schools north of a certain point, though I'm not sure what the dividing line is.

The City of Dallas extends into both Denton and Collin. The DISD line is the Dallas County line (roughly Trinity Mills).

Your Far North and northwest lines: http://www.dallasisd.org/cms/lib/TX0.../White2012.pdf

Your northeast lines:
http://www.dallasisd.org/cms/lib/TX0...lcrest2012.pdf

[ObamneyI]

We have residence homestead, disabled homestead, veteran homestead, survivor homestead and 65+ senior homestead exemptions for Plano, PISD and Collin County. Property taxes go significantly lower once you subtract qualified exemption.

http://www.collincad.org/ccad/report...exemptions.php

[Mulching]

I am looking at this link and according to my understanding Frisco, Allen, McKinney, Prosper, Murphy and Richardson cities do not give residence homestead exemptions but Plano and Dallas cities does offer 20%. Is this correct?

[ObamneyI]

Town Exemptions HS OV65 DP

Prosper Town DP, OV65 $10,000 $0

Prosper ISD DP, FR, GIT, HS, OV65 $15,000 $10,000 $10,000

Plano City DP, FR, HS, OV65 20% $40,000 $40,000

Plano ISD DP, FR, HS, OV65 $15,000 $10,000 $10,000

This is a comparison between Prosper & Plano's exemptions.

Mulching, You are correct but these cities do give homstead exemption on ISD portion. Plano and Dallas give residence home exemption on both parts.