Property values in certain parts of Dallas County have doubled since last year, making the accompanying tax increase much more burdensome for households in these neighborhoods.
On April 12, the Dallas County Appraisal District (DCAD) began mailing notices to homeowners regarding changes to their property value and the associated tax obligation.
If property owners believe their appraisal contains an error, they can dispute it with the Appraisal Review Board. However, they have until July 20 to do so. After the deadline has lapsed, DCAD’s chief appraiser will certify the roll for the current year.
While DCAD has already updated its website with preliminary 2024 appraisals, it won’t have the final results until after the protest period.
According to the preliminary results analyzed by Dallas CultureMap, the neighborhoods with the most significant property value increase were located east and west of central Dallas.
For instance, some of the homes in neighborhoods that Dallas CultureMap examined were 822 Stewart Dr. in Oak Cliff (+$165,150), 1915 Nomas St. in West Dallas (+$109,980), 5711 Enchanted Ln. in Buckner Terrace (+$47,090), 8214 San Leandro Dr. in Forest Hills (+$116,450), and 4001 Shorecrest Dr. in Midway Hollow (+$144,820).
One of the more substantial increases occurred along Gaston Avenue in Dallas. For example, the property value of a home at 6877 Gaston Ave. is up +$409,010 compared to last year. The main reason for the higher assessment is the skyrocketing value of the land on which the house is built, which jumped +$632,680 in the past 12 months.
According to a representative with DCAD, property appraisals are determined based on the value of recent sales.
“We’re not able to inspect each property, but if there are land sales in the neighborhood, we’ve started equalizing land values with surrounding properties,” the DCAD representative told Dallas CultureMap.
Homeowners who have protested past appraisals and successfully argued for their property valuation to be lowered will likely need to repeat the process. The DCAD representative explained that since there is no cap or limit on market value, each reappraisal stands on its own and is, therefore, subject to change.
The Dallas Express contacted DCAD Communication Director Cheryl Jordan for more information about the protest process and the odds of success but did not hear back by the time of publication.
