Dallas County Residential Values Increase 4.8%
Property tax assessments for homes were increased by 4.8% for the tax year 2021, based on a review of 146,879 homes valued by the Dallas Appraisal District. Homes valued at $1 million or higher had the largest increases, average 5.4% higher than 2020. Review of 146,879 homes valued at $300,000 or indicates an increase in assessed value of $90.12 billion, up 5.2% from $94.84 billion in 2021. Total property taxes for 2021 for homes valued over $300,000 would total $2593.7 million, based on a 2.7% tax rate before considering homestead exemptions. Dallas has 18,640 homes valued at $1 million or higher. They are valued at $35.62 billion in 2021, up from $33.85 billion in 2020. Values were increased for 6,231 homes, reduced for 990 homes, and remained flat for 11,419 homes. Homes valued at $300,000 to 500,000 increased from $31.17 billion in 2020 to $32.82 billion in 2021, an 5.3% increase. Of the 87,887 in this price range, values were increased for 23,318, re...