Dallas

Dallas

Dallas

3 Comments on Dallas

While most homeowners pay taxes on the real value of their property, many large commercial property owners routinely use appeals and lawsuits to avoid paying their fair share.

Texas’s flawed property tax system unfairly burdens homeowners who have to pay more when large commercial properties pay less. This also puts local services for our communities – like libraries, police, and fire departments – at risk.

Dallas has been drained of an estimated $927 million over the past five years. Out of that, schools have been hit the hardest with a loss of $468 million.

So who is benefitting at our expense?

Large commercial property owners like these have been enormously successful in driving down their property tax bill. 

 

JP Morgan  Dallas, TX
  • JPMorgan Chase Building

 

    • 2200 Ross Avenue Dallas, TX
    • 2007 purchase price: $289.6 million
    • 2008 appraisal: $195.9 million

 

  • Discount: 32%

 

 

 

Dallas-macB-final
  • 6565 N MacArthur Blvd Irving, TX

 

    • 2013 purchase price: $46.6 million
    • 2013 appraisal price: $28.9 million

 

  • Discount: 38%

 

 

 

Homeowners and local communities across Texas are shouldering an unfair burden when large commercial property owners manipulate the property tax system to drive down their property values and property tax bills.

It is time for a fair property tax system that does not burden homeowners nor deprives communities of vital public services.

It’s time for Real Values for Texas.

RECENT PRESS

Editorial: “Level Texas’ property tax playing field”
Dallas Morning News May 4, 2014

Let’s make the property-tax system fair for all Texans
Steve Blow Dallas Morning News May 3, 2014

Tax law leads to towering savings for big-building owners 
Matthew Watkins Dallas Morning News April 26, 2014

 

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