Property Tax Hike In Dallas County Among Highest Nationwide
Dallas County has witnessed a staggering 32. 7% increase in property tax rates from 2019 to 2024, positioning it among the highest nationwide, tied with California's San Bernardino County. The rise in property taxes closely follows a 42% surge in housing prices, reinforcing the connection between real estate values and tax assessments. According to CoreLogic, Broward County, FL, leads the nation with a 56. 8% increase in property taxes, while Miami-Dade follows at 49.
5%. In Dallas City specifically, property taxes have jumped 41% over the same period, putting further financial pressure on homeowners. Tarrant County also saw a significant increase of 29. 3%, ranking it 11th in the country. The report highlights that property taxes account for approximately 18% of the total housing bill in Dallas, which is lower than other major Texas cities like San Antonio and Austin.
As the cost of living rises, residents face increasing financial strain due to these tax hikes. The article is a critical reminder of the ongoing challenges posed by escalating property taxes in the region.