The Dallas Property Taxes are a tax on the value of real estate.
If you buy a house and rent it out, your taxes are charged on it.
If your home is worth less than $500,000, you pay a property tax.
If the home is valued at $500 million or more, your tax is charged on the whole.
If an individual owns more than one home in the same city, they pay a separate tax on each home.
The city collects a special assessment on each house that is less than 10 per cent of the assessed value.
The value of the property can increase or decrease as the value and number of properties changes.
The Dallas Tax Collector’s office says they collect a tax of $20 on the entire value of a home, regardless of how many houses it owns.
The amount of the tax depends on the total value of your property.
A person can sell or lease a home without paying a property taxes assessment.
If a sale or lease of a property ends with the buyer paying the assessment, they’ll pay no property taxes.
For more information on the Dallas Tax, call the Dallas tax hotline at 817-735-5711.