Texas Property Taxes

/Texas Property Taxes

Dallas Morning News Misses Glaring Example Of Appraisal Fraud Right Under Their Noses

The company selling the 'Rock of Truth' campus just missed a glaring example of appraisal fraud right under their noses. Belo Corp reportedly just sold the old Dallas Morning News downtown campus at 508 Young Street for $28 million. The 325,000 square-foot campus includes two buildings and a parking garage on roughly 8 acres. That 8 acre site happens to be one of the largest redevelopment sites in downtown Dallas Texas. The former campus of Dallas' largest newspaper was purchased by Ray Washburne, a local developer who owns Charter Holdings. Washburne also bought a shopping [...]

Texas Property Tax System Collapsing Under Its Own Fraud

As appraisal districts across the state of Texas put the screws to homeowners this summer, some interesting things are happening behind the scenes in the operationally corrupt system known as uniform and equal appraisal. The predators are starting to eat each other as the system comes unglued. I am not surprised this is happening. It's something I fully expected because the Texas property tax system is mired in conflicts of interest and dysfunction, rotten to its very core. "It's difficult to get a man to understand something when his salary depends upon his not understanding [...]

Denton CAD’s Chief Appraiser Doesn’t Want To Be Overwhelmed With Property Tax Protests

Denton Central Appraisal District chief appraiser, Rudy Durham, apparently doesn't want to be overwhelmed with property tax protests this year. Durham recently called out Watchdog Dave Lieber for encouraging everyone to file a protest, something every property owner is entitled to do under the Texas Property Taxpayers Bill of Rights. Lieber is right that everybody should protest, but he's missing the big picture. Homeowners should protest not just their valuation from the CAD, but the system in its entirety. Every homeowner in Denton County should protest an operationally corrupt system that bulldozes residential property owners [...]

Buc-ee’s Suit Against Denton Central Appraisal One Of Many In Broken Property Tax System

The new Denton Buc-ee's is already testing the waters of the two-tiered property tax system in Texas. Buc-ee's representatives already convinced the DCAD appraisal review board to chop over $850,000 off the initial appraisal last year, but apparently Buc-ee's feels the taxed value of the new Denton store is still too high, thus the suit in Denton County District court. This is just the tip of the iceberg when it comes to the efforts of business and industry as they buy justice at the local CAD. County records show 170 active cases against the Denton [...]

Amazon.Con – HQ2 Dallas Reality Sets In That City Officials Were Played

The long con is now complete in the beauty contest/con job that was Amazon HQ2. Today Amazon officially announced that Long Island City in New York and Crystal City in Virginia are the two cities where Amazon will construct a 2nd and 3rd headquarters. In a bit of public PR Amazon will also be "investing" in Nashville for a new operations hub. If it weren't crystal clear before, it should now be blatantly obvious that Dallas-Fort Worth officials were played for fools in the horse race to win Amazon's tax incentive beauty contest. Cities across [...]

Denton TX Property Taxes Soar As Homeowners Confront Fed Propaganda

Collections from Denton TX property taxes will likely hit record highs this year. When you receive your property tax bills in the mail, be sure to thank the Federal Reserve. After years of goosing asset prices higher, particularly property and stock prices, just about every piece of real estate in Denton TX and Denton County has risen in value. This is not rocket science. There is no mystery behind what drove the price increases. If you are a beneficiary of home price appreciation and you are fortunate enough to sell, cashing in on the gains [...]

Voters Approve $750 Million Denton ISD Bond Package

Voters overwhelmingly approved Denton ISD's $750.5 million bond package in the May 5 election. The bond package for new facilities and improvements within the Denton Independent School District was approved with almost 75 percent of voters favoring the measure. Approval of the bond package will not change the district's tax rate of 1.54 percent. The $750 Denton ISD bond package contains roughly $215 million in growth projects, including Middle School #9, Elementary School # 25, new transportation facilities, additions to Guyer High School, and other improvements such as new tennis courts at high schools. In [...]

ATTOM Misses Big On Single Family Rentals For Dallas, Houston

I'm always curious when sell-side media types tout the glorious returns to be had when it comes to investing in single-family rentals. As if it weren't bad enough that the Federal Reserve has eviscerated housing market fundamentals, there is apparently never enough of a good thing when it comes to hyping up potential real estate riches in our hyper-financialized economy. That brings me to a gloriously entertaining piece from one Andrea Riquier at Marketwatch. The article is "Fancy being a landlord? Here are 10 metros offering double-digit rental returns." And what a story it is! Since [...]

Texas Property Tax Reform Dies On The Vine

Property tax reform died an inevitable death during the 85th Texas legislative session. I say inevitable, because it was clear from the outset of the road show advertised as a property tax reform effort that there were too many conflicts of interest preventing real reform of what can only be described as an incestuous, revenue-driven system. Texas is still one of the few states without a state income tax. The Texas Senate wants to keep it that way. Texas senators also made it clear that their legislative body wanted to push a school privatization scheme [...]

Rent vs Buy In Texas? Don’t Ask Trulia

The Houston Chronicle's real estate desk offered up another dose of "fake news" when they regurgitated Trulia's latest edition of rent vs buy calculations. In Layman's terms Trulia's rent vs buy calculations are essentially worthless when it comes to Houston Texas. It's amazing that Houston's largest newspaper would even reference them. They are really that bad. I can only assume that our largest newspaper would rather sell ads than tell people the truth. The truth is that it's not 42 percent cheaper to buy a home in Houston than it is to rent one. Let's [...]