Even in the face of a national economic downturn, Texas continues to attract employers, create jobs, and stimulate economic activity with its pro-growth, low tax model.
Assessing Tax Trends in the City of Dallas
Does history suggest that property taxes are too high in the city of Dallas? And, if so, have local decision-makers actively helped or hurt the situation? To help answer these questions, let’s review the city’s 2024 Annual Comprehensive Financial Report (ACFR) and gather four types of data—i.e., tax levies, local population, total tax rates, and taxable values—over a 10-year time horizon. Using these audited estimates, we can gauge the growth of government (i.e., tax levy trends), assess its reasonability...