Recent price jumps on Dallas properties are causing residents to take a stand.
PUBLISHED 3:03 AM CDT Apr. 22, 2022DALLAS — North Texans are bracing for the latest appraisal values on their homes, some already seeing quite the jump in the price of their property.
However, the rapid growth in the downtown area quickly started to raise the value of his home. Fischer saw his first condo’s value go up by $93,000 between 2015 and 2019. “Last two years, I’ve actually enjoyed lower property taxes compared to other areas, and that was mainly because of COVID,” Fischer noted.
It’s a fight that many other North Texans are expected to take on in the coming weeks. A report from the Texas Association of Appraisal District shows that major cities like Dallas, Fort Worth and Arlington could see a nearly 24% increase in home values. Donlin is the CEO of Mr. D Real Estate Group in DFW. He oversees around 40 units that are mostly made up of residential properties in East Dallas. He says their company looks to provide high-quality, affordable housing to community members in that area.
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