Wednesday, February 27, 2008

Tax Question

What is the "assessment ratio" in Tarrant and Dallas Counties?

2 comments:

Daniel Parrett said...

Is it 100% in Tarrant County? I found this link that shows tax rates and assessment ratios.

http://www.arlingtontx.com/Portals/0/Table15-Taxation.pdf

Andrew Hansz PhD CFA MAI said...

Yes, for our local purposes the assessor's (or Tax District's) estimate of market value is equal to the assessed value. A 100% assessment ratio.

Good website Daniel! Also, you guys might want to check out www.tad.org and www.dcad.ord. You can search property records by property address or owner's name. Assessment records are great for property research (or to check out your neighbor's property without trespassing).

A little more on property taxes soon...