Dallas Real Estate and Short Sale Blog: December 2010

Tax Information For Homeowners in the DFW Metroplex

As a property owner, you are required to pay property taxes. It is taxed each year by a variety of jurisdictions including the county, city and school district.


If you purchased in 2010, you may need to notify the taxing authorities of your ownership so that the tax rolls will reflect the change. You may do this by contacting the appropriate tax appraisal district in your county from the following list:

Collin County Appraisal District - 469-742-9200 - www.collincad.org
Dallas County Appraisal District - 214-631-0910 - www.dallascad.org
Denton County Appraisal District - 940-349-3800 - www.dentoncad.com
Ellis County Appraisal District - 972-937-3552 - www.elliscad.org
Rockwall County Appraisal District - 972-771-2034 - www.rockwallcad.com
Tarrant County Appraisal District - 817-284-0024 - www.tad.org

Your property is assigned a single appraised value, which is sent to all taxing jurisdictions. The jurisdiction then applies the tax rate, as set by its governing body, to the appraised value.


On January 1, 2011, value, ownership, legal description of the property and exemption status of the taxpayer is determined. Several forms of tax relief are available which may reduce the taxable value of your property. Applying for exemptions is the taxpayer’s responsibility. Some exemptions require a new application each year. Contact your appraisal district to learn more about the following exemptions and how to file for them:

General Homestead Exemption
Over 65 Exemption
Disabled Individual Exemption
Disabled Veteran Exemption
Agriculture Land Exemption

To receive your exemption(s), you must own the property and be living in the property as of January 1st. Your application must be applied for on or before April 30, 2011 to receive the tax benefits for this year. This is a FREE service.

Remember, tax statements are generally mailed in October of each year. The taxes are payable on or after October 31, however, you may elect to pay them as late as January 31 without penalty. Taxes become delinquent February 1 and on this date penalties and interest do accrue. If you receive a Tax Statement and your mortgage company is escrowing funds for taxes from your monthly payments, forward the statement to your mortgage company so they can pay the taxes.

Tom Branch, Broker, CDPE, SFR

ActiveRain Challenge: Never Answer the Same Question Twice | Basic information provided by Republic Title | Photo licensed from iStockPhoto


Tom Branch and Gina Branch, The Branch Team with RE/MAX Dallas Suburbs, service the greater North Dallas suburbs including Dallas, Plano, Allen, McKinney, Frisco, Lewisville, and Carrollton.  While Gina concentrates on traditional listings and buyer/tenant representation, Tom specializes in assisting distressed homeowners to avoid foreclosure.  Tom and Gina have published two books (Achieving Rock Star Status and The Field Guide to Short Sales) and are available for speaking engagements in the greater Dallas - Fort Worth Metroplex. Subscribe to The Branch Team Blog.

Follow Us on Facebook          View Our LinkedIn Profile         

Copyright 2009-2013 - The Branch Team
The Branch Team - Texas Real Estate Broker 547597 | Team Members are Texas Licensed Real Estate Professionals
Tom Branch - National Mortgage Licensing System 341963

The Branch Team - Named Top Producers in Dallas by D Magazine

Important Notice: The Branch Team with RE/MAX Dallas Suburbs is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.

Protected by Copyscape Web Plagiarism Tool

Comment balloon 0 commentsTom Branch • December 29 2010 01:46PM
Tax Information For Homeowners in the DFW Metroplex
As a property owner, you are required to pay property taxes. It is taxed each year by a variety of jurisdictions including the county, city and school district. If you purchased in 2010, you may need to notify the taxing authorities of your… more
Selling It Short
Dave Liniger, Chairman and Cofounder of RE/MAX International recently published an article titled, “ Selling It Short ” in DS Magazine. The article is a report card on Short Sales in general and where he thinks we’re headed in 2011. Dave focuses on… more
Is Your MLS Data Current?
Yesterday I was reading Robert Freedman's article in REALTOR® magazine titled, "Know Who's Using Your Data. " Robert's main point was that many practitioners do not read the fine print in the agreements they sign with vendors who gain… more
Dallas Superbowl Leasing in the Media
I recently took part in an NBC 5 News story by Grant Stinchfield. The story titled, " Super Bowl Rentals Could Become Brothels, Group Says " focuses on the possibility that leased homes could be used for illegal activity. With the… more
Calculating Income for a Short Sale - Is There a Dual Standard?
December 23rd was the frustrating end to a five-month attempt to complete a short sale. We listed the property in July and executed a contract in early August. While we worked the package with both lenders, our first buyer walked. We quickly found a… more
Plano TX Townhomes For Lease 8619 Naomi
3 Bedrooms | 2. 1 Baths | 2-Car Garage | 1961 SF/Tax Plano TX Townhomes For Lease - Beautiful new construction with stone exterior. Gourmet kitchen with breakfast bar, upgraded cabinets, granite, stainless appliances, and gas cook top. Study with… more
Watters Creek in Allen Texas
It's been fun to watch urban living migrate to the suburbs. Over the past five years, we've seen a number of developments pop-up that offer urban-style living in suburban cities surrounding Dallas. Watters Creek, located in the southwest corner of… more
How Is Your Emergency Fund Holding Up?
Rob Minton recently published the results of a survey he conducted in an article titled, “ Survey Results: Average Agent is Headed for Poverty in Retirement. ” While Rob focused on many facets of financial planning, I took note of the results of… more
The Landlord Stopped Paying the Mortgage
As usual, I found myself in a lively discussion this morning. Having published, The Field Guide to Short Sales I get asked some really tough questions from time-to-time. Here’s the situation: A tenant signed a one-year lease using the Texas… more
Irving TX Homes For Sale 2404 William Brewster
3 Bedrooms | 2 Baths | 1-Car Garage | 1869 SF/Tax Irving TX Homes For Sale - Great potential in this 3-2-1 with carport, two living areas and huge kitchen with great storage. Additional living area could be used as gameroom or formal dining. View… more