DALTX Real EstateDALTX Real EstateDALTX Real Estate
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Reading: DFW Apartment Dwellers Catching Up to Homeowners When it Comes to Property Taxes
Share
Font ResizerAa
DALTX Real EstateDALTX Real Estate
Font ResizerAa
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Follow US
© DALTX. All Rights Reserved.
DALTX Real Estate > DallasDirt > DFW Apartment Dwellers Catching Up to Homeowners When it Comes to Property Taxes
DallasDirt

DFW Apartment Dwellers Catching Up to Homeowners When it Comes to Property Taxes

7 Min Read
SHARE
800px-Tower_Crane_in_Uptown_Dallas-768x576
(Photo courtesy Wikimedia Commons)

Allen Gwinn is a number cruncher. Or a gadfly. Or a muckraker/local political analyst. By day, he teaches at SMU School of Business as a Professor of Practice.

Basically a detailed data miner, he has taught information technology at SMU Cox School of Business for 30 years. For years, Gwinn also ran a popular website called Dallas.org, which was 18,000 registered users rich, as large as many local media sites. As he puts it, “I had lots of bandwidth.”

Now Gwinn is gearing up a reboot of Dallas.org, because he believes that taxpayers need a constant stream of data about government spending. An informed citizenry, he feels, makes better voting decisions, which is why he analyzes public data.

“I’m putting together a bunch of data to analyze revenue and expenses at DISD,” he said by phone. “We can show exactly what tax dollars they are getting. It’s eye-opening. DISD historically has been very, very closed with the very data taxpayers need.” But before we dug into school taxes, I flipped out over his tracking of who pays property taxes. I hope a fainting couch is nearby:

Allen-Gwinn-900x1024-1-900x1024

“Keep in mind that tax revenues levied on Dallas residents and renters have (not quite) doubled since 2013.”

Gwinn’s chart, above, caught my eye on the Reform Dallas Facebook page and I asked for permission to post it. Dallas City Council is back from July vacation and currently looking over next year’s budget, which includes a “small” property tax hike.

(BPP is business personal property and includes things like office machines, computers and other fixtures and furnishings used for business purposes.)

Last Friday, City Manager T.C. Broadnax unveiled his proposed budget with a property tax rate of 78 cents for each $100 of valuation — one-third of a cent higher — to, he said, address the city’s police officer shortfall (because everyone is bemoaning our short-staffed DPD). Broadnax is also bracing (and probably squirreling away dollars) for the upcoming state tax restrictions.  His proposed tax raise would add $4.5 million to the city’s coffers with a cost to the taxpayers of $8 to $10 a year for a $300,000 home. The average home price in Dallas is about $277,000.

The interesting thing about Gwinn’s chart is that it shows, almost breathtakingly, how much homeowners shoulder the burden of taxes in North Texas. But look — apartment renters are catching up with us. And of course, landlords are passing those onto renters. Here is more:

Allen-Gwinn-900x1024-1-900x1024

“I was analyzing ad-valorem tax revenue, for DISD and the City of Dallas combined, and some of it is turning out to be pretty interesting,” said Gwinn. “For instance, I was surprised to see how quickly tax revenue from apartments (red) was rising. Obviously, homeowners get stuck with the bulk of the tax burden (green) but apartment tax revenue is really closing the gap. The yellow line represents revenue from other commercial buildings (excluding apartments) and the blue line is revenue from BPP. I can show you how little the commercial side chips into ad valorem taxes.”

No kidding. Tax revenue from commercial properties is not only flat as a pancake, it actually dipped in 2012 while homeowner’s paid even more taxes as the values of their homes rose dramatically post the 2010 recession. That’s why Gwinn is revving up Dallas.org. Eventually, he will even have a page for renters to choose their apartment complex, enter the square footage, and find exactly what the landlord (and subsequently tenant), pays in property taxes — very cool. Here is what the Lakewood Advocate reported more than 10 years ago:

No Dallas citizen or official is beyond scrutiny, and Gwinn doesn’t mind naming names. But Gwinn’s whistle sounds most vehemently for Dallas ISD education reform. The reason, he says, is simple: “Money and kids. You may think public education is free, but more than 50 percent of your taxes go to DISD. If your child goes to private school or you don’t have kids, you are still paying for public education. It never ceases to amaze me that there aren’t 50,000 people like me watching [DISD] under a microscope.”

And he is still focusing the microscope. Gwinn doesn’t believe the City of Dallas or Dallas ISD consciously try to do evil: as big bloated bureaucracies, they just make a lot of mistakes, he says. Actually, the city of Dallas is pretty transparent when it comes to open data, he says. Not so Dallas ISD.

“DISD tries to do everything they can to keep everything under wraps,” he says. “They don’t even want the trustees to look at the data.”

And apartment renters, he says, need to know that they are not immune from rising property taxes.

“As to the 2018 DISD bond election and tax increase, homeowners weren’t the only ones impacted,” says Gwinn. “Renters were too. The DISD tax on an average 1,000 square foot apartment will go from $2,165/year to $3,151/year by the time your landlord pays his 2020 taxes. Obviously, some will pay more, some will pay less. But just because you live in an apartment doesn’t mean you’re immune from ad valorem property taxes. You also have to wonder what effect these increases are having on the gentrification of Dallas.”

We’ll be hearing more from Gwinn — like he says, you gotta get people informed, get them involved.

“You can’t just fish more money out of people’s pockets,” he said. “Keep in mind that tax revenues levied on Dallas residents and renters have (not quite) doubled since 2013.”

Decor to Fall For: Don't Miss Jan Showers' First-Ever Showroom Sale Today Until Feb. 14
Milieu: Snazzy Home Decor Magazine Spotlights Greenway Park Home of Jan Barboglio
After Well-Documented Trip to Capitol For Rally-Turned-Riot, Jenna Ryan Pleads Guilty
Monday Morning Millionaire II: This Howard Meyer House Is a Time Capsule Back to 1938. Or 1958. Hope it Stays That Way
Reminder: SCHOOL+HOUSE Comes to Midway Hollow Tomorrow
TAGGED:Allen GwinnDallasDallas ISDProperty TaxesProperty Values
Share This Article
Facebook Email Copy Link Print
Previous Article Fantastic Farmers Branch Open Houses To Fill Your Weekend
Next Article Charlotte, North Carolina For the First Time Buyer
Popular News
DFW Real Estate News

Hospitality Meets Personality in This Palatial Lakewood Home

Title Tip: Show Me The Earnest Money
A Preston Hollow Modern Tudor Eclectic That Will Help You Keep Your Resolutions
What’s a Kick Out Provision?
Best Of 2018: Friday Four Five Hundred
about us

DaltxRealEstate.com is the largest real estate blog and the only one in North Texas.

Links

  • Privacy Policy
  • Terms of Service
  • Contact Us
  • Paid Guest Post Submission

Categories

  • Wednesday WTF
  • East Dallas
  • Monday Morning Millionaire
  • Upon Closer Inspection

Get Involved

  • Advertise With Us
  • Write for Us: Submit Guest Post

Find Us on Socials

© DALTX. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?