property tax news

Dallas nearly tops list of U.S. counties for biggest property tax hike

Higher home prices, higher property taxes, higher rent, oh my!

It's time for the dreaded tax season, and Dallas homeowners may be getting sticker shock looking at their property tax bills in 2025: Dallas County property taxes have skyrocketed among the highest levels in the U.S., according to a recent report by information services provider CoreLogic.

The property tax report analyzed the growth in tax rates and housing prices across all 50 states and the most populous U.S. counties.

From 2019 to 2024, Dallas County taxes increased 32.7 percent, or 6.5 percent year-over-year — putting Dallas in the No. 3 position on the list.

No. 1 on the list was Broward County in Florida, home to cities such as Fort Lauderdale and Pompano Beach, which had the biggest increase in taxes at 56.8 percent.

No. 2 was also in Florida: Miami-Dade County, which endured a 49.5 percent hike in property taxes.

Dallas tied for the No. 3 with San Bernardino County in California, which also had a 32.7 percent increase.

Tarrant County was not far behind Dallas, coming in at No. 11 on the list with a startling 29.3 percent tax hike during the five-year period, the report found.

Property tax hikes follow a similar rise in housing prices, thus putting more pressure on homeowners and first-time homebuyers. The report's findings revealed Texas housing prices have ballooned by 42 percent over the last five years. And there's no sign of relief without changes on the federal level, the report adds.

"While some areas of the country will always be more expensive than others, the national trend toward more expensive properties and greater property tax liabilities is clear," the report said. "Already, the [nation's] tax bills climbed an average of 27 percent from 2019 to 2024. Short of government-led changes, homeowners will continue to contend with rising property taxes year after year."

Higher taxes also have ramifications for renters, who see these costs passed down from landlords in the form of higher rent prices, which may send more renters outside the city in search of more affordable areas.

Property taxes in 2024
In 2024 alone, Dallas residents paid a median $6,409 in property taxes, which is the third most expensive property tax among the most populous U.S. counties. Nearby Fort Worth residents in Tarrant County paid the second most expensive taxes last year, at $6,633.

Some residents east and west of central Dallas saw their property values skyrocket over twice as much than what they were worth in 2023.

According to a state-by-state analysis, Texans paid a median $5,105 in property taxes last year, reflecting a 35.3 percent increase from 2019. Texas' median property tax is far higher than the national median, which came out to $3,018.

As many Texans are aware, it's a high price to pay for not having any income tax and no annual vehicle taxes.

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renter report

This is how dramatically Dallas rent prices have dropped since last year

Photo by Malcolm Shadrach on Unsplash

Rent is falling in Texas as a whole, with Dallas among the top three cities with the biggest declines in August.

A new Zumper rent report has revealed that Texas is leading the nation in annual rent declines since 2025, and Dallas rent prices have fallen as much as 13 percent since last August.

Zumper's monthly report analyzes one- and two-bedroom rent prices from the previous month across 100 U.S. cities, and tracks one-month and year-over-year changes.

Austin, Houston, and Dallas, respectively, locked out the top three cities where one-bedroom rent prices have plummeted more than anywhere else in the country.

A one-bedroom apartment in Dallas had a $1,270 monthly rent price in August, down 13 percent since this time last year. Two-bedroom units were 13.4 percent cheaper than they were a year ago and now sit at $1,810 per month.

The reports findings show a similar pattern across Texas' biggest metros as "elevated multifamily supply" was "absorbed through the boom years." Renters currently have the advantageous opportunity to negotiate lower rent from their landlords, according to Zumper CEO Shawn Mullahy.

"Texas is showing exactly what happens when supply materially outruns demand," Mullahy said. "Austin, Houston and Dallas added enormous amounts of inventory, and renters now have leverage because owners are competing to fill it. That won’t reverse until enough of that supply is absorbed."

Elsewhere in the Dallas-area, rent prices for a one-bedroom unit in Plano have dipped 7.1 percent since last year to $1,310. Single-bedroom units in Irving are renting for $1,210 a month, or 4.7 percent lower than they were the year before.

Across town in Fort Worth and Arlington, one-bedroom units had a monthly asking price of $1,160 and $1,080 in August. Arlington's one-bedroom rent price is unchanged from 2025, and Fort Worth's is down 3.3 percent.

This is how much it cost for a two-bedroom unit across DFW in August, compared to the previous year:

Plano: $1,920 per month, down 3.5 percent
Irving: $1,620 per month, down 4.7 percent
Fort Worth: $1,530 per month, down 5.5 percent
Arlington: $1,460 per month, down 2.8 percent

Rent prices across Texas
Austin tops the U.S. with the steepest decline in both one- and two-bedroom rent prices in August. A one-bedroom unit in Texas' capital city had a $1,260 monthly price, down 16.6 percent from August 2025. Rent for a two-bedroom unit declined even further, by 19.1 percent, to $1,610 per month.

One-bedroom apartments in Houston weren't far behind. Rent for a single-bedroom unit dipped 14.6 percent year-over-year to $1,050, and the price for a two-bedroom unit fell 5.4 percent to $1,400.

In San Antonio, single-bedroom rent prices fell 8.6 percent to $960 per month, and two-bedroom rent declined by 4.5 percent to $1,260.

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