Dallas Weighing 8% Property Tax Hike During Disaster Declaration To Prevent Roll Back Election
Dallas is feeling COVID-19′s financial impact, and now officials may consider raising property taxes to shore up next year’s budget.
City Council members will vote Wednesday on a resolution to allow the Dallas County Tax Office to calculate a property tax rate that would increase the city’s revenues by 8%, which is higher than the 3.5% cap enacted by the Texas Legislature last year.
Texas’ recently overhauled tax code said cities’ year-to-year property tax revenue cannot increase beyond 3.5% without voter approval, but provided an exception if an area is under a disaster declaration issued by the governor or the president.
Texas is currently under a disaster declaration issued by Texas Gov. Greg Abbott on May 12. And the entire country is under a disaster declaration issued by President Donald Trump.
The exception would allow Dallas to bypass the voter approval process, Elizabeth Reich, the city’s chief financial officer, said in an email.
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