Texas Property Taxes

[Jordan Shutts]

I'm currently acquiring single family rental properties for clients in Texas. In my evaluation of these deals I pull the last tax bill to find the millage rate. Should I be multiplying the millage rate by the ARV, purchase price or the prior taxable value? In South Carolina the purchase price becomes the new taxable value but I know that's not the case everywhere else.

[Eduardo Bilbao]

I purchased a single family residence in Dallas Texas in 2020. The property was being taxed as if its value was $438,000. After the purchase was completed I protested the taxes because I purchased the property at a lower price. They only asked me proof of the purchase, they got me on a call at a specific time and date and they approved it. Starting January 2022 my mortgage payment decreased $400 per month. I hope this helps, I used the county appraisal district website to do all this.