Dallas Property Values Surge by Nearly $17 Billion in 2023, Says City CFO

Property values in Dallas have surged by nearly $17 billion from last year, according to the city’s chief financial officer, Jack Ireland. In a memo to the mayor and council members on Friday, Ireland detailed that property values certified by the Dallas, Collin, Denton, and Rockwall central appraisal districts have increased to a total of $215.1 billion.

The $16.9 billion rise represents an 8.5% increase over the 2023 total of $198.3 billion. Ireland noted that $5.1 billion (2.5%) of this increase is attributed to new construction, with the remainder coming from reappraisal increases.

The Dallas County Tax Office will now calculate the no-new-revenue tax rate and voter-approval tax rate based on these certified values. The city is also reviewing the property value details and state law requirements related to the property tax rate.

Table with 5 columns and 5 rows.

Dallas	$188,694,397,965	$204,957,483,633	$16,263,085,668	8.60%
Collin	$7,263,617,719	$7,767,321,173	$503,703,454	6.90%
Denton	$2,298,657,973	$2,406,462,017	$107,804,044	4.70%
Rockwall	$15,416,916	$16,582,056	$1,165,140	7.60%
Total	$198,272,090,573	$215,147,848,879	$16,875,758,306	8.50%