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 214 631 1342 or Www 2013-2025

Dallacad 2013-2025 Form

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[Music] with our dramatic increase in property values I have been asked to explain the difference between the Central Appraisal District's appraised value and Appraisal cap the Central Appraisal District is responsible for appraising property at market value this is the price at which the property would sell when on the open market and is known as appraised value the appraisal cap is simply a cap placed on that value on which property taxes may be assessed appraisal caps are only applicable to the homestead or primary residence of the taxpayer the cap is 10 percent of preceding years appraised value for tax purposes plus the value of any improvements made since the last appraisal for instance if the taxpayer added a pool to the property the appraisal cap will include the value of the pool on top of the 10 percent increase routine maintenance is not considered improvements additions such as garages pools and Decks that add value to the property are considered improvements the le

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