Home Buying in 75060>Question Details

Amdgtrulia3, Home Buyer in 75060

how do I know how much taxes do I pay for the home?

Asked by Amdgtrulia3, 75060 Sat Dec 4, 2010

Help the community by answering this question:


If you have a full address go to http://www.taxnetusa.com/

I am a lender and that is what I use to look up property taxes when calculating payments. Once we are under contract we order title work which will include tax certificates that outline the annual property taxes.

If you have any questions please feel free to contact me at your convenience. Thank you.
0 votes Thank Flag Link Wed Dec 15, 2010
You need to contact the County Tax Assessor's Office for Dallas County if you're in the 75060 zip code. Otherwise contact them for what ever county the property is in. If you give them the address and/or the previous owner they can tell you what the taxes are.
0 votes Thank Flag Link Tue Dec 14, 2010
I always recommend checking the tax rate of the property your looking to puchase via your local county appraisal district and multiply the specific tax rate for your property by your proposed purchase price.

This should be your worst case scenario for what your next year tax burden will be. You can always protest your tax assessment if higher than your purchase price by taking your purchase contract down to your local appraisal district and show them the price you paid. That's the best defense you could have, an actual market price versus an appraised value.

Example. Purchase Price of $200,000 x local tax rate of 2.50% = $5,000 annual ($416/monthly if escrowed)

Hope this helps.
0 votes Thank Flag Link Sat Dec 11, 2010
Actually, the first two answerers are not from Texas, so they couldn't give a useful response unless they had some personal knowledge about Dallas area taxes.

DCAD has the appraised value of the property and the current taxes, but payments are made at DallasCounty.org website. By looking up the property you can find the amount due.

If you're looking for hypothetical taxes on a property you would be buying, then you are better off asking for some help from a Realtor. Please understand that tax bills are just an aggregation of bills from several overlapping taxing authorities, such as city, county, hospital, and school districts. There can be several.

Often the school is paid separately from the others, but some locations have all the taxes on a single bill, and sometimes there are three bills total paid to separate locations.

Each taxing entity has its own tax rates and exemptions. If you're entitled to an exemption, such as homestead or over-65, your taxes will be lower. Each year the assessed value can change, as well as the budgets for the various taxing entities. Also your exemption status can change.

Some specialized software is offered free of charge via Tarrant's appraisal district that Dallas supports with a data file. From that combination you can pretty accurately determine hypothetical taxes for numerous places in the county.
Web Reference: http://www.SumnerRealty.com
0 votes Thank Flag Link Fri Dec 10, 2010
Not sure why no one below gave you the actual website to do what you wanted, but you can go to http://www.dcad.org to search by property address. Keep in mind that you need to look at what type of deductions are currently on the property and what you would qualify for. A good real estate agent or a good title officer would be able to get you pretty darn close to what you would have to pay.

If you would like a more detailed assessment, please feel free to contact me or I can refer you to a title company for more information.

Brian Rayl, REALTOR®, e-PRO
Keller Williams Elite - Dallas Park Cities
Web Reference: http://brianrayl.com
0 votes Thank Flag Link Sat Dec 4, 2010
You can do to the dallas tax appraisal and put in the address of the property or email me and I will do it for you...
0 votes Thank Flag Link Sat Dec 4, 2010
Your buyers agent or mortgage broker should assist you with this. OR confer with county tax records website

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
0 votes Thank Flag Link Sat Dec 4, 2010
Hello Amdgtrulia3

You asked:
how do I know how much taxes do I pay for the home?

If its in Mid Florida, let me know the address I can tell you in a jiffy.

Happy Holidays!

Thank you for contacting us, we appreciate the opportunity to serve you.
Mike Luzzo
Top Value Group
...your HOME to the Top Values in Real Estate
Need More Information? Please visit us @ http://www.myshortsaleorlando.com/

Charles Rutenberg Realty
933 Lee Road, Suite 300
Orlando, FL 32810
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0 votes Thank Flag Link Sat Dec 4, 2010
You can ask your agent and or attorney the question, or contact the local tax assessor's office.
0 votes Thank Flag Link Sat Dec 4, 2010
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