Denton County Property Tax Trends documents that Denton County Appraisal District has experienced substantial growth in market value. However, the number of tax parcels has risen only slightly. Large increases in assessed values have caused Denton County residents to protest at well above the statewide average. Denton is at 19% versus the statewide average of 10%. This site has details on number of tax protests, appraisal review board members, budget, number of appraiser total market value, total taxes levied, value by type of property, number of judicial appeals, number of appraisal district staff, appraisal district budget and much more.
The market value of Denton County taxable property rose from $68 billion in 2014 to 115 billion in 2018. This is a 69% increase over 5 years; 13.8% per year! These large increases are part of the impetus for Senate Bill 2, which caps taxes for school at 2.5% and cities / counties at 3.5% per year for existing property, plus the value of new construction.
Property tax savings from protest hearings at Denton County Appraisal District (DCAD) have increased sharply: from $65.4 million in 2012 versus $100.9 million in 2018. Commercial accounts were reduced $96million in 2018 versus residential accounts for $2 million. There are more residential accounts protested but the commercial accounts receive virtually all the tax adjustments during appeals. The ratio of tax savings at the administrative hearings 2% single family and 98% commercial. $49 in commercial property tax reduction for every $1 in residential property tax reduction. This ratio is quite unusual.
The number of tax protests in Denton Appraisal District increased by about 110%; from 42,370 in 2014 to 89,060 in 2018. Denton County Appraisal District 2018 property tax protests include 52,930 residential and 36,130 commercial accounts. Residential accounts for 59% of the appeals but for4.6% of the savings ($4.6 million out of $100.9 million in 2018).
Judicial appeals in Denton County have been increased sharply over the past six years. The volume of judicial appeals rose from 33 in 2012 to 100 in 2018, a 203% increase in six years. Property tax savings in Denton County due to judicial appeals have been moderate given the size of the county. Most appeals are resolved without trial. Judicial appeal tax reduction were $0.1 billion in 2012 and $0.9 billion in 2018, an 800% increase Single-family savings accounted for none of the judicial appeal refunds.
The Denton County Appraisal District budget rose from $10.0 million in 2012 to $13 million in 2018, a 30% increase over 7 years. This averages 4% annual increase in DCAD budget is less than the average rate of increase in appraisal district budgets.
The Denton County Appraisal Review Board remained stable at 18 to 20 members 2012 to 2018.
The number of appraisers has been risen steadily; from 26 to 35 over 5 years during 2013 to 2018.
2020 property tax deadline is May 15th; deadlines to protest are not extended due to Covid-19.
Visit Denton County Property Tax Trends to learn more.
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