Tax Information

Property Tax

The property tax is the City's primary source of revenue. The tax is expressed as a rate in dollars and cents per $100 of taxable value. For example, the 2015 tax rate is $0.25893, meaning 25.893 cents per $100 of taxable property value. The City levies one uniform tax rate each year,however the amount any individual property owner will pay depends on the taxable value of their property. The University Park City Council sets the property tax rate each year during consideration of the City budget.  The City Council adopted the Fiscal Year 2016 budget and 2015 tax rate on September 15, 2015.

University Park is not the only taxing entity that appears on a resident's property tax bill. In fact, the City represents only 13% of the total property tax. The Highland Park Independent School District, Dallas County, and several other taxing districts within the County also levy taxes on UP residents.

The chart below shows that the school district collects approximately 55% of local property taxes.  Much of the tax money collected by HPISD is sent to the State of Texas for distribution to other school districts.

Taxing Entity         2015 Tax Rate        % of Total Property Tax
HPISD              $1.1181                55%
Dallas County              $0.66275                32%
University Park                      $0.25893                13%

*The tax rate is expressed in dollars and cents per $100 taxable value.


Property Value

For tax purposes, the Dallas Central Appraisal District (DCAD) measures and records the value of all real and business personal property (BPP) in University Park. State law requires that properties be reappraised at least every three years. DCAD attempts to value property on a 100% market basis. The combined value of all real and BPP property in University Park becomes the tax base upon which the City Council sets a tax rate.

DCAD mails out appraisal notices each year if a property's appraised amount changes. Homeowners wishing to contest their appraised value may contact DCAD. The protest process may involve appearing before an Appraisal Review Board (ARB), whose decision may only be modified by lawsuit.

DCAD maintains an extensive website (www.dallascad.org) that includes a database of all real property in Dallas County. The database can be searched by owner name, property address, or account number. The site also includes information about valuation methods, protest process, and frequently asked questions. Additional DCAD contact information is listed below.


Property Exemptions

Many property owners are eligible for exemptions, which reduce a property's taxable value. The most common exemption is the homestead exemption, which is equal to 20% of a property's total assessed value. For example, a house with a $500,000 assessed value would have a taxable value of $400,000, since 20% of $500,000 is $100,000. Property owners must reside in the property on January 1 to be eligible for a homestead exemption that year.

In addition to the homestead exemption, the City also allows a substantial exemption for homeowners over 65 years of age.  This exemption is adjusted annually, and approximates 25% of the prior year market value of an average single-family residence.  A disabled homestead exemption of the same amount is also available for those persons who qualify.

The Dallas Central Appraisal District (DCAD) maintains records of all exemptions. Property owners must file for the specific exemption they wish to obtain.

For further information, contact the Dallas Central Appraisal District at:

DCAD
2949 Stemmons Freeway
Dallas TX 75247
214-631-0910
www.dallascad.org
M-Th 7:30 am - 5:30 pm
F 7:30 am - 5:00 pm


Paying Your Taxes

The Dallas County Tax Office (DCTO) performs property tax collection for the City of University Park, as well as Dallas County and the Highland Park Independent School District. Tax bills are mailed in October each year and are due by January 31. Taxes may be paid by mail, in person at a DCTO main or branch office, or by the Internet with a credit card (go to www.dallascounty.org and select "Tax Department"). Tax payments may also be brought to UP City Hall for forwarding to DCTO. All tax payments delivered to City Hall are considered "received" as of the date delivered to City Hall.

Real property accounts with unpaid taxes after July 31 are considered delinquent and are forwarded to a law firm for collection. Penalty and interest charges are assessed monthly against all delinquent accounts.

For further information, contact the Dallas County Tax Office:

DCTO
500 Elm Street, 1st Floor
Records Building
Dallas, TX 75202
214-653-7811
www.dallascounty.org


Sales Taxes

The City receives 1.00% of each sales dollar spent in University Park. The total sales tax rate of 8.25% is composed as follows:

City of University Park: 1.00%
DART: 1.00%
State of Texas: 6.25%
TOTAL: 8.25%