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What Are Property Taxes? Property tax payments are taxes you pay based on the value of your home as well as your state and municipality tax rates. This tax on real estate is paid to...

For the taxing authority, one advantage of the property tax over the sales tax or income tax is that the revenue always equals the tax levy, unlike the other taxes. The property tax typically produces the required revenue for municipalities' tax levies.

The Commissioners' Court meets the first and third Tuesday at the Commissioners' Courtroom located in the Dallas County Administration Building at 411 Elm St., corner of Elm and Houston streets. The building was the headquarters of the Texas School Book Depository Company until 1970.

To calculate the property tax, the authority multiplies the assessed value by the mill rate and then divides by 1,000. For example, a property with an assessed value of $50,000 located in a municipality with a mill rate of 20 mills would have a property tax bill of $1,000 per year. [5] By jurisdiction [ edit]