As expected, the new appraisals from the Dallas County Appraisal District on 13 parcels owned by Chavez Properties was a small sample of a massive increase in appraised values downtown. A random sampling of downtown appraisals, conducted using DCAD’s Web site, shows a consistent revaluing of parcels from $30 and $40 per square foot to $100 per square foot. Its site now includes a “How do I protest?” box where landowners can find out how to fight the new appraisals. We’re thinking DCAD better get ready for an onslaught of complaints.
The Dallas Morning News continued playing catch-up with Unfair Park, publishing another DCAD story this weekend after our post on Friday. The story even included a chart of the Chavez appraised values that we provided on Thursday.
One thing we’re certain of: The News won’t be talking about its own land interest near the convention center hotel, where Belo owns nine investment properties. Each one of those nine parcels went from $40 per square foot to $100 per square foot. The 5.2 acres of land were previously appraised for $9.2 million, and now they’ve soared to $22.8 million -- nearly a 150 percent increase. --Sam Merten
Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.