4

Keeping You Appraised of Rising Land Values Downtown

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

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.

Newsletters

All-access pass to the top stories, events and offers around town.

  • Top Stories
    Send: