A booming real estate market drove steep rises in taxable property values across Dallas County this year, the head of the Dallas Central Appraisal District said Tuesday. Residential property values jumped by 9.9 percent this year across the county, while commercial property values increased 14.6 percent, said Ken Nolan, the district's chief appraiser. The value of new construction rose 25 percent versus last year. Nolan unveiled the preliminary appraised values at the Dallas County Commissioners Court, noting that the total values are expected to drop after property owners protest their values and many see reductions. "We've never seen a market as robust as we've seen in the last two to three years in Dallas," Nolan told the commissioners. "People actually knock on people's doors, [asking] 'Do you want to sell your house?' Because there are so many people coming here."
- Dallas Morning News, May 16, 2017