The Dallas Central Appraisal District (DCAD) and the Collin County Appraisal District (CCAD) recently released preliminary tax roll figures, which City staff presented to the City Council Monday. Estimated property values for Richardson as of Jan. 1, 2021 were approximately $20.3 billion, compared to the near-$18.6 billion from the final 2020 certified roll, slightly more than a 9 percent increase. However, with commercial properties expected to receive valuation adjustments due to the coronavirus pandemic, City staff predict that the total taxable value will drop to $19.6 billion, a 5.6 percent increase.
Last year, the tax roll certification date that normally occurs in late July was postponed several weeks, requiring cities to use “certified estimates” in budget planning, but both the DCAD and CCAD have advised they believe this year they will meet the 2021 deadline (July 25).
The Richardson City Council will meet for its annual budget workshop July 26-27.
