The Dallas Country Club is Now Worth $36 Million, DCAD Says. Cue the Lawsuit in 3 ... 2 ...

Categories: Real Estate

Thumbnail image for OriginalDCCClubhousejpg.jpg
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The original DCC clubhouse.
Around this time last year, the Internet had a collective chuckle when the Dallas Country Club sued the Dallas County Appraisal District, hoping to lower its annual property tax bill. The county appraisers had valued the club's 118-acre property in the heart of the Park Cities at around $15 million, good for a reported $270,000 tax bill. The club argued that the real value was closer to $10 million.

Considering nearby home prices -- there's a less-than-half-acre manse listed for $7.5 million across the street -- both valuations seem laughably low. Then again: Under state law, the land used by country clubs can only be valued based on its current use, rather than what it might be worth if sold on the open market. Plus, when DCAD appraised the club last year, DCC's stately new clubhouse, a reported $27 million project, was still under construction.

Not this year, though.

The ribbon's been cut on the club's new digs, and DCAD has responded by upping the club's valuation to a more-reasonable-sounding $36 million, with an estimated tax bill of $721,000, records show. DCC has until June 21 to protest.

It probably will. And depending on the outcome, there's a good chance it takes DCAD back to court. The club has saved $15 million over the years by filing six similar lawsuits, the News reported last year. (I reached out to the club and its attorney but haven't heard back.)

The lawsuit over the club's 2011 valuation is still in settlement negotiations, court records show. If history is any indication, everyone should probably get comfortable at that negotiating table.


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24 comments
Perry Moore
Perry Moore

I love my country, where we can all skewer the rich while we work our asses off trying to be one of them. I'll never make it there, but I secretly pray that someday my children will be rich enough to afford a nice college building in my name.

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trannyntraining
trannyntraining

I'm just glad that they got to save $15 million dollars from those lawsuits. Whew! Maybe, i'll get some better rest tonight. See y'all at the clubhouse, Muffy and Buffy....toodles!

[this post sent from my mom's basement]

ScottsMerkin
ScottsMerkin

If you arent protesting your values, you are wasting money.  Any good business knows this

The Credible Hulk
The Credible Hulk

I'm glad I'm not rich, it seems like an exhausting condition.

Just imagine all of the energy you've got to expend to defend that wealth from the filthy underclass.

Dallas Diner
Dallas Diner

Maybe they could admit a black attorney as a member and he'd handle the case pro bono?

Steve
Steve

That fuckin' crybaby Jim Schutze must be PISSED.

Heeb Convert
Heeb Convert

Tone is just envious because they won't let him become a member.

Jeff Whittle
Jeff Whittle

Valuation is always an imperfect science.  I can see both sides of the argument.  Should make for good Unfair Park content going forward...

Montemalone
Montemalone

I guess they'll have to raise the price of a G&T to $97.50

Dalguy
Dalguy

$36 million is a joke.  Put that property on the market and you are looking hundreds of millions, but of course the 1% lives in the Park Cities and controls Dallas.

T. Erickson
T. Erickson

Maybe they spent all the tax money on that 10 p.m. fireworks display.

NewsDog
NewsDog

'I wouldn't want to join any club that would have me for a member'.

scottindallas
scottindallas

it's not that imperfect.  Perhaps we need Mark Cuban to make a $100million offer to buy the clubhouse and then drop the bill on them.  Hell, the higher they have to jack their fees, the more it does for their cache.

pak152
pak152

 easier to demagogue than it is to deal with the facts

BG
BG

"Under state law, the land used by country clubs can only be valued based on its current use, rather than what it might be worth if sold on the open market."

Try again.

NewsDog
NewsDog

Did you not read the part of the article that said the land gets valued at it's current use, not a potential future use??? 

scottindallas
scottindallas

 they must have spent $50-70k.  At least that's what the DAC spends.  Though they aren't near as exclusive as DCC

Dalguy
Dalguy

Clearly there are those who are totally clueless as to the actual market value of the Dallas Country Club golf course, elaborate new clubhouse and facilities as is for its current use. 

Gangy
Gangy

Ok, if it was on the market as a country club/golf resort, do you think it would be sold for less than $36 million?

primi_timpano
primi_timpano

 Maybe if they give Club Corporation a nice friends and family discount.  New clubhouse, pretty course in the middle of the most expensive real estate, no black members to scare you in the parking lot or entice your wife and daughter into a love triangle, no Jews to make you feel stupid in the board meetings and argue about where to get the best nova.  Best minimum wage Mexican labor this side of San Antonio. This is not worth 36mm, it is priceless.

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