Collin Countys Property Values Jump Nearly 11 Percent

Dated: May 13 2015

Views: 468

Collin County’s property values jump nearly 11% to almost $100B

By WENDY HUNDLEYwhundley@dallasnews.com

Staff Writer

Published: 04 May 2015 10:50 PM

Updated: 05 May 2015 08:48 AM

Collin County’s total estimated valuations for 2015 have reached $96 billion, up 10.79 percent from last year.

Over 3 percent of that growth — or $2.7 billion — comes from new construction.

While that represents a lot of new homes, stores and offices, it doesn’t come close to the heyday of the building boom in Collin County.

“It’s not approaching what new construction would have been several years back,” said Bo Daffin, chief appraiser for the Collin Central Appraisal District.

The value of the average home jumped 10.7 percent over last year, mirroring the overall increase for the county.

And growth continues to expand, especially in the northern and western part of the county.

“It’s moving up the [Dallas North] Tollway corridor and up Central Expressway,” Daffin said.

Taxable values in Anna and Melissa, for example, are up more than 14 percent.

Valuations in Princeton and Prosper are up more than 15 percent. Sachse has seen a 20 percent jump as residential growth continues.

Plano, on the other hand, is Collin County’s largest city but it’s running out of vacant land for new construction. Its tax base grew by slightly more than 7 percent over the past year.

Property annexations are adding to the tax rolls in several municipalities.

Frisco’s 11 percent jump in taxable values was boosted by $23 million in newly annexed property.

Mckinney and Celina also saw their tax bases increase through property annexations.

Probably the most eye-popping increase was seen by the Collin County Water Control and Improvement District No. 3, a newly formed taxing jurisdiction.

Its certified property values soared from $2 million to $25 million over the past year — an increase of more than 1,000 percent.

That’s largely due to the Inspiration housing development being built near Lavon Lake, Daffin said.

Last year, it was vacant land. “This is the first year for a large number of homes being constructed,” he said.

The housing market also affects valuations.

“Supply and demand is historically low in North Texas and Collin County specifically,” Daffin said. “We’re being told there’s less than two months supply of housing inventory available to be sold.”


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COLLIN COUNTY TAXING DISTRICTS

2014 certified

taxable value

(in millions)

2015 estimate

(in millions)

Percent

change

SCHOOLS

Allen ISD

$9,222

$10,300

+11.69

Anna ISD

$656.9

$740

+ 12.64

Bland ISD

$7.1

$7.8

+ 9.73

Blue Ridge ISD

$133.8

$140

+ 4.63

Celina ISD

$751.1

$850

+13.16

Community ISD

$537.4

$580

+7.93

Farmersville ISD

$377.7

$404

+6.96

Frisco ISD

$16,590.7

$18,470

+11.33

Gunter ISD

$.477

$.482

+1.05

Leonard ISD

$7.9

$8.2

+3.32

Lovejoy ISD

$1,929.9

$2,130

+10.37

Mckinney ISD

$10,591.7

$11,615

+9.66

Melissa ISD

$576.9

$660

+14.41

Plano ISD

$38,801.2

$41,945

+8.10

Princeton ISD

$593.5

$660

+11.21%

Prosper ISD

$2,938.7

$3,470

+18.08

Rockwall ISD

$.597

$.622

+4.07

Royse City ISD

$93.1

$106

+13.90

Trenton ISD

$6.4

$6.6

+3.24

Van Alstyne ISD

$34.1

$36.8

+7.77

Whitewright ISD

$4.2

$4.3

+2.60

Wylie ISD

$3,893.8

$4,305

+10.56

CITIES, TOWNS

Allen

$9,175.4

$10,100

+10.08

Anna

$510.7

$585

+14.56

Blue Ridge

$26.9

$28

+3.93

Carrollton

$39.5

$40.9

+3.47

Celina

$555.7

$630

+13.37

Dallas

$4,048.4

$4,275

+5.60

Fairview

$1,337.8

$1,420

+6.14

Farmersville

$161.2

$166.5

+3.27

Frisco

$11,219.9

$12,500

+11.41

Garland

$22.9

$23

+0.42

Josephine

$42.6

$46.5

+9.07

Lavon

$195.5

$216

+10.48

Lowry Crossing

$100.9

$107

+6.00

Lucas

$764.9

$856

+11.92

Mckinney

$13,440.9

$14,950

+11.23%

Melissa

$482.4

$553

+14.63

Murphy

$1,798.4

$1,943

+8.04

Nevada

$50.8

$54

+6.26

New Hope

$37.3

$38.7

+3.78

Parker

$615

$675

+9.76

Plano

$27,899.6

$29,940

+7.31

Princeton

$343.3

$400

+16.51

Prosper

$1,813.5

$2,093

+15.41

Richardson

$4,278.5

$4,500

+5.18

Royse City

$87.8

$101

+15.03

Sachse

$535.3

$643

+20.13

St. Paul

$77.5

$83

+7.10

Weston

$15.7

$16.5

+5.06

Wylie

$2,710.8

$2,960

+9.19

OTHERS

Collin County

$86,648.7

$96,000

+10.79

Collin Co. College

$89,152.2

$98,750

+10.77

Collin County

MUD No. 1

$79.8

$155

+94.28

Mckinney

MUD No. 1

$13.3

$50

+274.76

Collin County

WCID No. 3

$2.1

$25

+1091.04

Seis Lagos

Utility District

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Terry Ivie

Texas Real Estate Consumer Protection Notice

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