By Wyndi Veigel
News Editor
Preliminary figures released by the Collin County Central Appraisal District show an increase both within Farmersville city limits and Farmersville Independent School District.
City of Farmersville tax roll increased by 3.27 percent this past year or $166,500,000 compared to last year’s $161,232,100.
New construction for the city of Farmersville is $1,779,000.
The average single-family home price in Farmersville is $100,798 compared to $94,359 last year.
Farmersville ISD’s tax rolls increased by 6.96 percent – from $377,703,796 to $404,000,000.
New construction within Farmersville ISD slightly decreased from $4,691,000 to $4,609,000.
Average home costs within FISD have risen from $108,613 to $121,327.
For Collin County the 2014 certified taxable value increased from 86,648,730,277 to $96,000,000,000 for the 2015 certified estimate taxable value. This represents an increase of 10.79 percent. Home values in the college district changed from $257,767 last year to $287,078 as of April 30, 2015, an increase of 11.37 percent.
Cities and school boards use preliminary tax rolls to begin building their fiscal year budgets. Certified tax rolls are delivered in June.
Owners have until June 1 or 30 days after the date on the appraisal notice, whichever is later, to file protests on the appraised value of their property. Protest hearings are generally completed by the end of July.
A copy of the Property Appraisal – Notice of Protest for the current tax year was included in appraisal notices and may be downloaded at www.collincad.org. Select ‘Forms’ on the right hand side of the ‘Home’ page. As you scroll down the page select ‘Notice of Protest Form’.
To contact the CCAD, call 469-742-9200 or (toll free) 866-467-1110
Property value is determined by size, location and condition, according to information from the appraisal district. Property is reappraised at least every three years. Reappraisals consist of drive-by evaluations.
The appraisal district has protest forms available, but property owners may compose their own notices.
According to a publication issued by the Texas Comptroller’s office, someone may protest if:
- the value the appraisal district placed on your property is too high;
- your property is unequally appraised;
- the appraisal district denied a special appraisal, such as open-space land or incorrectly denied your exemption application;
- the appraisal district failed to provide you with required notices; or
- other matters prescribed by Texas Tax Code 41.41(a.)
Notices of protest may be hand delivered or mailed to the Collin County Central Appraisal District at 250 W. Eldorado Pkwy, McKinney, TX, 75069.
