Farmersville certified property tax values released by Collin Central Appraisal District in July increased from estimates made earlier this year.
Collin CAD released its property tax estimates in late March and the certified values on July 18. The certified values are used by governmental entities to set ad valorem taxes to fund their budgets for the year. Farmersville property owners pay taxes to the city, school district, Collin County and Collin College.
The overall certified value for the city of Farmersville came in at $235.39 million, a 10.46 percent increase from 2017 and also more than the 8.70 percent rise estimated in spring.
Farmersville added $2.6 million to its tax rolls from new construction. The value of existing property went up 9.23 percent with the CAD calculating the average price of a home in Farmersville this year at $152,209, compared to $138,737 in 2017.
By Wyndi Veigel • News Editor • [email protected]
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