Appraisal value letters were sent out and many residents are seeing increases. (Courtesy photo)
Two million dollars in new construction in the city of Farmersville accounts for an increase in property values, preliminary estimates released last week by the Collin Central Appraisal District show.
Farmersville property values increased 5.84 percent from last year to a new total of $250 million on the tax rolls.
The CCAD estimates are used by taxing entities, such as cities and school districts, to prepare budgets for the next fiscal year, estimating tax rates to fund operations. Certified, or final, property values will be available July 25, after which entities will finalize property tax rates and budgets.
Those who own property in the city limits, pay taxes to the city, Farmersville Independent School District, Collin County and Collin College.
By Wyndi Veigel • News Editor • [email protected]
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