State Fair of Texas 2023 SFOT

New property value numbers released

by | Aug 6, 2020 | Latest

A new set of property value numbers certified by Collin Central Appraisal District this week favor taxing entities as the values increased almost across the board from estimates released in the spring.

Cities, schools and other entities calculate their property tax rates based on certified values, but will make do this year with certified estimates that have been updated from the estimates released by CCAD in April. The CAD released the revised estimates Tuesday.

Because of the COVID-19 pandemic, deadlines to file property value protests were extended a month until June 15, which delayed the appraisal district from conducting protest hearings. Subsequently, CCAD was not been able to certify 2020 values by the statutory deadline of July 25.

The revised estimates show that property values in Collin County increased 4.86 percent, whereas the spring estimate indicated a 4.53 percent increase.

In a rapid growth area such as Princeton, the increase in property values went to 18.1 percent from the spring estimate of 13.38 percent.

Collin County Tax Office will issue tax rate calculations for entities, giving political bodies a starting place from which to set the 2020 levies. The tax office numbers will include a “no new revenue” tax rate, formerly known as the effective tax rate under which tax bills do not increase on existing property.

From Staff Reports • [email protected]

Collin College Farmersville Fall Registration 2023 250x300

0 Comments

Related News

New ammo for fentanyl battle

New ammo for fentanyl battle

Fentanyl poisoning continues to claim a growing percentage of drug deaths in the state, according to the Texas Health Data dashboard published online by the Department of State Health Services (DSHS). As of Aug. 25, 45.39% of all drug deaths were attributed to...

read more
Community service program halted

Community service program halted

The Farmersville Rotary Club, acting on the advice of one its members who happens to be Farmersville’s Chief of Police, has temporarily suspended a community service project aimed at cleaning up Farmersville. Police Chief Marsha Phillips said she is uncertain on when...

read more
Congressman talks key issues at Rotary Luncheon

Congressman talks key issues at Rotary Luncheon

Keith Self issued a warning to residents of the Third Congressional District he represents in the U.S. House of Representatives. “Strap your seat belts on,” said the freshman congressman in remarks to the Farmersville Rotary Club, “because a lot of things are going to...

read more
EVs charging ahead in a green revolution

EVs charging ahead in a green revolution

Collin County ranks fourth statewide in the number of electric vehicles (EV) registered, according to Dallas-Fort Worth Clean Cities and the North Central Texas Council of Governments (NCTCOG). Overall, Texas had 217,000 EVs registered as of Aug. 22. Although Harris...

read more
Give where you live

Give where you live

Local nonprofits need your support on North Texas Giving Day Supporting a favorite local nonprofit or cause doesn’t have to be difficult or time consuming if you live in North Texas thanks to a unique fundraising event started in 2009. For 15 years, the Communities...

read more
Parks proposition is on November ballot

Parks proposition is on November ballot

Texas ranks 35th nationally in state park acreage per resident. But voters will be asked in November to help improve that ratio. Proposition 14 on the Nov. 7 ballot would amend the state constitution to create the Centennial Parks Conservation Fund allowing the Texas...

read more
Farmers, Bearcats game cancelled due to weather

Farmers, Bearcats game cancelled due to weather

After a nice start to the season, Mother Nature interrupted the hotter than average football season with unexpected bad weather Friday night. Farmersville, sporting a 2-0 record and averaging over 50 pts a game this year, played less than half a quarter at Pilot...

read more
Leaderboard American Heart Association