Average Tax Assessment in Collin County
Real Estate Values and Property Tax Valuation in Collin County, Texas
Collin County has a total of 323,698 properties, with a cumulative value of $152.3B, making up 7.15% of all real estate value in Texas. Property taxes in Collin County totaled $2.1B, with an average homeowner paying $6,646 in property taxes, which is significantly higher than the state average of $4,015. The average property tax rate in Collin County is 1.39%, which is lower than the state average of 1.69%. Properties are typically valued for tax purposes based on their market value.
The property tax timeline in Texas begins on January 1st, when the property valuation date is set. Property value notices are issued between April and May, and the property tax appeal deadline is May 15th or 30 days after the notices are issued. The real property tax bill is due on January 31st for the preceding year's gross tax bills.
Updated November 01, 2023
| Important Links | |
|---|---|
| Collin Clerk | (972) 548-4134 |
| TexasFile Clerk Records | - |
| Important Dates | |
|---|---|
| Real Property Tax Bill Due (1st of #): | January 31st, Gross tax bills for preceding year |
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - May |
| Property Tax Appeal Deadline: | May 15th or 30 days after notices are issued |
| Property Tax Bills Issued: | October 1st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Collin County
Residential Property Taxes by Cities in Collin County
Collin County has an average property tax rate of 1.39%, which is lower than the state average of 1.83%. This makes Collin County an attractive place for homeowners looking to save on their property taxes. The city of Sachse has the highest effective property tax rate in the county at 1.62%, while Royse City has the lowest effective property tax rate at 0.53%. This shows that there is a wide range of property tax rates across the cities in Collin County, with some cities having higher rates than others. Homeowners should take this into consideration when deciding where to buy a home in the county.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Collin County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allen | $280,094 | $363,722 | $451,488 | $623,998 | $830,000 |
| Anna | $75,000 | $240,656 | $303,424 | $359,476 | $439,959 |
| Blue Ridge | $55,491 | $125,332 | $254,042 | $510,402 | $713,574 |
| Celina | $169,986 | $337,912 | $462,812 | $615,470 | $834,450 |
| Dallas | $208,211 | $351,765 | $476,032 | $622,624 | $790,009 |
| Fairview | $340,321 | $419,115 | $534,000 | $900,894 | $1,277,745 |
| Farmersville | $66,351 | $140,436 | $260,044 | $401,790 | $569,743 |
| Frisco | $336,187 | $400,906 | $521,950 | $700,000 | $905,499 |
| Josephine | $91,405 | $135,931 | $245,320 | $289,700 | $349,224 |
| Lavon | $68,400 | $268,774 | $323,710 | $387,804 | $490,330 |
| Mckinney | $261,767 | $350,789 | $435,134 | $550,692 | $683,147 |
| Melissa | $135,138 | $311,354 | $386,000 | $455,708 | $533,037 |
| Murphy | $371,649 | $425,006 | $505,056 | $600,043 | $701,068 |
| Nevada | $49,972 | $95,693 | $231,733 | $405,366 | $508,520 |
| Parker | $497,146 | $826,849 | $1,055,667 | $1,356,327 | $1,597,288 |
| Plano | $270,703 | $339,760 | $425,339 | $540,000 | $672,912 |
| Princeton | $61,600 | $133,092 | $278,948 | $326,014 | $381,066 |
| Prosper | $285,409 | $540,482 | $674,958 | $828,656 | $1,086,604 |
| Richardson | $346,352 | $411,502 | $467,542 | $545,313 | $630,000 |
| Royse City | $62,515 | $111,366 | $255,496 | $315,760 | $372,430 |
| Sachse | $291,724 | $346,828 | $436,252 | $524,206 | $579,298 |
| Wylie | $152,340 | $287,507 | $351,485 | $446,372 | $536,761 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Collin County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allen | $3,564 | $5,172 | $6,771 | $9,434 | $12,708 |
| Anna | $807 | $2,031 | $4,565 | $5,455 | $6,415 |
| Blue Ridge | $251 | $673 | $1,892 | $3,653 | $6,090 |
| Celina | $1,536 | $3,710 | $6,854 | $9,888 | $13,055 |
| Dallas | $3,075 | $5,143 | $7,581 | $10,196 | $13,283 |
| Fairview | $3,438 | $4,955 | $7,115 | $12,319 | $18,832 |
| Farmersville | $429 | $974 | $2,258 | $4,231 | $5,577 |
| Frisco | $3,379 | $5,425 | $7,031 | $9,520 | $12,122 |
| Josephine | $550 | $555 | $1,502 | $4,774 | $5,746 |
| Lavon | $1,415 | $3,020 | $5,183 | $6,243 | $7,266 |
| Mckinney | $2,616 | $4,907 | $6,335 | $8,134 | $10,247 |
| Melissa | $1,076 | $3,327 | $5,857 | $7,214 | $8,559 |
| Murphy | $5,062 | $6,213 | $7,701 | $9,371 | $10,820 |
| Nevada | $417 | $906 | $2,317 | $4,661 | $6,126 |
| Parker | $2,751 | $8,769 | $14,040 | $17,575 | $20,744 |
| Plano | $2,711 | $4,352 | $5,944 | $7,669 | $9,763 |
| Princeton | $600 | $1,197 | $3,617 | $5,305 | $6,223 |
| Prosper | $2,582 | $7,626 | $10,229 | $12,557 | $16,305 |
| Richardson | $4,012 | $5,595 | $7,371 | $8,915 | $10,442 |
| Royse City | $255 | $521 | $610 | $1,865 | $5,138 |
| Sachse | $3,225 | $5,715 | $7,386 | $9,414 | $10,633 |
| Wylie | $1,186 | $4,109 | $5,902 | $7,458 | $9,273 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allen | 1.27% | 1.42% | 1.50% | 1.51% | 1.53% |
| Anna | 1.08% | 0.84% | 1.50% | 1.52% | 1.46% |
| Blue Ridge | 0.45% | 0.54% | 0.74% | 0.72% | 0.85% |
| Celina | 0.90% | 1.10% | 1.48% | 1.61% | 1.56% |
| Dallas | 1.48% | 1.46% | 1.59% | 1.64% | 1.68% |
| Fairview | 1.01% | 1.18% | 1.33% | 1.37% | 1.47% |
| Farmersville | 0.65% | 0.69% | 0.87% | 1.05% | 0.98% |
| Frisco | 1.01% | 1.35% | 1.35% | 1.36% | 1.34% |
| Josephine | 0.60% | 0.41% | 0.61% | 1.65% | 1.65% |
| Lavon | 2.07% | 1.12% | 1.60% | 1.61% | 1.48% |
| Mckinney | 1.00% | 1.40% | 1.46% | 1.48% | 1.50% |
| Melissa | 0.80% | 1.07% | 1.52% | 1.58% | 1.61% |
| Murphy | 1.36% | 1.46% | 1.52% | 1.56% | 1.54% |
| Nevada | 0.83% | 0.95% | 1.00% | 1.15% | 1.20% |
| Parker | 0.55% | 1.06% | 1.33% | 1.30% | 1.30% |
| Plano | 1.00% | 1.28% | 1.40% | 1.42% | 1.45% |
| Princeton | 0.97% | 0.90% | 1.30% | 1.63% | 1.63% |
| Prosper | 0.90% | 1.41% | 1.52% | 1.52% | 1.50% |
| Richardson | 1.16% | 1.36% | 1.58% | 1.63% | 1.66% |
| Royse City | 0.41% | 0.47% | 0.24% | 0.59% | 1.38% |
| Sachse | 1.11% | 1.65% | 1.69% | 1.80% | 1.84% |
| Wylie | 0.78% | 1.43% | 1.68% | 1.67% | 1.73% |
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Real Estate Values in Collin County
The median home price in Collin County, Texas has decreased by 1.12% from October 2022 to October 2023, from $495.0K to $489.4K. This decrease in home prices is accompanied by a decrease in home inventory, from 3.8K in October 2022 to 3.2K in October 2023. This suggests that the housing market in Collin County is cooling off, with fewer homes available and lower prices.
Average Home Value in Collin County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Collin County
Last updated: November 2023
Percent Change in New Home Listings in Collin County
Last updated: November 2023
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Mortgage Rates in Collin County
Collin County has a total of $183.6 billion in outstanding home mortgage loans, representing 225.7 thousand individual loans. This amounts to an average of $811,000 per loan, and a total of approximately 24% of the total home value in the county. The median mortgage rate in Collin County varies significantly across cities, with the highest rate in Richardson at 4.8%, and the lowest rate in Melissa at 3.7%. This variation in rates can have a significant impact on the cost of a loan, and it is important for potential borrowers to shop around and compare rates in order to get the best deal.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Collin County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allen | $58,759 | $96,929 | $187,709 | $305,782 | $427,376 |
| Anna | $73,129 | $120,928 | $197,871 | $250,503 | $321,002 |
| Blue Ridge | $26,803 | $56,190 | $132,885 | $276,077 | $380,620 |
| Celina | $121,357 | $216,095 | $295,618 | $387,866 | $504,487 |
| Dallas | $47,537 | $95,736 | $187,809 | $311,972 | $424,725 |
| Fairview | $88,712 | $141,831 | $245,403 | $370,957 | $602,193 |
| Farmersville | $36,708 | $70,500 | $154,390 | $232,112 | $327,494 |
| Frisco | $76,349 | $129,035 | $247,130 | $362,222 | $477,936 |
| Josephine | $91,336 | $151,270 | $192,946 | $239,918 | $272,143 |
| Lavon | $85,954 | $133,896 | $204,964 | $265,357 | $328,800 |
| Mckinney | $70,276 | $117,682 | $213,423 | $302,666 | $390,034 |
| Melissa | $105,461 | $171,737 | $247,889 | $314,043 | $386,389 |
| Murphy | $70,854 | $109,747 | $180,651 | $277,487 | $364,109 |
| Nevada | $42,963 | $85,821 | $174,688 | $260,092 | $353,004 |
| Parker | $244,103 | $391,871 | $506,187 | $674,394 | $883,866 |
| Plano | $44,177 | $79,595 | $152,142 | $264,055 | $365,174 |
| Princeton | $68,580 | $135,970 | $200,342 | $242,465 | $298,139 |
| Prosper | $169,963 | $264,208 | $353,409 | $460,334 | $580,110 |
| Richardson | $46,814 | $91,369 | $160,867 | $280,024 | $383,215 |
| Royse City | $80,474 | $138,870 | $183,450 | $217,121 | $264,615 |
| Sachse | $64,212 | $109,637 | $194,240 | $275,668 | $349,973 |
| Wylie | $64,944 | $96,157 | $178,042 | $273,463 | $353,748 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Collin County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allen | 3.00% | 3.62% | 4.35% | 6.00% | 7.00% |
| Anna | 2.80% | 3.10% | 3.90% | 4.60% | 5.83% |
| Blue Ridge | 2.90% | 3.58% | 4.13% | 5.63% | 6.84% |
| Celina | 2.80% | 3.00% | 3.72% | 4.38% | 5.25% |
| Dallas | 3.00% | 3.68% | 4.45% | 6.27% | 7.34% |
| Fairview | 2.90% | 3.49% | 4.10% | 5.71% | 6.47% |
| Farmersville | 2.90% | 3.43% | 4.12% | 5.71% | 6.88% |
| Frisco | 2.90% | 3.50% | 4.06% | 5.20% | 6.58% |
| Josephine | 2.90% | 3.10% | 3.76% | 4.50% | 5.25% |
| Lavon | 2.80% | 3.09% | 3.94% | 4.75% | 6.08% |
| Mckinney | 2.90% | 3.54% | 4.08% | 5.05% | 6.47% |
| Melissa | 2.80% | 3.05% | 3.70% | 4.40% | 5.25% |
| Murphy | 3.20% | 3.75% | 4.54% | 6.13% | 6.89% |
| Nevada | 2.90% | 3.52% | 4.12% | 5.37% | 6.56% |
| Parker | 2.80% | 3.10% | 3.80% | 4.40% | 5.48% |
| Plano | 3.09% | 3.75% | 4.60% | 6.52% | 7.55% |
| Princeton | 2.80% | 2.99% | 3.79% | 4.60% | 5.97% |
| Prosper | 2.80% | 3.11% | 3.84% | 4.40% | 5.25% |
| Richardson | 3.10% | 3.82% | 4.80% | 6.73% | 7.63% |
| Royse City | 2.90% | 3.48% | 3.92% | 4.60% | 6.01% |
| Sachse | 2.99% | 3.63% | 4.25% | 5.86% | 6.89% |
| Wylie | 2.90% | 3.60% | 4.20% | 5.65% | 6.51% |
Housing Expenses in Collin County, Texas
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