Collin County Property Taxes
The median property tax rate in Collin County is 1.60%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Collin County at $477,029, the typical annual property tax bill reaches $7,555, far exceeding the national median of $2,690. Property taxes in Collin County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Collin County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Plano or another part of Collin County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Collin County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$7,632
$7,062
$1,148
Average Collin County Tax Savings
Ownwell’s Collin County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Collin County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Collin County to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also highlights how Ownwell can help lower property taxes in Collin County. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property's assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Collin County, Texas
Property taxes in Collin County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Collin County is 1.60%, which is higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Collin County set these rates annually, and they can vary significantly between different areas within the county. Each year, Collin County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Celina has one of the higher property tax rates in Texas at 2.06%, while the city of New Home boasts one of the lowest at 1.04%. Analyzing how Collin County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Collin County Tax Rate
1.60%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Collin County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allen | 1.36% | 1.43% | 1.52% | 1.79% | 1.79% |
| Anna | 1.46% | 1.61% | 2.00% | 2.00% | 2.00% |
| Blue Ridge | 0.47% | 0.93% | 1.49% | 1.64% | 1.99% |
| Celina | 1.47% | 1.63% | 2.06% | 2.08% | 2.10% |
| Dallas | 1.60% | 1.72% | 1.85% | 2.04% | 2.04% |
| Fairview | 1.30% | 1.41% | 1.53% | 1.67% | 1.80% |
| Farmersville | 0.75% | 1.12% | 1.41% | 1.73% | 2.12% |
| Frisco | 1.27% | 1.35% | 1.45% | 1.69% | 1.69% |
| Garland | 1.56% | 1.60% | 1.67% | 1.78% | 2.00% |
| Josephine | 1.54% | 1.71% | 1.96% | 2.44% | 2.44% |
| Lavon | 1.45% | 1.55% | 1.85% | 1.91% | 1.91% |
| Leonard | 0.46% | 0.80% | 1.20% | 1.46% | 1.49% |
| Lucas | 1.07% | 1.33% | 1.49% | 1.74% | 1.74% |
| Mckinney | 1.32% | 1.41% | 1.53% | 1.79% | 1.79% |
| Melissa | 1.49% | 1.56% | 1.94% | 1.94% | 1.94% |
| Murphy | 1.41% | 1.45% | 1.50% | 1.69% | 1.72% |
| Nevada | 0.97% | 1.26% | 1.49% | 1.54% | 1.81% |
| New Home | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| Parker | 1.17% | 1.24% | 1.40% | 1.63% | 1.69% |
| Plano | 1.36% | 1.43% | 1.53% | 1.73% | 1.73% |
| Princeton | 1.29% | 1.49% | 1.68% | 1.93% | 1.93% |
| Prosper | 1.45% | 1.52% | 1.65% | 2.00% | 2.00% |
| Richardson | 1.45% | 1.53% | 1.64% | 1.84% | 1.87% |
| Rockwall | 0.80% | 1.00% | 1.23% | 1.49% | 1.49% |
| Royse City | 1.37% | 1.49% | 1.89% | 2.07% | 2.44% |
| Sachse | 1.70% | 1.76% | 1.82% | 2.09% | 2.09% |
| St Paul | 1.16% | 1.50% | 1.69% | 1.69% | 1.69% |
| Van Alstyne | 0.92% | 1.15% | 1.30% | 1.46% | 1.46% |
| Weston | 1.42% | 1.83% | 1.83% | 1.83% | 1.83% |
| Whitewright | 0.58% | 0.84% | 1.22% | 1.22% | 1.43% |
| Wylie | 1.44% | 1.63% | 1.76% | 1.98% | 1.98% |
Source: Ownwell
$1,148
Average Collin County Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Collin County, Texas
In Collin County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Collin County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Collin County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Parker has the highest median tax bill at $16,618, while St. Paul has the lowest at $1,314. Being aware of these valuation processes in Collin County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Collin County Assessed Value
$477,029
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Collin County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allen | $319,500 | $412,879 | $519,316 | $712,658 | $935,334 |
| Anna | $57,327 | $275,870 | $341,594 | $401,694 | $489,480 |
| Blue Ridge | $60,614 | $124,640 | $269,844 | $543,726 | $768,014 |
| Celina | $77,500 | $295,876 | $496,234 | $668,543 | $894,382 |
| Dallas | $250,120 | $409,726 | $540,934 | $709,869 | $941,352 |
| Fairview | $388,606 | $483,722 | $616,611 | $1,055,424 | $1,524,836 |
| Farmersville | $77,842 | $163,318 | $279,606 | $420,705 | $611,160 |
| Frisco | $371,759 | $454,965 | $594,898 | $802,132 | $1,038,853 |
| Garland | $104,138 | $459,260 | $526,386 | $607,060 | $808,021 |
| Josephine | $145,214 | $251,541 | $290,314 | $335,000 | $415,774 |
| Lavon | $43,320 | $153,287 | $344,927 | $415,004 | $514,464 |
| Leonard | $73,275 | $145,062 | $305,078 | $536,236 | $760,974 |
| Lucas | $40,000 | $86,800 | $166,488 | $532,397 | $1,116,231 |
| Mckinney | $274,497 | $389,361 | $489,242 | $619,028 | $767,830 |
| Melissa | $80,000 | $308,341 | $427,884 | $520,828 | $603,745 |
| Murphy | $411,257 | $467,222 | $558,596 | $665,718 | $758,251 |
| Nevada | $49,950 | $86,399 | $243,985 | $444,471 | $563,577 |
| New Home | $685,968 | $685,968 | $685,968 | $685,968 | $685,968 |
| Parker | $665,039 | $886,882 | $1,207,453 | $1,506,258 | $1,738,178 |
| Plano | $301,974 | $381,910 | $482,804 | $614,613 | $762,154 |
| Princeton | $49,600 | $131,904 | $297,286 | $355,702 | $414,293 |
| Prosper | $235,366 | $602,447 | $758,058 | $938,852 | $1,176,377 |
| Richardson | $380,071 | $463,689 | $530,870 | $629,267 | $722,625 |
| Rockwall | $79,323 | $168,859 | $360,561 | $853,000 | $1,046,798 |
| Royse City | $45,956 | $209,806 | $306,867 | $354,310 | $401,502 |
| Sachse | $334,235 | $384,949 | $483,313 | $581,352 | $642,182 |
| St Paul | $63,922 | $80,373 | $95,918 | $206,278 | $393,398 |
| Van Alstyne | $81,250 | $228,602 | $444,628 | $534,196 | $705,283 |
| Weston | $116,592 | $171,830 | $199,403 | $223,639 | $405,302 |
| Whitewright | $114,862 | $190,310 | $284,039 | $478,986 | $565,708 |
| Wylie | $133,698 | $314,153 | $393,444 | $508,280 | $616,396 |
Source: Ownwell
$1,148
Average Collin County Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Collin County, Texas
In Collin County, TX, property tax bills are calculated based on the assessed value of your home. This assessed value is determined by the county appraisal district and is then multiplied by the local tax rate. For example, with a median home price of $477,029, homeowners can expect varying tax bills depending on their property’s assessed value. The 25th percentile tax bill is around $5,848, while the 75th percentile reaches $9,960, and the 90th percentile can go up to $13,117. Homeowners in cities like Parker face the highest median tax bill of $16,618, while those in St. Paul encounter the lowest at $1,314. These figures highlight the significant impact property taxes can have on homeowners' finances. Ownwell steps in to help homeowners by providing expert property tax appeal and exemption services. By challenging over-assessments and securing eligible exemptions, Ownwell can help you save substantially on your property tax bill, ensuring you only pay your fair share.
Average Collin County Tax Bill
$7,555
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Collin County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allen | $5,181 | $6,333 | $8,080 | $10,931 | $14,409 |
| Anna | $1,139 | $4,244 | $6,171 | $7,310 | $8,663 |
| Blue Ridge | $753 | $1,461 | $2,908 | $5,400 | $8,478 |
| Celina | $1,613 | $4,754 | $8,984 | $12,368 | $15,966 |
| Dallas | $4,754 | $7,467 | $9,908 | $13,013 | $16,457 |
| Fairview | $6,027 | $7,414 | $9,480 | $14,735 | $22,754 |
| Farmersville | $952 | $1,954 | $3,977 | $5,899 | $7,142 |
| Frisco | $5,573 | $6,862 | $8,787 | $11,588 | $14,916 |
| Garland | $1,625 | $7,729 | $8,785 | $10,274 | $14,122 |
| Josephine | $2,432 | $4,809 | $6,174 | $6,972 | $7,859 |
| Lavon | $763 | $2,362 | $6,059 | $7,346 | $8,646 |
| Leonard | $692 | $1,269 | $2,633 | $5,139 | $8,184 |
| Lucas | $595 | $1,253 | $2,635 | $6,778 | $13,149 |
| Mckinney | $4,167 | $6,043 | $7,567 | $9,569 | $12,031 |
| Melissa | $1,524 | $5,151 | $7,380 | $9,043 | $10,844 |
| Murphy | $6,203 | $7,175 | $8,615 | $10,236 | $11,869 |
| Nevada | $679 | $1,152 | $3,132 | $6,136 | $7,834 |
| New Home | $7,122 | $7,122 | $7,122 | $7,122 | $7,122 |
| Parker | $8,783 | $13,126 | $16,618 | $20,052 | $24,454 |
| Plano | $4,773 | $5,972 | $7,403 | $9,271 | $11,655 |
| Princeton | $851 | $1,765 | $5,193 | $6,475 | $7,431 |
| Prosper | $4,040 | $9,988 | $12,670 | $15,984 | $20,285 |
| Richardson | $6,214 | $7,513 | $8,786 | $10,271 | $12,038 |
| Rockwall | $1,000 | $1,989 | $3,917 | $9,519 | $13,480 |
| Royse City | $891 | $3,110 | $5,976 | $6,970 | $7,880 |
| Sachse | $6,155 | $7,189 | $8,957 | $10,788 | $12,074 |
| St Paul | $851 | $880 | $1,314 | $3,492 | $6,660 |
| Van Alstyne | $1,047 | $2,427 | $5,276 | $6,644 | $8,396 |
| Weston | $2,132 | $3,142 | $3,646 | $4,090 | $5,269 |
| Whitewright | $1,398 | $2,045 | $2,839 | $3,709 | $5,487 |
| Wylie | $2,176 | $5,482 | $6,942 | $8,807 | $11,197 |
Source: Ownwell
$1,148
Average Collin County Tax Savings
Save on your property taxes & more with Ownwell.
Want to lower your Collin County property taxes?
Looking to reduce your Collin County property taxes? Ownwell is the leading property tax protest company serving Collin County. We specialize in helping property owners in the Plano area and beyond lower their taxes by working directly with the Collin County Appraisal District. Through our tax monitoring service, we collect all necessary information to maximize your tax reductions. We navigate the complexities of the Collin County property tax protest process and identify all available property tax exemptions so you don’t have to. Whether you are a homeowner, a real estate investor, or an asset manager, our local team at Ownwell has the expertise to assess your current property tax situation and identify strategic opportunities for reducing your tax burden. By managing the protest process from beginning to end, we not only simplify the procedure but also increase your chances of obtaining a favorable result. Let Ownwell be your trusted partner in lowering your Collin County property tax expenses through our proven strategies and expert advocacy.
Property Tax Protests in Texas
In Collin County, TX, the property tax protest process offers homeowners a structured way to appeal their property tax assessments. This process begins with homeowners receiving their property tax assessment notice, which details the assessed value of their property. If homeowners believe this value is inaccurate, they can file a protest with the Collin County Appraisal District (CCAD). The first step in the appeal process involves submitting a formal protest, either online, by mail, or in person, typically within 30 days of receiving the assessment notice. Homeowners should provide evidence to support their claim, such as recent sales data of comparable properties, independent appraisals, or evidence of property defects that may affect its value. Once the protest is filed, the CCAD schedules an informal meeting where homeowners can discuss their concerns with an appraiser. If an agreement is not reached during this meeting, the next step is a formal hearing before the Appraisal Review Board (ARB). The ARB is an independent panel that listens to both the homeowner and the appraisal district before making a decision. Potential outcomes of the appeal process include a reduction in the assessed value, which can lead to a lower property tax bill, or the original assessment being upheld. In some cases, the ARB may also increase the assessed value if the evidence supports such a decision. Ownwell assists homeowners throughout this process by providing expert guidance and representation. Our team gathers the necessary evidence, files the protest on behalf of the homeowner, and represents them during both the informal meeting and the ARB hearing. This comprehensive support increases the likelihood of a successful appeal, ensuring homeowners pay only their fair share of property taxes.
Exemptions in Texas
Collin County, TX offers several property tax exemption programs designed to help homeowners reduce their tax burden. The most notable exemption is the Homestead Exemption, which is available to homeowners who use the property as their primary residence. This exemption can significantly lower the assessed value of the home, resulting in reduced property taxes. Another key exemption is the Over-65 Exemption, which provides additional tax relief for senior citizens. Homeowners who are 65 years or older can qualify for this exemption, which further reduces the assessed value of their property. Similarly, the Disabled Person Exemption offers tax relief to homeowners with qualifying disabilities, ensuring they are not overburdened by property taxes. Veterans and their surviving spouses may also benefit from the Disabled Veteran Exemption, which provides significant tax reductions depending on the degree of disability. Finally, the Agricultural Exemption is available for properties primarily used for farming or ranching, offering substantial tax savings based on the land's use. Applying for these exemptions typically involves submitting relevant forms and documentation to the Collin County Appraisal District. This can be a complex process, but Ownwell can help homeowners navigate the application procedure, ensuring they take full advantage of the available exemptions. Our expertise simplifies the process and maximizes potential savings.
Available Exemptions
Senior
Disabled
Home Stead
Veteran
Solar/Wind
Non-Profit
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Collin Appraisal District | |
| Phone | (469) 742-9200 |
| Website | esearch.collincad.org |
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