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Allen, Collin County, Texas Property Taxes

  • Median Allen, TX effective property tax rate: 1.51%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Allen, TX home value: $529,837

  • Median annual Allen, TX tax bill: $7,574, $5,174 higher than the national median property tax bill of $2,400.

How are property taxes in Collin County calculated?

Property taxes in Allen, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding Allen’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Allen, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Allen, Collin County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.51%

Estimate Property Tax Bill

$8,001

$7,424

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Allen Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Allen with just two data points. By entering your property's estimated assessed value, our calculator applies Allen’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Collin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Allen, Collin County, Texas

Local government entities in Allen, located in Collin County, TX, set property tax rates that can vary significantly within the state. This variability is due to each county's annual budgetary needs, which are determined by estimating the required funds to provide services and dividing this by the total value of all taxable property within the jurisdiction. This calculation establishes the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is essentially the annual process.

Allen’s effective property tax rate can be compared to other cities in Texas and the median property tax rates in the state and the U.S. The median property tax rate in Allen is notably higher than the national median of 1.02%. Within the city, the highest median tax rate is found in the 75013 zip code, while the lowest is in the 75002 zip code. This highlights the range of tax rates that can exist even within a single city, influenced by local budgetary requirements and property values.

Property Tax Rates Across Allen, Collin County, Texas

Source: Ownwell

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0.21%

1.09%

1.98%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Allen Tax Rate

1.51%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Collin County Tax Rate

1.49%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Allen, Collin County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
750021.29%1.39%1.47%1.67%1.77%
750131.41%1.48%1.55%1.61%1.77%

Source: Ownwell

Property Tax Assessment Values Across Allen, Collin County, Texas

When examining property taxes in Allen, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Collin County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Collin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Allen.

For example, the median home price in Allen is $529,837, with tax bills ranging significantly across the county. Zip code 75013 has the highest median home price at $662,980.

Property Tax Assessment Values Across Allen, Collin County, Texas

Source: Ownwell

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$284,449

$817,099

$1,349,748

Median Allen Market Value

$529,837

Median Collin County Market Value

$496,962

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Allen, Collin County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75002$310,826$395,150$470,457$601,866$1,022,250
75013$406,943$517,552$662,980$809,924$961,334

Source: Ownwell

Property Tax Bills Across Allen, Collin County, Texas

In Allen, located in Collin County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. With a median home price of $529,837, homeowners in Allen face a significant tax burden. The tax bill for the 25th percentile is $5,658, while those in the 75th percentile pay $10,466, and the 90th percentile reaches $14,124. Notably, the highest median tax bill in the area is $9,269 in the 75013 zip code, while the lowest is $6,560 in the 75002 zip code. These figures are considerably higher than the national median property tax bill of $2,400, highlighting the financial impact on homeowners in Allen. Ownwell offers valuable assistance by helping homeowners appeal their property tax assessments and secure exemptions, potentially reducing their tax bills and easing their financial burden.

Property Tax Bills Across Allen, Collin County, Texas

Source: Ownwell

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$797

$9,028

$17,259

Median Allen Tax Bill

$7,574

Median Collin County Tax Bill

$6,925

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Allen, Collin County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75002$4,115$5,150$6,560$8,612$13,701
75013$5,468$7,283$9,269$11,848$14,441

Source: Ownwell

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