Appraisals increase by double digits

by | May 6, 2015 | Uncategorized

By Chad Engbrock

[email protected]

 

Appraisals are out and there’s good news and bad news depending if you are on the giving or receiving end.

According to information released by the Collin Central Appraisal District last week, the city of Wylie’s 2015 certified estimate of taxable value as of April 30 is up 9.19percent compared to last year.

Wylie’s 2014 certified taxable value as of Feb. 4, 2015 was $2,710,761,717. As of April 30, 2015, the estimated taxable value increased to $2,960,000,000, an increase of $249,238,283.

The average home value moved upwards from $169,337 as of last year to $189,040, an increase of 11.64 percent. In 2013 the average value of a home in the city of Wylie was $155,883.

For Wylie Independent School District, the change in values was even higher.

The 2014 certified taxable value as of Feb. 4, 2015 for Wylie ISD was $3,893,832,909. The 2015 certified estimate of taxable value for the district is $4,305,000,000, an increase of $411,167,091, and a 10.56 percent increase. Like the city, the average home value in the district increased as well, from $187,835 to $210,436, a 12.03 percent increase. The average home value in the district in 2013 was $173,762.

 

For Collin County the 2014 certified taxable value increased from 86,648,730,277 to $96,000,000,000 for the 2015 certified estimate taxable value. This represents an increase of 10.79 percent. Home values in the college district changed from $257,767 last year to $287,078 as of April 30, 2015, an increase of 11.37 percent.

In Seis Lagos, the 2014 certified taxable value increased from $131,144,743 to $148,000,000 for the 2015 certified estimate taxable value. The average home value increased from $365,281 last year to $392,597 as of April 30, 2015, a 7.48 percent increase.

The Town of St. Paul’s 2015 certified taxable value is $83,000,000, up $5,504,222 from 2014 certified taxable values or $77,495,778. The average home value changed from $213,969 in 2014 to $240,356 according to the latest figures, a 12.33 percent increase.

Notices of Appraised Value on real property for Collin County were mailed on April 30. The protest deadline is June 1, 2015.

A copy of the Property Appraisal – Notice of Protest for the current tax year was included in appraisal notices and may be downloaded at www.collincad.org. Select ‘Forms’ on the right hand side of the ‘Home’ page. As you scroll down the page select ‘Notice of Protest Form’.

To contact the CCAD, call 469-742-9200 or (toll free) 866-467-1110.

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