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Property value estimates cause ire

by | Apr 24, 2019 | Latest

Wylie property owners received appraised value estimates last week and already are expressing displeasure at the numbers they are seeing, an indication that values are continuing to rise in the area.

The value estimates were mailed by Collin Central Appraisal District so that property owners can file protests by the May 15 deadline. The CCAD is expected to release its list of property value estimates to taxing entities this week, which gives an overall view of how much appraisals changed from last year.

As of Monday, April 22, over 71 Wylie residents replied to a social media inquiry on what they think about their new property appraisals. Respondents cited a continuous increase in values over the past several years and some even talked of moving.

Wylie homeowner Rachel Seumalo reported that her home value has risen 61 percent over the last five years. “It’s making it impossible to stay,” she declared.

For the full story, see the April 24 issue or subscribe online.

By Joe Reavis • [email protected]

Hilco Real Estate 6-2024

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