By Wyndi Veigel
Figures released by the Collin County Central Appraisal District show Princeton’s tax roll increased by 20 percent this past year.
For the city of Princeton, this amount means more in the general fund and more money in the budget for services.
Princeton’s taxable property is valued at $413,464,648 compared to the certified tax value of $343,990,888 in 2014, an increase of 20.20 percent.
New construction for the city of Princeton is listed at $27,472,220.
The average single-family home price in Princeton is $139,151.
Princeton ISD’s tax rolls also increased 10.84 percent – from $595,040,221 in 2014 to $659,562,203 this year.
One interesting part of the tax roll equation this year is an additional $10,000 Homestead Exemption, which will be on the November ballot. However, if approved, it will be retroactive, affecting the state funding side of the ISD equation for FY 2015 – ’16.
New construction in PISD is listed as $33,720,308 for 2015.
The average single-family home price in PISD is $130,382.
Overall, Collin County’s tax value increased more than 11 percent. The taxable value was $86,849,436,211 in 2014 compared to $96,433,393,919 this year.
For Collin College, tax values increased by 11.30 percent.
In 2015, the Collin College taxable value was $99,367,281,589 compared to the amount of $89,278,601,820 in 2014.
Cities and school boards use tax rolls to build their fiscal year budgets.
Owners had until June 1, or 30 days after the date on the appraisal notice, whichever is later, to file protests on the appraised value of their property.
Property value is determined by size, location and condition, according to information from the appraisal district.
Property is reappraised at least every three years. Reappraisals consist of drive-by evaluations.
For more information about tax appraisals, call the appraisal district at 469-742-9200, or toll free at 866-467-1110 or by going to www.collincad.org.