SFOT RH 2026

Property values continue to climb

by | Aug 10, 2023 | Latest, News

New construction in Princeton added $386.8 million in appraised value. Overall, new construction in Collin County was valued at $7.3 billion while average home values were the same as the county averages. File art

Princeton’s property values continue to grow, according to the latest certified values released by the Collin Central Appraisal District (CCAD), bolstered by nearly $387 million in new construction.

CCAD certified value summaries were released July 25 to taxing entities and the public and the city’s property values grew 35.32%. Taxing entities, including the city and school district, will use the certified values to help calculate revenue from property taxes and adopt the tax rate in September when they approve the budget for the next fiscal year.

Property values in Princeton were assessed at $3.28 billion in 2023, compared to $2.42 billion in 2022. New construction added $386.8 million in appraised value.

The average home value in the city jumped over $36,000 to $345,594 in 2023, compared to $309,264 one year earlier.

Princeton ISD also saw a significant increase with total certified taxable value of $4.13 billion in 2023, a 27.02% increase from $3.25 billion in 2022. 

New construction in the PISD was valued at $566.7 million this year. The average home average in the district was $340,270 in 2023, compared to $296,791 one year ago.

To read the full story and support your local newspaper, subscribe to The Princeton Herald.

SFOT RH 2026

0 Comments

Subscribe Love

Related News

Fall fun fills October calendar

Fall fun fills October calendar

Fall on the Farm at Reeves Family Farm offers pumpkins, farm activities and autumn-themed fun. The event runs through Oct. 23-24 at Reeves Famaily Farm, 3577 FM 1377, Princeton. Shelley Dowdle/The Princeton Herald Pumpkins, costumes, candy and a little local history...

read more
‘Tis the season to plan for Christmas giving

‘Tis the season to plan for Christmas giving

Princeton ISD families needing help with Christmas gifts and a holiday meal can now begin applying for assistance through Princeton Gives. For 17 years, the annual holiday assistance effort was known as Angel Tree before being renamed Princeton Gives last year. The...

read more
Meetings set on Collin County Outer Loop project

Meetings set on Collin County Outer Loop project

Collin County is planning to hold in-person and virtual meetings to present updates on two segments of the proposed Outer Loop roadway project. Segments 2 and 4 of the Collin County Outer Loop would extend about 14 miles from County Road 656 northeast of Farmersville...

read more
Voters to consider partisan, non-partisan candidates

Voters to consider partisan, non-partisan candidates

There’s a lot for voters to consider on the ballot for the Tuesday, Nov. 3, general election. In the 3rd Congressional District, Rep. Keith Self, a Republican, is seeking his third term in the U.S. House. He is opposed by Evan Hunt, the Democratic nominee. ...

read more
City takes new look at drainage needs

City takes new look at drainage needs

New Public Works Director Rifat Alam. Courtesy Art Princeton is preparing to restart work on a citywide stormwater and drainage master plan after public works officials concluded an earlier proposal did not adequately address the city’s rapid growth or long-term...

read more
College expert weighs data center impacts 

College expert weighs data center impacts 

What happens when a 75-megawatt data center moves into a rural neighborhood? At first, probably construction traffic, dust and noise. Once it begins operating, traffic should decline dramatically, but the facility would become a substantial consumer of electricity...

read more
Clean kids on the block

Clean kids on the block

Four Princeton kids patrol their neighborhood to pick up litter strewn along the road. From left, Tucker, 9; Ray’lynn,9; Brecklyn, 9 and Luna, 7. Courtesy Photo For the past three years, four Princeton youngsters have been hiking around their block near FM 1377,...

read more
Data stolen in city cyberattack

Data stolen in city cyberattack

Two weeks after first reporting a potential data breach, the city of Princeton has confirmed that confidential information and personally identifiable information was downloaded from municipal computer systems. On Sept. 18, Princeton said it was investigating what was...

read more
Photos online