Rotary Golf 2024

Appraisals increase again

by | May 7, 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 Murphy’s 2015 certified estimate of taxable value as of April 30 is up 8.04 percent compared to last year.

Murphy’s 2014 certified taxable value as of Feb. 4, 2015 was $1,798,447,145. As of April 30, 2015, the estimated taxable value increased to $1,943,000,000, an increase of $144,552,855.

The average home value moved upwards from $284,931 as of last year to $314,972, an increase of 10.54 percent. In 2013 the average value of a home in the city of Murphy was $266,595.

Linda Truitt, the city’s finance director, attributed the growth primarily to higher appraisals.

“We did have some new construction which adds to the valuation,” said Truitt, “but the main reason for the change is an increase in appraisals on existing homes. With the new, larger employers coming to the area and a limited inventory of homes on the market, demand is driving up home values.”

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.

In Plano ISD, the 2014 certified taxable value was $38,801,175,883. The 2015 certified estimate of taxable value for PISD is 41,945,000,000, an increase of 3,143,824,117 or 8.10 percent. The average home value for the 2015 estimate is $301,364 compared to $276,847 in 2014.

The city of Parker’s 2014 certified taxable value was $614,998,395. The 2015 estimate increased by $60,001,605 to $675,000,000, a 9.76 percent increase. A home in Parker was valued at $474,272 in 2014 and in 2015 the estimated value increased to $504,477.

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.

Notices of Appraised Value on real property for Collin County were mailed on April 30. The protest deadline is May 31, 2015, or 30 days after the Notice of Appraised Value date, whichever is later.

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.

Photos online

0 Comments

Public Notice - Subscribe

Related News

Council schedules budget hearing

Council schedules budget hearing

Murphy City Council OK’d a 2024 tax rate of 41 cents per $100 property valuation. The final rate would be set after a public budget hearing on Tuesday, Sept. 5. The proposed tax rate is 12.5% less than last year.In other business at the Tuesday, Aug. 15 meeting,...

read more
UPDATE: City Manager Mike Castro resigns

UPDATE: City Manager Mike Castro resigns

The Murphy City Council accepted the resignation of City Manager Mike Castro during a special meeting Friday, Aug. 11. Council voted unanimously following a 17-minute executive session. The open session portion of the meeting lasted less than four minutes.Mayor Scott...

read more
Headstones to be restored

Headstones to be restored

Council has approved a request from the Murphy Historical Society (MHS) to repair 32 gravestones in the Decatur/Maxwell/Murphy Cemetery just north of Maxwell Creek. The $8,250 project will be carried out by Michaelangelo Historic Stone Preservation and Restoration of...

read more
Running in the sun

Running in the sun

More than 800 runners from as far as California took part in the 2023 Murphy Half Marathon, 10K & 5K runs.The event, begun in 2010 as part of Maize Days, was held Saturday, June 24, in perfect weather. It benefitted the nonprofit Kyle Kucauskas Educational...

read more
Congressman cautions on China

Congressman cautions on China

U.S. Rep. Keith Self said he would soon visit Taiwan to learn how serious the country was in defending itself against possible invasion from Communist China. “China is no longer just a big warehouse in the sky that Amazon delivers to you,” Self said at a “Koffee with...

read more
RED lights up the night

RED lights up the night

Taylor Swift tribute band RED was the fourth performer in the Sounds@Sundown series in Murphy's Central Park Amphitheater, Friday, June 23. Emerald City Band plays Friday, June 30. To read the whole story, see the June 29 edition of the Murphy Monitor

read more
Water boil notice rescinded by city

Water boil notice rescinded by city

This morning, a statement was released by the city of Murphy, rescinding the water boil notice issued on Saturday. The notice states: "Following a series of exhaustive tests on the quality of water, the City of Murphy has issued a statement rescinding the boil water...

read more

Boil water notice issued for some areas of Murphy As a temporary measure, the city or Murphy issued the following statement this morning: Due to a drop in pressure within the water distribution system, the Texas Commission on Environmental Quality has required the...

read more
WAG seek lead zombie

WAG seek lead zombie

Wylie Acting Group is putting out a casting call for its upcoming performance of “Zombie Prom,” an off-Broadway musical about a teenage boy brought back to life by the love of his high-school sweetheart. “Zombie Prom” is set at Enrico Fermi High School, located near...

read more
Public Notice - Subscribe