Although Murphy had only a handful of residential building permits issued in the past year, new construction like this house being built along North Murphy Road amounts to $13.6 million of property value added to tax rolls.
Once again, Collin County property values show an increase, according to 2025 certified taxable values released by Collin Central Appraisal District (CCAD).
The district released certified taxable values to taxing authorities on Thursday, July 24. Cities and school districts will hold public hearings in August before setting ad valorem tax rates based on the property values from CCAD.
“The overall county value increased by 7.55% with the average Collin County home value increasing from $599,917 in 2024 to $603,190 in 2025,” said Deputy Chief Appraiser Brian Swanson. “Most of the same fast-growing areas such as Anna, Celina, Melissa and Princeton showed continued growth this year.”
CCAD mailed the 2025 real property appraisal notices to property owners on April 15 and owners had until May 15 to file an appeal.
For more on this story see the July 31, 2025 print, or digital edition of the Murphy Monitor. Subscribe today and support local journalism in your community.
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