In 2016, property values in Collin County increased by an average of 8.9%. No doubt, with the move of Toyota and other large companies to the County, it’s a great place to live in, and in great demand, which drives property values up. However, there is a downside to the increase in values: even while keeping similar tax rates, actual property taxes increased by almost 10%.
An increase in property values does not automatically translate into an increase in local expenditures. Read More