The Appraisal District is giving public notice of the capitalization rate to be used each year to appraise property receiving an exemption under Section 11.1825 of the Property Tax Code for Organizations Constructing or Rehabilitating Low-Income Housing: Property Not Previously Exempt.

The 2023 capitalization rate used by Collin CAD is 8.00%

Texas voters passed Proposition 1 on May 7, 2022, which amended the Constitution authorizing the legislature to provide for a reduction in the 2023 school tax ceiling (freeze) for property owners with 65 & older exemption, or those qualified disabled persons. Click here to review the top 10 questions being asked of CCAD’s customer service staff about this process. For the enrolled copy of Senate Bill 12, click here.

The Chief Appraiser has certified the 2022 appraisal rolls. Click here to download a PDF of the certified taxable values for each taxing entity.

Cap value applies to residential homesteads only and it goes into effect the second year after a residential homestead exemption has been granted for your residence. If the property is your residence homestead, the appraised value may not exceed the sum of:

• 10 percent of the appraised value of the property for the preceding tax year; plus
• the appraised value of the property for the preceding year; plus
• the market value of all new improvements to the property.

**For a more detailed summary and calculation example click here.**

Click here for a press release from the Texas Association of Appraisal Districts (TAAD) regarding home value increases across the State. The range of increases from regions around the State is showing to be 10% to 50% increases. For Collin CAD itself, we are continuing to analyze market data as we prepare to mail our 2022 Appraisal Notices on April 15th. We are anticipating an average home value appraisal increase toward the middle of the range shown in the linked press release, expecting an average increase of 28% to 30%, comparing 2021 to 2022 average home appraisals for the County.

Texas voters approved increased homestead exemption amount and reduction in elderly, or disabled, tax limitation (freeze ceiling) for school districts. Click the links above for each full press release.

Business Hours - Normal

Monday - Friday, 8:00 am to 4:00 pm

Location

Map
On Eldorado Parkway about 1.5 miles east of Hwy 75. At the northeast corner of Eldorado Parkway and College Street.

Mailing & Telephone Information

Collin Central Appraisal District
250 Eldorado Pkwy
McKinney, Texas 75069
469.742.9200 (metro)
866.467.1110 (toll-free)