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Collin County effective property tax rate in Q2 2022 was higher than the national average

Real Estate

By Collin Times | Jul 1, 2022

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Property owners in Collin County paid 2% of the value of their homes in property taxes in the second quarter of 2022, which is more than 1.8 times the national average, according to the real estate analysis posted by the Collin Times.

The median sales price of a Collin County home in the second quarter of 2022 was $316,461, based on data from the 4,721 properties sold during that time. In 2019 the median tax bill for the county was $6,188, which is 2% of the median value of the homes that were taxed.

This is 1.8 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Collin County real estate data showed homeowners in Garland paid the highest tax rate of 2.9%.

The following table compares Garland with some other cities belonging to Collin County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2022.

CityQ2 2022 SalesQ2 2022 Median PriceMedian tax 2022Effective tax rate
Garland1$143,618$4,1112.9%
Princeton102$212,646$5,5212.6%
Wylie233$260,995$6,7282.6%
Nevada2$201,901$5,3432.6%
Anna118$214,913$5,4692.5%
Melissa24$266,180$6,5672.5%
Josephine16$192,395$4,8192.5%
Murphy79$355,000$8,4132.4%
Prosper138$496,032$11,7012.4%
Allen452$316,930$7,4222.3%
McKinney998$311,473$7,2062.3%
Celina55$347,278$7,8542.3%
Sachse47$363,342$8,2502.3%
Lucas28$540,798$12,5352.3%
Lavon34$250,573$5,6782.3%
Frisco474$364,072$8,1632.2%
Farmersville1$186,379$4,0722.2%
Plano1,168$306,117$6,3552.1%
Richardson117$396,743$7,8062%
Parker25$640,000$12,3341.9%
New Hope2$196,273$3,7491.9%
Dallas171$372,101$6,2871.7%
Fairview57$450,465$7,8141.7%
Blue Ridge3$108,899$1,8651.7%
Lowry Crossing7$314,458$5,0571.6%
St. Paul4$429,227$6,7331.6%
Westminster2$339,249$2,6490.8%
Royse City17$244,102$6580.3%

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