While the taxable value of Plano properties continues to increase, that growth rate appears to be leveling off, according to the Collin Central Appraisal District. Meanwhile, Collin County added nearly 10,000 new single-family homes to its housing stock from 2017-18.
- Plano appraisal protests down from last year
The number of Plano residential appraisal protests has historically been on the same upward trend as the rise in property values. That changed this year, with Plano residents submitting nearly 8% fewer protests to the Collin Central Appraisal District than the previous year.
For comparison, McKinney saw an approximate 28% increase in appraisal protests during the same period. Frisco property owners filed about 4% more appraisal protests between 2018 and 2019.
2. Plano property values rise by $16B over five-year period, but appraisers sense slowdown
While property values in Plano have seen substantial growth in the last five years, that growth may be leveling off. Bo Daffin, the chief appraiser of the Collin Central Appraisal District, said the county is still seeing a steady stream of new construction, but year-over-year value growth is slowing.
“As a general statement I still think that it’s a seller’s market,” Daffin said. “It’s just not at the same fevered pitch that it may have been 18 months ago.”
3. Collin County housing stock continues strong upward trend in fast-growing North Texas
Collin County has seen tens of thousands of new single-family homes constructed in the last five years.
While Plano saw only a 2.8% increase in its housing stock from 2014-18, the number of single-family homes in Collin County rose by 12.6% during the same time period.
Communities such as Frisco and McKinney continue to be major contributors to the number of single-family homes in Collin County. Both cities saw an approximately 18% increase in their housing stock from 2014-18.