Understanding property taxes is essential for families relocating to Celina, Texas. These taxes fund vital services such as education, infrastructure, and public safety. Here's a comprehensive guide to help you navigate the property tax landscape in Celina.
1. Overview of Property Taxes in Celina
Celina spans both Collin and Denton counties, and property taxes are levied by multiple entities, including the city, county, school districts, and special districts. Each entity sets its own tax rate, which is applied to the assessed value of your property.
2. City of Celina Property Tax Rate
For the fiscal year 2024-2025, the City of Celina adopted a property tax rate of $0.598168 per $100 of assessed valuation. This rate is divided into:
Maintenance and Operations (M&O): Funds daily operations and services.
Interest and Sinking (I&S): Pays for debt obligations.
3. County Property Tax Rates
Your property's location within either Collin or Denton County determines the applicable county tax rate:
Collin County: $0.149343 per $100 of assessed value.
Denton County: Rates may vary; consult the Denton County Tax Assessor for current figures.
4. School District Taxes
Several school districts serve Celina, each with its own tax rate:
Celina Independent School District (CISD): $1.519 per $100 of assessed value.
Prosper Independent School District (PISD): Rates vary; check with PISD for current rates.
5. Special District Taxes
Depending on your property's location, additional taxes may apply from special districts such as Municipal Utility Districts (MUDs) or Water Control and Improvement Districts (WCIDs). These rates differ based on the specific district.
6. Calculating Your Total Property Tax
To estimate your total property tax liability:
Determine the Assessed Value: Obtain this from the county appraisal district.
Sum Applicable Tax Rates: Add the rates from all relevant entities (city, county, school district, special districts).
Apply the Total Rate: Multiply the total tax rate by your property's assessed value, then divide by 100.
Example Calculation: For a property in Collin County within CISD, with an assessed value of $300,000:
City of Celina: $0.598168
Collin County: $0.149343
CISD: $1.519
Total Tax Rate: 2.266511%
Annual Property Tax: ($300,000 × 2.266511) ÷ 100 = $6,799.53
7. Exemptions and Reductions
Various exemptions can reduce your taxable value:
Homestead Exemption: Reduces the taxable value for primary residences.
Over-65 Exemption: Additional reduction for homeowners aged 65 or older.
Disability Exemption: For qualifying disabled homeowners.
Each taxing entity may offer different exemption amounts. For instance, Collin County provides a 5% homestead exemption (minimum $5,000) and a $30,000 exemption for over-65 or disabled homeowners.
8. Payment and Deadlines
Property tax bills are typically mailed in October, with payments due by January 31 of the following year to avoid penalties. Some counties offer payment plans; contact the county tax office for details.
9. Additional Resources
For the most accurate and current information:
Collin County Tax Assessor-Collector: Collin County Tax Assessor
Denton County Tax Assessor-Collector: Denton County Tax Assessor
City of Celina: City of Celina Taxes
Celina ISD: Celina ISD Tax Information
Understanding these components will help you anticipate your property tax obligations when moving to Celina. Consulting with local tax authorities or a real estate professional can provide personalized guidance tailored to your situation.
Call us at 469-269-6541 for more information about Celina real estate!
About us: Celina New Construction Expert Real Estate Agent
As a Top Real Estate Professional in Celina, I understand the challenges that arise when buying a new construction home. There are over 100 builders in the DFW area. I work with most of the new home builders in Celina and understand how various builders operate. I am familiar with the options they offer, current incentives and I frequently visit the upcoming communities they are building. I guide my clients through all steps of the new home construction process and aggressively protect their interests in the transaction.
As a holder of top real estate industry certifications and designations like CRS, ABR & GRI, I can offer my clients experience as a Buyer's Agent and REALTOR®, top Industry Customer Service, in-depth, up-to-the-minute and comprehensive market knowledge; honesty, integrity, dedication, and professionalism in my business.
Whether you are a first time buyer in Celina looking to buy a home in Fields or whether you are relocating to Celina from California or moving your entire family from areas like San Francisco, Fremont, Palo Alto, Los Angeles, San Diego in California due to job transfer with your company, I can help you find a new construction home in Fields in Celina. Our relocation team eases the transition - whether you are moving across town or across the globe. We will work with you to find an area that best suits your professional, family and lifestyle needs. We have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, we can make this process as comfortable as possible no matter where you are located.
What is most important to you in your new construction home in Fields in Celina? Send us an email at info@NitinGuptaDFW.com or give us a call at (469) 269-6541 to schedule a no obligation consultation. We’ll give you honest advice about Fields community that you can use to help make your home buying decision.
