Collin Value

240 Woodcreek Dr, Princeton, TX 75407

1,626 sqft, built 1984, in Mitchell Addition. Appraised at $500,139 for 2026.

Collin County account 1593626

Possibly too high

about $16,000

8 similar homes nearby point to a value about $16,000 lower than yours.

Appraised value$500,139
Similar homes$484,157
$15,982 gap · bars start at $0

How sure: High · 8 similar homes (5 shown below) · public records only

Appraised value
$500,139
Tax year 2026
Living area
1,626 sqft
$308 per sqft
Year built
1984
Homestead
Yes
Owner-occupied exemption on file

Why we think so

Unequal assessment

Moderate

8 of 8 similar homes are assessed lower per square foot. Their similarity-weighted median is $269.97/sqft, but land is valued apart from the home, and some of them have less land value per square foot of home than yours, which counts as $283,500. Counting your land in place of theirs where theirs is less, they support a value of $484,157.

Compare this assessment

Start with the county value and property facts, then review appraisal comps, recent sales, and prior-year changes to decide whether the assessment is worth challenging. The comps on this page are free to review; email sign-in is only used to save a printable report.

For nearby context, browse ZIP 75407, Mitchell Addition, Princeton, and Farmersville assessment pages.

Protest deadline

The 2026 protest deadline was . The 2027 protest deadline is . 2027 notices usually arrive in April.

Deadline rule: May 15, or 30 days after your notice of appraised value is mailed, whichever is later. A deadline on a weekend or holiday moves to the next business day. Evidence is reviewed by the Appraisal Review Board (ARB). Dates checked against the official source.

Assessment snapshot

These public CCAD records highlight what may be worth checking before you file.

  • Assessment changeThe appraised value decreased 0.3% from $501,577 in 2025 to $500,139 in 2026.
  • Appraised value per square footThe current public record shows about $308 per square foot before any comparable-property adjustments.
  • Nearby comparison areaThis page starts the equity review with public records for the Mitchell Addition neighborhood and ZIP 75407.
  • Neighborhood value signalAmong 300 residential records in the same neighborhood, the average appraised value is about $254 per square foot.
  • Area year-over-year signalNearby residential records with prior-year values moved about +5.1% on average.

Comparable assessments

Showing 5 of the 8 similar homes in this property's equity comparison, from public appraisal records.

  • 305 Settlers Trl, Mckinney, TX 75069
    1,627 sqft | $270/sqft | built 1983 | Similar size (1,627 vs 1,626 sqft); Similar age (1983 vs 1984); Similar lot size (78,539 vs 82,328 sqft)
    $439,247
  • 105 Settlers Trl, Mckinney, TX 75069
    1,630 sqft | $295/sqft | built 1982 | Similar size (1,630 vs 1,626 sqft); Similar age (1982 vs 1984); Similar lot size (77,232 vs 82,328 sqft)
    $480,100
  • 330 Woodcreek Dr, Princeton, TX 75407
    1,644 sqft | $259/sqft | built 1985 | Similar size (1,644 vs 1,626 sqft); Similar age (1985 vs 1984); Similar lot size (87,120 vs 82,328 sqft)
    $426,000
  • 120 Lakeway Trl, Mckinney, TX 75069
    1,696 sqft | $182/sqft | built 1985 | Similar size (1,696 vs 1,626 sqft); Similar age (1985 vs 1984); Same neighborhood
    $308,144
  • 310 Woodcreek Dr, Princeton, TX 75407
    1,670 sqft | $297/sqft | built 1985 | Similar size (1,670 vs 1,626 sqft); Similar age (1985 vs 1984); Similar lot size (87,120 vs 82,328 sqft)
    $495,347

Recent comparable sales

Sales selected by similarity to the subject property. Texas is a non-disclosure state, so these MLS-listed sales are supplemental evidence.

Public appraisal comparison for 2026. Prepared . Appraisal source: Collin Central Appraisal District. Sales data checked in this snapshot: . Matches consider available size, age, location and property characteristics. How comparisons work.

Value history

Down 0.3% in 2026 from 2025.

Appraised value by tax year, with the change from the previous year listed
Tax yearAppraised valueChangeChange %
2026$500,139−$1,438−0.3%
2025$501,577+$90,329+22.0%
2024$411,248+$9,425+2.3%
2023$401,823+$61,961+18.2%
2022$339,862+$89,862+35.9%
2021$250,000−$8,384−3.2%
2020$258,384——
6-year total+$241,755+93.6%