Collin Value

505 Water Fall Ln, Nevada, TX 75173

2,474 sqft, built 2015, in Nevada Lakes Phase I. Appraised at $565,423 for 2026.

Collin County account 2645855

Appraised value
$565,423
Tax year 2026
Living area
2,474 sqft
$229 per sqft
Year built
2015
Homestead
Yes
Owner-occupied exemption on file

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 75173 and Nevada Lakes Phase I 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 increased 7.8% from $524,720 in 2025 to $565,423 in 2026.
  • Appraised value per square footThe current public record shows about $229 per square foot before any comparable-property adjustments.
  • Nearby comparison areaThis page starts the equity review with public records for the Nevada Lakes Phase I neighborhood and ZIP 75173.
  • Neighborhood value signalAmong 89 residential records in the same neighborhood, the average appraised value is about $241 per square foot.
  • Area year-over-year signalNearby residential records with prior-year values moved about +7.4% on average.

Comparable assessments

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

  • 415 Water Fall Ln, Nevada, TX 75173
    2,415 sqft | $237/sqft | built 2015 | Similar size (2,415 vs 2,474 sqft); Built same year (2015); Similar lot size (43,560 vs 43,560 sqft)
    $572,414
  • 514 Cooper Ct, Nevada, TX 75173
    2,405 sqft | $229/sqft | built 2014 | Similar size (2,405 vs 2,474 sqft); Similar age (2014 vs 2015); Similar lot size (43,560 vs 43,560 sqft)
    $550,776
  • 507 Cooper Ct, Nevada, TX 75173
    2,391 sqft | $247/sqft | built 2014 | Similar size (2,391 vs 2,474 sqft); Similar age (2014 vs 2015); Similar lot size (43,560 vs 43,560 sqft)
    $591,378
  • 414 Water Fall Ln, Nevada, TX 75173
    2,454 sqft | $241/sqft | built 2015 | Similar size (2,454 vs 2,474 sqft); Built same year (2015); Similar lot size (43,560 vs 43,560 sqft)
    $590,816
  • 504 Water Fall Ln, Nevada, TX 75173
    2,349 sqft | $249/sqft | built 2014 | 5% smaller (2,349 vs 2,474 sqft); Similar age (2014 vs 2015); Similar lot size (43,560 vs 43,560 sqft)
    $585,873

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

Up 7.8% in 2026 from 2025.

Appraised value by tax year, with the change from the previous year listed
Tax yearAppraised valueChangeChange %
2026$565,423+$40,703+7.8%
2025$524,720−$17,577−3.2%
2024$542,297−$8,972−1.6%
2023$551,269+$58,839+11.9%
2022$492,430+$103,859+26.7%
2021$388,571+$17,271+4.7%
2020$371,300——
6-year total+$194,123+52.3%

Recent sale history

Recent transfers help establish whether the county value is tracking real market behavior.

  • $525,000 sale recorded on May-22-2026