Mustang Lakes property tax protests: 2026 data

35 homes in Celina, Collin County (appraisal neighborhood N11034D), compared with their most similar neighbors.

Updated October 12, 2026. Source: Collin Central Appraisal District, 2026 data. Methodology

single-family homes compared
35
valued above similar homes nearby
48%
look worth protesting in 2026
94%
of decided 2026 protests got a reduction
87%

48% of Mustang Lakes homes are valued above similar homes nearby

We compared each of 35 single-family homes with its most similar neighbors (same neighborhood and quality, similar size and age). 48% have a house value above the median of those homes: together, $285,396 of house value above them. Texas lets you protest a value that is above the median of comparable homes.

Source: Collin Central Appraisal District, 2026

33 Mustang Lakes homes look worth protesting in 2026

We rate 18 "Yes" and 15 "Maybe". If every one of them protested and got the reduction their comparables support, their owners could pay about $6,717 less in property tax a year.

Source: Collin Central Appraisal District, 2026

43% of Mustang Lakes homeowners protested in 2026, and 87% of decided protests got a reduction

Of 35 Mustang Lakes homeowners in our data, 15 protested their 2026 value; 13 of 15 decided protests lowered it, typically by $43,567 (2.4% of the value).

Source: Collin Central Appraisal District, 2026

An agent keeps 25–40% of what you save. Doing it yourself costs $0–50.

Filing is free, online or by mail, and there's no agent contract to renew or cancel each year.

Source: Collin Central Appraisal District, 2026

9 Mustang Lakes homes valued above similar homes weren't protested

Their house values were above the median of the most similar neighbors, the comparison Texas law allows a protest on, but their owners didn't protest in 2026.

Source: Collin Central Appraisal District, 2026

The typical Mustang Lakes home's value rose 146% this year

Median change in appraised market value from last year.

Source: Collin Central Appraisal District, 2026

The typical Mustang Lakes home pays about $35,128 a year in property tax

Our estimate from 2026 published tax rates and each home's exemptions: 1.9% of market value.

Source: Collin Central Appraisal District, 2026

23% of Mustang Lakes homes have no homestead exemption on file

Usually a rental or second home. If it's your own home, a homestead exemption takes $140,000 off its school taxable value and caps yearly increases in taxable value at 10%; you apply with your appraisal district (Form 50-114).

Source: Collin Central Appraisal District, 2026

Is your home one of them?

Free, in about 10 seconds: how your home compares with similar homes nearby.

By the numbers

Single-family homes35
Median market value$1,857,567
Median change from last year+146%
Median value per sq ft$342
Median living area5,325 sq ft
Median lot17,860 sq ft
Median year built2024
Homes with a pool31%
Homestead exemption on file77%
Median estimated property tax$35,128 a year
Median effective tax rate1.9%
Homes with a paid protest agent40%

Streets where most homes are valued above similar homes

StreetHomesAbove similar homesMedian gap
GRANDEUR ST1464%+0.5%
CANONERO ST1345%-0.5%

Streets with at least 10 homes we could compare. "Median gap": how far the street's typical house value is from its comparables' median.

How to protest

The protest deadline is May 15, or 30 days after your appraisal notice was mailed, whichever is later. Check the date on your notice. New to this? Read how to protest.

Have a specific Texas address? Check it at taxprotesting.com/check?address=1234 Main St, Plano, TX with your own street address, or use the search box.

Based on 2026 appraisal values and protest outcomes from the Collin Central Appraisal District. Estimates, not promises: every protest is decided on its own evidence.