By ED HOUSEWRIGHT / The Dallas Morning News
High-flying Collin County has been grounded.
Property values here, which have surged throughout the decade, are now flattening or declining, according to appraisal records.
Countywide, taxable values have dropped slightly less than 1 percent, but some cities and school districts have seen larger dips. As a result, they may have to cut spending, reduce services or raise taxes. A county that once seemed immune from downturns has been jolted by the dismal national economy.
Even Frisco, which routinely posted double-digit appraisal increases, has joined its neighbors in the malaise. Its tax base in Collin County dropped from 2008, according to preliminary figures from the Collin Central Appraisal District.
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