- Rockwall County
- Fate TX
- 75087
- Local Area: Spring Meadow Ph 3
Property Overview
Welcome home to this beautifully updated 3-bedroom, 2-bath home nestled in the desirable Spring Meadow community! Backing to a peaceful greenbelt with no rear neighbors, you'll enjoy a private backyard retreat that's perfect for relaxing, entertaining, or simply unwinding after a long day. Inside, you'll find fresh paint, brand new flooring, and an open, inviting floor plan designed for comfortable everyday living. Major updates provide peace of mind, including a brand new roof, new heat pump, and new dishwasher, allowing you to move in with confidence and focus on making memories instead of tackling projects. Step outside to the covered deck overlooking the tree-lined greenbelt, an ideal space for morning coffee, evening gatherings, or weekend barbecues. The backyard also features a storage building with electricity, offering endless possibilities as a workshop, hobby space, or additional storage. Conveniently located near schools, parks, shopping, dining, and easy access to I-30, this home combines modern updates, outdoor living, and a hard-to-find private setting in one exceptional package.
With every major system already replaced, roof, HVAC, flooring, paint, and dishwasher, there's no big-ticket project waiting on day one, which makes this an easy call for a first-time buyer's budget or an investor looking for a low-maintenance hold. Add a low quarterly HOA and Royse City ISD, and it's a smart buy whether this is your first home or your next one. Ask your lender about down payment assistance and first-time buyer loan programs, several apply in this area.
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Property highlights
Year Built 2010
School District Royse City Isd
HOA $117 Quarterly
Parking 2-car garage, 2 covered
Gated Gated entry
Architecture Traditional, Detached
Fireplace 1 Fireplaces
Neighborhood Spring Meadow Ph 3
Full Property Details
Property Details
Quick Details
- Price $272,900
- Status Active
- Bedrooms 3
- Bathrooms 2
- Square Feet 1,494 Sq Ft
- Lot Size 0.17 acres
- Lot Size Sq Ft 7,187
- Year Built 2010
- Price / Sq Ft $183 / Sq Ft
- MLS # 21414878
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- County Rockwall
- Subdivision Spring Meadow Ph 3
- Days on Market 65
Home Details
- Architectural Style Traditional, Detached
- Stories 1
- Levels One
- Full Baths 2
- Half Baths 0
- Heating Central, Electric, Heat Pump
- Cooling Central Air, Ceiling Fans, Heat Pump
- Property Attached Yes
Kitchen & Interior
- Appliances Dishwasher, Electric Range, Electric Water Heater, Disposal
- Interior Features Eat In Kitchen, Granite Counters, Open Floorplan, Cable Tv, Walk In Closets
- Fireplaces 1
- Fireplace Features Masonry
Lot & Exterior
- Fencing Back Yard, Gate, Privacy, Wood
- Pool No
Parking
- Parking Driveway
- Garage Spaces 2
- Covered Parking 2
- Attached Garage Yes
Taxes & HOA
- Annual Taxes $5,274
- HOA Fee $117 Quarterly
- HOA Includes All Facilities
- Community Features Curbs
- Parcel Number 000000082232
- Legal Description SPRING MEADOW PHASE 3, BLOCK A, LOT 25
- Tax Block A
- Tax Lot 25
Utilities
- Utilities Sewer Available, Separate Meters, Water Available, Cable Available
- Sewer Public Sewer
Schools
- School District Royse City ISD
- Elementary Harry Herndon — Royse City ISD
- Middle Bobby Summers — Royse City ISD
- High Royse City — Royse City ISD
Listing Information
- Listing Agent Bonnie Lloyd
- Brokerage Fathom Realty
- MLS Board NTREIS
- List Date 10/18/2026
- Source Updated 10/19/2026
- Last Updated 10/19/2026
- Virtual Tour View Virtual Tour (PropertyPanorama)
Property Tax & CAD Valuation for 40 Daisy Drive
Rockwall CAD (TrueProdigy) records for 40 Daisy Drive, Fate, TX 75087 show a CAD market value of $266,626 and a net appraised value of $266,626. CAD values are used for property-tax purposes and may differ from the property's current list price or eventual sale price.
TAX INFO FOR NORMAL PEOPLE
A plain-English look at Rockwall CAD (TrueProdigy) property-tax and appraisal records for 40 Daisy Drive, Fate, TX 75087, including CAD market value, appraised value, exemptions, taxing entities, improvement records, and value history.
View Official Rockwall CAD (TrueProdigy) Property Record
1. CAD Big Picture: Land + Improvements = Market Value
This shows what the CAD market value is made of. Appraisal districts usually separate value between the land and the improvements. Improvements may include the home, garages, shops, patios, pools, decks, storage, and other structures.
Land Value $84,960 + Improvement Value $181,666 = CAD Market Value $266,626
2. Improvement Details: Size, Type & Assessed Value
This is a breakdown of the improvements CAD has listed for the property and the square footage or area connected to those records. CAD improvement records may include the main living area, garages, shops, decks, patios, pools, storage, or other site improvements when available.
Building
Value: $178,545 Total Area: 2242 Sqft Living Area: 1494 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| MAIN AREA | MA | 1,494 Sqft |
| ATTACHED GARAGE | AG | 400 Sqft |
| COVERED PORCH | CP | 120 Sqft |
| COVERED PORCH | CP | 100 Sqft |
| COVERED PORCH | CP | 48 Sqft |
| DECK | DE | 80 Sqft |
| Additional Feature / Structure | Type / Details | Area / Quantity |
|---|---|---|
| MISC IMP | Code: STORAGE · Class: A1 · Built 2015 | 144 Sqft |
3. Current Tax Exemptions & Statutory Limitations
Property tax bills reflect two distinct types of CAD adjustments: local taxing jurisdiction exemptions (which reduce taxable value below appraised value) and statutory appraisal limitations (which limit the annual growth of appraised value itself). Each taxing entity establishes its own exemption amounts and tax rates.
The current CAD record shows a homestead exemption. Reduces Royse City ISD taxable value by $140,000 (from $266,626 net appraised value to $126,626 school taxable value). Current owner’s exemption, not guaranteed to transfer to buyer.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer’s exemptions and future tax obligations may differ.
4. Value After CAD Reductions
This is where CAD reductions, exemptions, limitations, or special-use valuation may affect the value used for tax calculations.
CAD Market Value $266,626 − All Current CAD Reductions $0 = Current Taxed Starting Point $266,626
This reflects the CAD net appraised value after current CAD reductions. Individual taxing units may use different taxable values when exemptions apply.
Taxable-value reduction for applicable school district (Royse City ISD); current owner’s exemption, not guaranteed to transfer to buyer. Other local taxing units on this record apply $0 exemption reduction (taxed at $266,626 net appraised value).
5. Who Taxes It?
These are the local entities included in the current CAD/tax estimate. A property tax bill can include a city, county, school district, municipal utility district, public improvement district, or other special district. Each entity may use its own taxable value, rate, and exemption treatment.
| Entity | Taxable Value | Rate (per $100) | Est. Tax (No Ex.) | Savings | Est. Tax (Current) |
|---|---|---|---|---|---|
|
City
CITY OF FATE |
$266,626 | 0.2909 | $776 | — | $776 |
|
County
ROCKWALL COUNTY |
$266,626 | 0.2620 | $699 | — | $699 |
|
School District
ROYSE CITY ISD |
$126,626 (H) | 1.2552 | $3,347 | -$1,757 | $1,589 |
(H) Taxable reduction reflected in school district taxable value.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer's exemptions and future tax obligations may differ.
6. Estimated Tax Bottom Line
Est. Taxes (No Exemptions) $4,821 − Est. Tax Reductions / Savings $1,757 = Est. Taxes (With Current Exemptions) $3,064
The current CAD tax estimate shows exemptions and adjustments reduce the estimated annual taxes by about $1,757. Estimated taxes without exemptions are calculated by applying each jurisdiction's tax rate to its pre-exemption taxable value. Exemption savings represent the difference between this unexempted estimate and the county's current tax estimate. Taxable values and tax rates vary by jurisdiction. Future taxes depend on buyer qualification and future adopted rates.
The current tax estimate reflects a homestead exemption on the property's present CAD record. That exemption does not automatically transfer to a new owner; a buyer must qualify for their own exemptions. For comparison, the current estimate is $3,064 with the exemptions shown today and $4,821 without exemptions. Actual future taxes will depend on buyer eligibility, future appraised values, and adopted tax rates.
7. CAD Values Over Time
YOY Change reflects the change in CAD Market Value from the prior appraisal year. Taxed / Appraised reflects the CAD net appraised value after CAD reductions, or the certified capped appraisal value where jurisdictions differ. Individual taxing units may use different taxable values when exemptions apply.
| Year | Land | Impr. | Market | Taxed / Appraised | YOY Change |
|---|---|---|---|---|---|
| 2021 | $83,000 | $118,650 | $201,650 | $201,650 | +$7,280 / +3.75% |
| 2022 | $118,000 | $154,400 | $272,400 | $221,654 | +$70,750 / +35.09% |
| 2023 | $147,500 | $153,904 | $301,404 | $243,630 | +$29,004 / +10.65% |
| 2024 | $118,000 | $180,003 | $298,003 | $298,003 | -$3,401 / -1.13% |
| 2025 | $109,740 | $183,754 | $293,494 | $293,494 | -$4,509 / -1.51% |
| 2026 | $84,960 | $181,666 | $266,626 | $266,626 | -$26,868 / -9.15% |
8. List Price vs CAD Value
The current list price and the county’s CAD market value are not the same thing. CAD market value is used for property-tax context and may lag the open market, reflect prior protests, exemptions, caps, agricultural or special-use treatment, or other appraisal district methods.
How does the list price compare with the CAD value?
CAD values are appraisal-district values used for property-tax purposes and can differ from current asking prices and eventual sale prices.
Current List Price $272,900 − Current CAD Market Value $266,626 = Over CAD Value +$6,274 (+2.4%)
A sale price can become part of the appraisal district’s future evidence. A buyer’s future taxable value and tax bill may change after purchase, especially if exemptions, caps, or special-use valuation change.
For tax planning, buyers should confirm future taxable value, exemptions, and special-use treatment with the appraisal district, tax office, lender, CPA, or other qualified advisor.
LIFE AROUND SPRING MEADOW PH 3
A curated look at local favorites, everyday stops, and lifestyle context near this property.