116 MAIN ST is cataloged under the Collin County, TX property tax appraisal roll with a certified market valuation of $53,197. Structural improvements constitute 85% ($45,197) of total parcel value, with allocated land value accounting for 15% ($8,000). The parcel currently benefits from a statutory tax assessment differential of $20,396 (38.3% below market), which is subject to standard ad valorem adjustments upon ownership conveyance. Based on the prevailing TX benchmark tax rate of 1.66%, estimated annual ad valorem taxes are approximately $883/year.