BY JACQUELYN BURRER
Council raises property tax rate, adopts budget Plano residents will see higher property tax bills after City Council members voted to raise the city’s property tax rate by just over 4% at their Sept. 8 meeting. Staff initially proposed a rate of $0.4406 per $100 valuation on Aug. 26, before approving the lower rate of $0.4376 per $100 valuation. The approved rate is higher than the current rate of $0.4176 per $100 valuation. What you need to know The approved budget is about 5% larger than last fiscal year’s and includes Plano’s $319 million Community Investment Program, which funds projects such as street improvements, public parks, facility improvements and erosion control. Karen Rhodes-Whitley, director of budget and research, said the program is primarily funded through the debt portion of the property tax rate.
Vote on Austin Ranch townhomes tabled Plans for a proposed townhome develop- ment at Austin Ranch remain under review after Plano Planning and Zoning Commis- sioners postponed a zoning change request required for the development. The gist The developer, Trammell Crow Company, is asking for a zoning change for 3.3 acres from agricultural to single-family residential, with a paired concept plan for townhomes on 2.3 acres of the land. The development was initially proposed to include 16 single-family townhomes. What’s next? The requests will go before Plano’s Plan- ning and Zoning Commissioners at their Oct. 20 meeting.
Plano's tax rate from fiscal year 2020-25
Maintenance and operations rate Interest and sinking rate
Tax rate (per $100 valuation)
$0 $0.1 $0.2 $0.3 $0.4 $0.5
$.11 $.11
$.12 $.12 $.12 $.12
$.34 $.33 $.30 $.30 $.30 $.32
Fiscal year
SOURCE: CITY OF PLANO/COMMUNITY IMPACT
With the new rate, the average Plano homeowner will owe $1,978 in city property taxes—about $234 more than last year. The new budget and tax rate take effect Oct. 1, marking the start of the city’s 2025-26 fiscal year.
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