header
Department: Budget & Performance Management
Director: Karen Rhodes-Whitley, Director of Budget & Performance Management
Agenda Item: 2026-27 Property Tax Rate
Recommended Action: Items for Individual Consideration
end
Item Summary
title
Consideration of an Ordinance to approve and adopt the Tax Rate for the fiscal year beginning October 1, 2026, and terminating September 30, 2027; and providing an effective date. (The first Public Hearing was held on August 24, 2026. The second Public Hearing is being held on September 14, 2026, prior to the adoption of this Ordinance.)
Effective September 1, 2025, in accordance with Texas Government Code Section 551.043(c), the City of Plano Proposed Budget for Fiscal Year 2026-27 is posted at www.plano.gov and the Taxpayer Impact Statement for a Median-Valued Homestead tax bill comparison is posted as follows:
MEDIAN-VALUED HOMESTEAD: $452,109
FY2025-26 (Tax Yr 2025) Estimated property tax bill at the current tax rate of $0.43760 (per $100): $1,978
MEDIAN-VALUED HOMESTEAD: $464,574
FY2026-27 (Tax Yr 2026) Estimated property tax bill at the proposed tax rate of $0.43760 (per $100): $2,033
FY2026-27 (Tax Yr 2026) Estimated property tax bill at the No New Revenue tax rate of $0.43322 (per $100): $2,013
body
Background
This Ordinance sets the ad valorem tax rate for 2026-27 at $0.4376 cents per $100 assessed valuation, to be distributed as follows:
$0.3136 for Operation & Maintenance
$0.1240 for General Obligation Debt
_______________________________
$0.4376 Total Tax Rate
THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 1.01% AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY ($9.60).
THIS TAX RATE IS EQUAL TO $0.4376.
Financial Summary/Strategic Goals
This item has no financial impact.
Adoption of this Ordinance relates to the City's Strategic Plan Critical Success Factor of Excellent, Innovative, and Accountable City Government.
Attachments
Memo
Ordinance