What we reported
Both Collin County and the city of McKinney lowered their respective property tax rates to help reduce the tax burden on their residents as property values and property taxes continue to rise in the area and across the state.
Senate Bill 2 was filed in December by state Sen. Paul Bettencourt, R-Houston, and would require cities and counties to ask for voter approval for any annual property tax hike of 4 percent or greater. The bill would not affect school district taxes.
McKinney Mayor Brian Loughmiller said he is working with other area mayors on correspondence to send to local representatives in Austin regarding the issues and challenges fast-growth cities will face when working to meet demands for city services that may be compromised if economic factors and growth are not taken into consideration when working to address property tax reform.
This story is one update from The January Issue. View the full list of 7 things to look for in 2017 here.