The new rate of $1.03955 per $100 of assessed value was approved by the PISD board of trustees during its Aug. 19 meeting. The 2025-26 rate is a decrease from 2024-25’s rate $1.04245 per $100 of assessed value.
The gist
The approved rate is the maximum a taxing entity can adopt without triggering an election, according to district Chief Financial Officer Courtney Reeves.
This upcoming fiscal year is the seventh consecutive year PISD’s tax rate has decreased. Reeves added that while average property value in Plano increased from “just over $600,000” to $613,000 over the last year, the district anticipates that the average resident will pay $4,670 in property taxes to the school this year, down $21 from last year’s average.
“Overall it’s good news for our taxpayers to see that rate go down over the last 10 years,” Reeves said.
What else
The district is also giving less property tax revenue back due to recapture, a program in which funds are redistributed from districts the state deems property rich to districts deemed property poor. PISD staff is expecting a $123 million recapture bill.
