Collin County residents will on average pay $5.45 less in county property taxes in fiscal year 2018-19 than in FY 2017-18 after county commissioners on Monday approved its budget and tax rate. Commissioners adopted a tax rate of $0.180785 per $100 property valuation for FY 2018-19, down nearly 1.15-cents from the $0.192246 per $100 property valuation rate in FY 2017-18. This is the county’s 25th year with no tax rate increase. The tax rate is broken down into two categories: $0.127212 per $100 valuation for maintenance and operations and $0.053573 per $100 valuation for debt service. The average home value in Collin County is $363,040, according to a presentation during a Sept. 10 meeting. If the new property tax rate is approved, the average county tax bill would slightly decrease in FY 2018-19 from $628.96 to $623.51, according to the presentation. The FY 2018-19 budget totals $378.2 million, which includes the county’s operating funds, debt service funds and other funds, according to a letter from Budget and Finance Director Monika Arris to county commissioners.