McKinney City Council members are expected to vote on the city’s fiscal year 2026-27 tax rate and budget at an upcoming Sept. 1 meeting.
In a nutshell
The city’s proposed budget totals $880 million and allocates funding for all of McKinney’s operating funds as well as its Capital Improvements Program, according to a city document. Council members are also considering a property tax rate of $0.412284 per $100 valuation, which would be the same rate as last year.
The median taxable value of properties in McKinney is estimated to be $518,165, according to 2026 certified totals from Collin Central Appraisal District. The owner of a median-valued property would pay a property tax bill of about $2,136.31 under the proposed tax rate, according to a taxpayer impact statement.
City officials originally proposed an increase to the tax rate but council members requested that staff look at ways to maintain last year’s lower tax rate. At an Aug. 18 meeting, Chief Financial Officer Mark Holloway reviewed options to reduce up to $1.2 million in expenses if council members were to approve the same tax rate as last fiscal year.
The next fiscal year will begin Oct. 1 and run through Sept. 30, according to the proposed budget.
Also on the agenda
Council members are also scheduled to consider a commercial zoning case for nearly 9.8 acres of land located along Eldorado Parkway. McKinney’s Planning and Zoning Commission unanimously recommended approval of the zoning request during an Aug. 11 meeting.
The property is currently zoned for office uses under a planned development zoning ordinance approved in 2003, according to city documents. The applicant is seeking a “C2” commercial zoning district which would enable development of mid-sized, medium-intensity commercial, retail and office uses, according to McKinney’s Unified Development Code.
Looking ahead
McKinney City Council is scheduled to meet at 3 p.m. for a work session and at 6 p.m. for the regular meeting on Sept. 1. Both meetings will take place at McKinney City Hall, located at 401 E. Virginia St.
The meetings will be livestreamed for those unable to attend in person. For more information about McKinney City Council meetings, visit www.mckinneytexas.org/1168/council-meetings.
