Plano ISD's board of trustees approved a slightly lower tax rate for the upcoming fiscal year on Sept. 8.
The new tax rate for fiscal year 2026-27 of $1.03275 per $100 of taxable value is down from the current rate of $1.03955 per $100 of taxable value.
What you need to know
District Chief Financial Officer Courtney Reeves said that the tax rate decline has been "primarily driven by state-mandated tax rate compression." The new rate is equal to the maximum allowed rate without triggering an election.
The rate has decreased by 28% since fiscal year 2016-17.
Despite the lowered tax rate, Plano homeowners will, on average, pay more in taxes next fiscal year due to increased property values, Reeves said.
The average market value of a home in Plano is $614,707, up from $611,450 last fiscal year.
One more thing
PISD expects to send 24% of collected property taxes to the state as part of the recapture program, which reallocates tax revenue from property-rich districts to those the state deems property-poor.
The district’s recapture bill was more than $111 million in fiscal year 2025-26, or around 21% of collected tax revenue.
