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Collin County officials raise property tax rate for FY 2026-27

Collin County residents will see a higher property tax rate for fiscal year 2026-27.

What happened: The Collin County Commissioners Court voted to raise the property tax rate to $0.151414 per $100 in property valuation, a 1.4% increase from the rate of $0.149343 per $100 that has been in place since FY 2023-24.

What it means: Despite the higher tax rate, not every Collin County resident will end up paying more property taxes this year, Director of Budget Mónika Arris said.

Explained: Whether or not individual property tax bills increase will depend on the value of each property and how it has changed since last year, Arris said.

 
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Around Town
North Dallas Bank and Trust Co. opens Frisco Fields West multi-use campus

North Dallas Bank and Trust Co. celebrated the opening of its new 51,000-square-foot Frisco Fields Legacy multi-use campus in Frisco’s Fields district Sept. 16.

The details: Open since Sept. 14, the 3.9-acre multi-use campus features a 30,000-square-foot multi-tenant office building anchored by NDBT’s banking center, a community greenspace with historic sculptures and artifacts honoring the heritage of the Fields family.

In the backyard of Frisco’s Fields West, the three-story building features multiple office spaces, meeting areas, gathering spaces and balconies overlooking Fields West. The multi-tenant space anchored to the Fields Legacy campus remains under construction as tenants have not been announced.

 
In Your Community
Frisco introduces Plaza Live! musical series in Rail District

The city of Frisco recently introduced Plaza Live!, a new music and community event series hosted at the new Fourth Street Plaza in Frisco’s Rail District.

The gist: Hosted every first and third Wednesday of the month from 5 - 7 p.m., Plaza Live! will feature live acoustic and local musical performances and lawn games.

The recurring event’s lineup features artists partnered with Melody of Hope and would only be canceled as a result of weather conditions.

 

Don’t let another year go by in pain: Why now may be the right time to address joint and back pain with Baylor Scott & White Medical Center – Frisco

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Metro News
Plano ISD enrollment, Trader Joe’s: Check out 6 trending Dallas-Fort Worth stories

Plano ISD saw enrollment drop by more than 2,500 students, while Trader Joe’s plans stores in Fort Worth and Plano. Check out six trending stories from Community Impact’s Dallas-Fort Worth coverage areas.

1. Plano ISD enrollment down more than 2,500 students from last school year

2. Trader Joe’s plans store in north Fort Worth

3. El Fenix Mexican Restaurant temporarily closes McKinney location

4. Trader Joe's to open second Plano store

5. Project Nexus takes flight, launches air taxi testing at Perot Field in Fort Worth

6. Red's on Main reopens Frisco location after funding challenges

 
Election News
Q&A: Meet the candidates running for U.S. House District 26

Three candidates are running for the U.S. House of Representatives District 26 seat in the Nov. 3 election.

In a nutshell: Republican incumbent Brandon Gill will face Democratic challenger Steven Shook and Libertarian challenger Phil Gray.

Those affected: District 26 includes parts of Denton, Roanoke, Frisco, Prosper, Celina and more.

 
CI Texas
Ending school property taxes for homeowners would cost Texas nearly $9B per year, officials say

Some Texas Republican leaders have vowed to get rid of the property taxes that homeowners pay to their local public school districts, and lawmakers are analyzing how much it would cost to do so.

The big picture: Texas school districts collect about $29 billion per year in maintenance and operations taxes, which cover schools' daily expenses.

Of that $29 billion in school tax revenue, the state comptroller's office estimates that about $8.6 billion is paid by homeowners, and the rest comes from commercial and industrial property taxes.

This means the state would need to spend at least $8.6 billion annually to zero out homeowners' school property tax bills, officials said.

Quote of note: "Broadly speaking, you have a question about how much you want to fund schools, and then separately, where does that money come from?" Texas Education Commissioner Mike Morath said during a Sept. 15 legislative hearing. "If you have a target of how much you want to spend, you need to make sure you have enough variable revenue sources to reach that."

 

Your local team

Samantha Douty
Editor

 

George Rodriguez
General Manager

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