A tax rate of $0.413921 per $100 valuation has been proposed by the governing body of City of McKinney.
PROPOSED TAX RATE $0.413921 per $100
NO-NEW-REVENUE TAX RATE $0.398018 per $100
VOTER-APPROVAL TAX RATE $0.419449 per $100
The no-new-revenue tax rate is the tax rate for the 2025 tax year that will raise the same amount of property tax revenue for City of McKinney from the same properties in both the 2024 tax year and the 2025 tax year.
The voter-approval rate is the highest tax rate that City of McKinney may adopt without holding an election to seek voter approval of the rate.
The proposed tax rate is greater than the no-new-revenue tax rate. This means that City of McKinney is proposing to increase property taxes for the 2025 tax year.
A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 2, 2025 AT 6:00 PM AT City of McKinney - Council Chambers, 401 E Virginia St., McKinney, TX 75069. The proposed tax rate is not greater than the voter-approval tax rate. As a result, City of McKinney is not required to hold an election at which voters may accept or reject the proposed tax rate. However, you may express your support for or opposition to the proposed tax rate by contacting the members of the Governing Body of City of McKinney at their offices or by attending the public hearing mentioned above. YOUR TAXES OWED UNDER ANY OF THE RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS:
Property tax amount= (tax rate) x (taxable value of your property)/100
FOR the proposal: Bill Cox Justin Beller Patrick Cloutier Michael Jones Ernest Lynch
AGAINST the proposal:
PRESENT and not voting:
ABSENT: Geré Feltus Rick Franklin
Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can easily access information regarding your property taxes, including information about proposed tax rates and scheduled public hearings of each entity that taxes your property.
The 86th Texas Legislature modified the manner in which the voter-approval tax rate is calculated to limit the rate of growth of property taxes in the state.
The following table compares the taxes imposed on the average residence homestead by City of McKinney last year to the taxes proposed to be imposed on the average residence homestead by City of McKinney this year.
For assistance with tax calculations, please contact the tax assessor for City of McKinney at 972-547-5020 or taxassessor@collincountytx.gov, or visit https://www.mckinneytexas.org/ for more information.
