The Plano Independent School District will hold a public meeting June 23 to discuss the district’s proposed 2026-27 budget and tax rate. The hearing was set by the PISD Board of Trustees at the board’s regular meeting on May 19.
The meeting is scheduled for 5:30 p.m. at the Administration Building Board Room, 2700 West 15th Street in Plano.
Residents are invited to attend and participate in the discussion regarding the proposed budget and tax rate before trustees adopt the budget.
Trustees reviewed anticipated savings along with significant projected expenditures — including the increased cost of utilities and McKinney Vento Transportation — at their Tuesday, May 5, regular meeting.
However, the staff proposed increasing the district’s total budget by just 0.17% or $144,601. That would raise the 2025-26 budget amount of $86,560,867 to $86,705,468 in 2026-27.
As a result, district officials are proposing to decrease the total tax rate for property within the Plano ISD by $0.0068 or less than one penny.
The current total tax rate for 2025-26 is $1.03955 per $100 valuation and the district will consider a proposed 2026-27 rate of $1.03275 per $100 valuation, the voter-approved rate.
The proposed rate is made up of $0.79540 for maintenance and operations and $0.23735 for debt service (interest & sinking) tied to voter-approved bonds. Under the proposed rate, the M&O of $0.80220 would decrease but I&S would remain the same.
The district’s total taxable property value is estimated at $75.22 billion for the current tax year, down slightly from approximately $74.36 billion last year.
New taxable property value is estimated at about $665.2 million, an increase of roughly 0.89% from the previous year.
Plano ISD’s total appraised property value is listed at approximately $105.76 billion, compared with $100.83 billion during the preceding tax year.
For homeowners, the district estimates taxes on the average residence would increase slightly. Based on a mean taxable home value of $368,605, taxes are projected at $3,807 annually, an increase of $54 from the previous year.
Under Texas law, the Plano ISD’s voter-approval tax rate is $1.03275 per $100 valuation. If the district adopts a rate above that threshold, voter approval would be required through an election. The proposed rate remains at that level.
Additional information regarding property taxes and proposed tax rates is available through the state’s property tax database at Texas.gov/PropertyTaxes.
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