Plano ISD Trustees have confirmed the Fiscal Year 2026-27 property tax rate will decrease less than one cent, or $0.0068, per $100 of appraised valuation.

Meeting Tuesday, Sept. 8, the school board formally adopted the voter-approved rate of $1.03275 per $100 valuation, down slightly from the 2025-26 rate of $1.03955 per $100 valuation.

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.

Plano ISD certified property values showed a 1.91% increase from $74.36 billion to $75.77 billion with $700.5 million in new construction, according to Collin Central Appraisal District. The average value of a home in the PISD is $614,707, compared with $613,290 in 2025.

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.

Meeting on June 23, PISD trustees adopted a $691.6 million general operating budget for fiscal year 2026-27 that projects a $44.8 million operating shortfall, reflecting continued pressure from declining enrollment, inflation and state funding formulas that district officials say have not kept pace with rising costs. 

The spending plan anticipates $634.6 million in general fund revenue and $691.6 million in expenditures, with the deficit to be covered through existing fund balance and other financing sources.

District officials said enrollment was expected to fall to about 41,830 students, continuing a multiyear decline driven by lower birth rates, changing demographics, rising housing costs and growing competition from charter schools, private schools and homeschooling. Because state aid is largely based on average daily attendance, fewer students translate directly into lower revenue. While House Bill 2 increased state funding, Plano ISD said the additional money does not fully offset enrollment losses, inflation and growing maintenance needs for aging facilities.

Instruction remained the district’s largest expenditure at about $340.8 million, followed by maintenance and operations at $55.6 million, school leadership at $32 million and guidance and counseling at $27.2 million. 

The budget also includes a 2% salary increase for eligible employees; market-rate pay adjustments and continued health care contributions to retain staff. 

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