The Plano Independent School District\u00a0will hold a public meeting June 23 to discuss the district\u2019s proposed 2026-27 budget and tax rate. The hearing was set by the PISD Board of Trustees at the board\u2019s regular meeting on May 19.<\/p>\n
The meeting is scheduled for 5:30 p.m. at the Administration Building Board Room, 2700 West 15th Street in Plano.<\/p>\n
Residents are invited to attend and participate in the discussion regarding the proposed budget and tax rate before trustees adopt the budget.<\/p>\n
Trustees reviewed anticipated savings along with significant projected expenditures \u2014 including the increased cost of utilities and McKinney Vento Transportation \u2014 at their Tuesday, May 5, regular meeting.<\/p>\n
However, the staff proposed increasing the district\u2019s 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.<\/p>\n
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.\u00a0<\/p>\n
The current total tax rate for 2025-26 is $1.03955\u00a0per $100 valuation and the district will consider a proposed 2026-27 rate of $1.03275 per $100 valuation, the voter-approved rate.<\/p>\n
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.<\/p>\n
The district\u2019s total taxable property value is estimated at $75.22 billion for the current tax year, down slightly from approximately $74.36 billion last year.\u00a0<\/p>\n
New taxable property value is estimated at about $665.2 million, an increase of roughly 0.89% from the previous year.<\/p>\n
Plano ISD\u2019s total appraised property value is listed at approximately $105.76 billion, compared with $100.83 billion during the preceding tax year.<\/p>\n
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.<\/p>\n
Under Texas law, the Plano ISD\u2019s 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.<\/p>\n
Additional information regarding property taxes and proposed tax rates is available through the state\u2019s property tax database at Texas.gov\/PropertyTaxes.<\/p>\n