{"id":431043,"date":"2026-09-09T22:04:08","date_gmt":"2026-09-09T22:04:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/431043\/"},"modified":"2026-09-09T22:04:08","modified_gmt":"2026-09-09T22:04:08","slug":"allen-officials-decrease-tax-rate-adopt-380m-budget-allen","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/431043\/","title":{"rendered":"Allen officials decrease tax rate, adopt $380M budget | Allen"},"content":{"rendered":"

The city of Allen<\/a>\u2019s property tax rate will slightly decrease as the city\u2019s total assessed property value continues to rise.<\/p>\n

Allen City Council approved decreasing the city’s tax rate alongside approval of a $380 million budget for fiscal year 2026-27 following a public hearing at a Sept. 8 meeting<\/a>.<\/p>\n

The overview<\/p>\n

The approved property tax rate for the 2027 tax year is $0.4147 per $100 of assessed valuation, which is a $0.0007 decrease from FY 2025-26, per city documents<\/a>.\u00a0<\/p>\n

In Allen, the median single-family home is valued at $492,609, city documents state. With the approved tax rate of $0.4147, the annual property tax bill for the median-valued home will be $2,042.85 or approximately $170 per month, city documents state.\u00a0<\/a><\/p>\n

The city of Allen\u2019s tax rate has been decreasing each year since FY 2017-18, city documents state. FY 2026-27 is the 34th year in Allen\u2019s history that city officials have reduced the tax rate, Allen Chief Financial Officer Pete Phillis said.<\/p>\n

\u201cWhile some of our neighboring cities are increasing their tax rates or keeping them the same, Allen is in a position to lower ours,\u201d council member Tommy Baril said. \u201cI believe this speaks to the strong financial foundation this community has built over many years.\u201d\u00a0<\/p>\n

At the same time, the city\u2019s total assessed property value has been increasing over the past five years, with about $446 million in new construction added to the city\u2019s tax roll this year, per city documents. The city\u2019s total assessed property valuation is $24.45 billion, an increase of just over $1 billion from $23.1 billion the previous fiscal year.\u00a0<\/p>\n

Diving deeper<\/p>\n

Allen officials are predicting $157.3 million in general fund revenue and an additional $222 million in special revenue for a total budget of $380 million, per city documents.\u00a0<\/p>\n

\u201cThis budget is a balanced budget,\u201d Phillis said. \u201cIt\u2019s a budget that is in the best interest of all stakeholders of the community.\u201d\u00a0<\/p>\n

Allen\u2019s general fund budget of $157 million will fund public safety, community development, recreation and more. The largest portion of the general fund budget\u2014nearly half at $74 million\u2014will go toward public safety, per city documents.\u00a0Officials are also expecting the city to generate $2.8 million in hotel occupancy tax and $1.4 million in grant funds.\u00a0<\/p>\n

\u201cI believe the budget prepared looks at opportunities for savings and efficiencies … in an environment where costs seem to be increasing all around us,\u201d council member Carl Clemencich said.\u00a0<\/p>\n

City officials have budgeted nearly $87 million in water and sewer revenue and are expecting the costs of providing water and sewer services to reach $85 million, per city documents.\u00a0The city has also budgeted $10 million in solid waste revenue and is expecting to spend $9.8 million to provide those services, city documents state.\u00a0<\/p>\n

\u201cEveryone should be proud of where we\u2019re at as a city,\u201d Mayor Chris Schulmeister said.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The city of Allen\u2019s property tax rate will slightly decrease as the city\u2019s total assessed property value continues…\n","protected":false},"author":2,"featured_media":431044,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[1242,55589,2050,118457,102347,149818,160,162,161,6025,108710],"class_list":["post-431043","post","type-post","status-publish","format-standard","has-post-thumbnail","category-plano","tag-allen","tag-allen-city-council","tag-budget","tag-carl-clemencich","tag-chris-schulmeister","tag-pete-phillis","tag-plano","tag-plano-headlines","tag-plano-news","tag-property-tax-rate","tag-tommy-baril"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/431043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=431043"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/431043\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/431044"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=431043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=431043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=431043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}