{"id":435859,"date":"2026-09-14T19:44:08","date_gmt":"2026-09-14T19:44:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/435859\/"},"modified":"2026-09-14T19:44:08","modified_gmt":"2026-09-14T19:44:08","slug":"plano-isd-approves-decreased-tax-rate-for-upcoming-fiscal-year-plano","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/435859\/","title":{"rendered":"Plano ISD approves decreased tax rate for upcoming fiscal year | Plano"},"content":{"rendered":"<p><a href=\"https:\/\/www.pisd.edu\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Plano ISD&#8217;s<\/a> board of trustees approved a slightly lower tax rate for the upcoming fiscal year <a href=\"https:\/\/planoisdtx.new.swagit.com\/videos\/400538\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">on Sept. 8<\/a>.<\/p>\n<p>The new tax rate for fiscal year 2026-27 of $1.03275 per $100 of taxable value is down from the current rate of $1.03955 per $100 of taxable value.<\/p>\n<p>What you need to know<\/p>\n<p>District Chief Financial Officer Courtney Reeves said that the tax rate decline has been &#8220;primarily driven by state-mandated tax rate compression.&#8221; The new rate is equal to the maximum allowed rate without triggering an election.<\/p>\n<p>The rate has decreased by 28% since fiscal year 2016-17.<\/p>\n<p>Despite the lowered tax rate, Plano homeowners will, on average, pay more in taxes next fiscal year due to increased property values, Reeves said.<\/p>\n<p>The average market value of a home in Plano is $614,707, up from $611,450 last fiscal year.\u00a0<\/p>\n<p>One more thing<\/p>\n<p>PISD expects to send 24% of collected property taxes to the state as part of the recapture program, which reallocates tax revenue from property-rich districts to those the state deems property-poor.<\/p>\n<p>The district\u2019s recapture bill was more than $111 million in fiscal year 2025-26, or around 21% of collected tax revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"Plano ISD&#8217;s board of trustees approved a slightly lower tax rate for the upcoming fiscal year on Sept.&hellip;\n","protected":false},"author":2,"featured_media":435860,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[151064,160,162,2336,161,51464,151065,12539,25538,27],"class_list":["post-435859","post","type-post","status-publish","format-standard","has-post-thumbnail","category-plano","tag-courtney-reeves","tag-plano","tag-plano-headlines","tag-plano-isd","tag-plano-news","tag-property-values","tag-recapture-program","tag-school-district","tag-tax-rate","tag-texas"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/435859","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=435859"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/435859\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/435860"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=435859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=435859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=435859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}