Collin County residents will see a higher property tax rate for fiscal year 2026-27.<\/p>\n
The Collin County Commissioners Court voted to raise the property tax rate to $0.151414 per $100 in property valuation, a 1.4% increase from the rate of $0.149343 per $100 that has been in place since FY 2023-24.<\/p>\n
Commissioners also approved a $619.6 million budget<\/a> for FY 2026-27, a $20.4 million increase compared to the FY 2025-26 budget.<\/p>\n The commissioners approved the property tax rate and budget for FY 2026-27 at a Sept. 14 meeting<\/a>. Both items passed 4-1 with County Judge Chris Hill in opposition.<\/p>\n What it means<\/p>\n Despite the higher tax rate, not every Collin County resident will end up paying more property taxes this year, Director of Budget M\u00f3nika Arris said.<\/p>\n While the median home value in Collin County has increased, the average home value has decreased, according to Arris\u2019s presentation. Whether or not individual property tax bills increase will depend on the value of each property and how it has changed since last year, Arris said.<\/p>\n The discussion<\/p>\n Hill voted against the FY 2026-27 budget and tax rate because he opposed increasing property taxes for residents, he said.<\/p>\n \u201cI\u2019d like to see us not raise the tax rate,\u201d Hill said, noting that Collin County officials haven\u2019t raised the property tax rate since 1993.<\/p>\n Before the commissioners voted on the budget and tax rate, Hill made two failed motions.<\/p>\n The first motion would have asked each department to cut its budget by 2.76% to avoid raising the property tax rate.<\/p>\n Smaller departments would have seen budget reductions in the tens of thousands of dollars, while major departments like jail operations would have been asked to cut more than $1 million.<\/p>\n \u201cIf we ask them to do this, especially after we\u2019ve already asked them to cut, cut, cut \u2026 How do we do that?\u201d Commissioner Susan Fletcher said.<\/p>\n In his second motion, Hill proposed lowering the county\u2019s employee compensation target from the 75th percentile of comparison counties down to the 50th percentile.<\/p>\n Fletcher pushed back on the idea of reducing raises for county staff.<\/p>\n \u201cOur employees are the backbone of our county,\u201d she said.<\/p>\n