Plano Council Weighs $2.7 Million Property Tax Levy

The city is requesting about $2.7 million in property taxes for 2026, a roughly 4.99 percent increase over last year's levy.

Updated on Nov. 10, 2026 in City Hall

Plano Council Weighs $2.7 Million Property Tax Levy

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The Plano City Council discussed the proposed 2026 property tax levy during a committee of the whole meeting on Monday. The city is requesting about $2.7 million, with a requested tax rate of .68921 compared with .69612 for 2025.

Why it matters

The levy determines the city's portion of property tax bills that Plano residents pay to fund city services. Because the city controls only its share of property taxes, the levy does not reflect county, school district, or fire protection district charges.

The requested levy includes about $860,800 for the police pension fund, $700,600 for the general operating fund, and $425,000 for Social Security. The source does not say whether the council will adopt these figures as proposed.

The players

Plano City Council

The Plano City Council is the elected legislative body that governs the city of Plano, Texas, and sets its budget and tax levy.

The details

The City Treasurer presented the requested levy amount and tax rate to the council, which is calculated by applying the tax rate to the equalized assessed value of property. Assuming assessed values have not changed, most residents should see the city's portion of their property tax bill stay relatively the same or decrease slightly.

Monday: Council discussed the proposed levy in committee of the whole.
2026: The levy amount and tax rate would apply to property taxes.

Big Picture

The proposed 2026 rate of .68921 would continue a modest decline from Plano's 2025 rate of .69612, even as the total levy rises about 4.99 percent. Because the rate is applied to a growing assessed value base, the city's total collections increase even with a lower rate.

Most Plano residents should see the city's portion of their property tax bill stay about the same or decrease slightly, assuming assessed values have not changed. Residents should check their own bills, since the city's share is only one part of the total property tax they pay.

The takeaway

Property tax bills are shaped by several taxing entities, so the city's portion is only one piece of what residents pay. Watching the council's final vote will show whether the proposed rate holds.