Collin County commissioners are expected to raise property taxes for the first time in over 30 years in a few weeks — something that may be long overdue.
The county is scheduled to vote on its budget and tax rate for the fiscal year that starts Oct. 1 on Sep. 14. The proposed tax rate is about $0.151 per $100 of a home’s value, a slight increase from the current rate of about $0.149 per $100 of a home’s value. If passed, it would be the county’s first property tax rate increase in 33 years.
The county kept the same property tax rate for the past few years, but property tax bills still increased due to an increase in home values…