McKinney’s property tax rate for the upcoming fiscal year that starts Oct. 1 is slightly lower than the current rate – but rising property values means homeowners will likely see a higher bill.
The McKinney city council voted unanimously to adopt a tax rate of about 41.2 cents per $100 of a home’s value, down from about 41.6 cents per $100 last year. Property values in McKinney went up 5%, meaning homeowners will likely pay more in taxes under the new rate.
City council member Patrick Cloutier said ahead of the vote that keeping tax rates low is a priority for McKinney…