Citywide News Releases

Posted on: August 3, 2017

Notice of 2017 tax year proposed property tax rate for the City of McKinney

Update: On August 7, the City Manager proposed a tax rate of 0.541099. View news release


A tax rate of $0.562600 per $100 valuation has been proposed for adoption by the governing body of City of McKinney. This rate exceeds the lower of the effective or rollback tax rate, and state law requires that two public hearings be held by the governing body before adopting the proposed tax rate.


The governing body of City of McKinney proposes to use revenue attributable to the tax rate increase for the purpose of Public Safety staffing and associated equipment.

  • Proposed tax rate - $0.562600 per $100
  • Preceding year's tax rate - $0.573000 per $100
  • Effective tax rate - $0.526703 per $100
  • Rollback tax rate - $0.562605 per $100


The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of McKinney from the same properties in both the 2016 tax year and the 2017 tax year. 


The rollback tax rate is the highest tax rate that City of McKinney may adopt before voters are entitled to petition for an election to limit the rate that may be approved to the rollback rate.


Your taxes owed under any of the above rates can be calculated as follows: property tax amount= (rate) x (taxable value of your property)/100


For assistance or detailed information about tax calculations, please contact:

Kenneth L. Maun
Tax Assessor-Collector
2300 Bloomdale Road McKinney, TX 75071

972-547-5020

kmaun@collincountytx.gov

City of McKinney Tax Information page


You are urged to attend and express your views at the following public hearings on the proposed tax rate: First Hearing: August 15, 2017 at 6 p.m. at the Jack Hatchell Collin County Administration Building, 2300 Bloomdale Road, 4th Floor, Commissioners Court, McKinney, TX 75071.


Second Hearing: September 5, 2017 at 6 p.m. at the Jack Hatchell Collin County Administration Building, 2300 Bloomdale Road, 4th Floor, Commissioners Court, McKinney, TX 75071 .