Taxes
Texas has no personal or corporate income tax.
The City of Plano allows a significant homestead exemption on its residential property taxes, enabling its citizens to have the lowest tax rate among other DFW area cities. Your money really does go further in Plano!
|
Property Tax Rates per $100 Valuation
FY 09/10 |
|
City of Plano |
$0.488600 |
|
Collin County |
$0.242500 |
|
Plano Independent School District Rate |
$1.328400 |
|
Special District - Collin County Community College |
$0.086300 |
|
Total |
$2.14580 |
|
Sales/Use Tax Rate
FY 09/10 |
|
State |
6.25% |
|
Local |
1.00% |
|
Dallas Area Rapid Transit (DART) |
1.00% |
|
Total |
8.25% |