Collin County now boasts the lowest county property tax rate
in Texas.
The Collin County Commissioners Court approved a
property tax rate cut for the upcoming 2017 fiscal year, marking the seventh
county tax cut in the last ten years, and 24 years without an increase in the
county property tax rate.
The new rate is $0.208395 per $100 valuation and continues a five percent homestead exemption.
According to the county’s Central Appraisal District, the county’s property tax
base increased almost twelve percent from 2015 to 2016, equaling $107.65
billion in total adjusted taxable value. This makes the average home in Collin
County valued at $317,599, with the average county tax equaling $628.77.
County tax revenues are spent on the following county
government functions:
Public Safety (21.3%)
Debt Service (17.8%)
General Administrative (15.9%)
Public Transportation (8.7%)
Health and Welfare (7.1%)
Judicial (6.4%)
Public Facilities (4.7%)
Legal (4.2%)
Financial Administrative (3.9%)
Equipment Services (1.4%)
Culture and Recreation (0.3%)
Conservation (0.1%)
Unclassified (8.4%)
