McKinney ISD Proposes Property Tax Rate Reduction Amid $7M Budget Shortfall for 2025–26

Collin County News

May 21, 2025 Maverick Tax Guardians

McKinney Independent School District (MISD) officials have proposed a property tax rate decrease for the 2025–26 school year, even as the district faces a projected budget shortfall of nearly $7 million.

At a May 12 board meeting, Chief Financial Officer Marlene Harbeson presented the proposed tax rate of $1.0780 per $100 of assessed property value, marking a decrease from the previous year’s rate of $1.1252. This rate comprises two components:

Maintenance and Operations (M&O) Rate: Set at $0.7080, as determined by state law.
Interest and Sinking (I&S) Rate: Set at $0.37, determined by district officials.

The proposed tax rate is based on projected property values from the Collin Central Appraisal District, which estimates a 10.75% increase from the prior year, bringing the total to $31.4 billion. Despite the rise in property values, the average single-family home value in McKinney has increased by approximately $6,000, reaching around $581,600 in 2025. Consequently, the owner of an average single-family home can expect their tax bill to decrease by $162.

However, the district anticipates a budget shortfall of nearly $7 million for the upcoming school year. Officials are currently exploring options to address this deficit while maintaining the proposed tax rate reduction.

Source
This news article is based on information from
Community Impact -“McKinney ISD officials project tax rate decrease, nearly $7M shortfall for 2025-26 school year” ( May 16, 2025). Retrieved from:https://communityimpact.com/dallas-fort-worth/mckinney/education/2025/05/16/mckinney-isd-officials-project-tax-rate-decrease-nearly-7m-shortfall-for-2025-26-school-year/