Property values in the rapidly growing DFW metroplex often lead to significant tax bills, making the effective rate a critical figure for homeowners to monitor during the appraisal process. 25% General State Revenue Collin County 1.
McKinney TX Tax Rate Revenue and How It Impacts Your Bills
50% Local Municipal Services Total Rate 8. The county imposes its own sales tax rate which is added to the state rate.
City of McKinney Municipal Rate The City of McKinney also levies a municipal sales tax to fund local services such as road maintenance, public safety, and parks and recreation. The effective tax rate is determined annually by the city council and school board budgets.
McKinney TX Tax Rate Revenue and How It Impacts Local Services
Collin County Rates As the seat of Collin County, a portion of the sales tax collected in McKinney is remitted to the county government. Specific manufacturing equipment or goods purchased for resale are generally exempt from the sales tax.
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