Plano accepts final certified appraisal property values for fiscal year 2020-21

PLANO, TX – The final certified appraisal rolls project roughly $209 million in revenue for the city of Plano for fiscal year 2020-21.

This is roughly $670,000 more than the original estimate the city received in July, according to documents presented at an Oct. 26 City Council meeting.

The average home value did drop slightly from $379,629 in FY 2019-20. The average home value is now $378,396. With the adopted tax rate of $0.4482 per $100 of assessed property value, the average home owner can expect a $4 savings in their annual tax bill, now calculated at $1,357.

Of the expected $209 million in revenue, close to half is expected to come from single-family homes, while roughly 42% of the revenue will come from commercial properties. The remaining amount will come from multifamily properties, according to a staff presentation.

The city’s total taxable value is $46.6 billion, an increase of $1.4 billion over FY 2019-20. Roughly $852.2 million of this total value comes from new growth, largely commercial.