The McKinney ISD property tax rate will be slightly lower for fiscal year 2025-26.

The total rate approved by the board is $1.1043 per $100 valuation, a $0.0209 decrease from FY 2024-25’s rate of $1.1252 per $100 valuation. The district’s board of trustees unanimously approved the new rate at an Aug. 18 board meeting .

The overview

The new tax rate is broken down into two pieces:

The first piece is the maintenance and operations rate, which covers operational expenses such as payroll and is determined by state law, district officials said. The M&O rate is $0.7343 per $100 valuation, which is $0.0209 lower than the prior year’s rate.

The second piece is the interest and sinking, or I&S, rate, which pays for the district’s principal and interest on its debts and is determined by d

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