Taxes

 Texas has no personal or corporate income tax. The City of Plano allows a significant homestead exemption on its residential property taxes, enabling its citizens to have the lowest tax rate among other DFW area cities.
tax example cropped

Property Tax Rates*
 FY 13/14

City of Plano

$0.4886

Collin County

$0.2375

Plano Independent School District

$1.4530

Special District - Collin County Community College

$0.083643

Total

 $2.262743

 * per $100 Valuation

Sales/Use Tax Rate
 FY 12/13

State

6.25%

Local

1%

Dallas Area Rapid Transit (DART)

1%

Total

8.25%