The median Plano home sale price dropped from $540,000 in March 2022 to $500,000 in March 2023, a 7% decrease in line with neighboring Collin County cities....
In the current year, tax collections increased just over $5.2 million, according to the report. Property tax collections increased by nearly $1.3 million as of March, despite the property tax rate having decreased in the current year.
Residential properties increased by almost $2.3 million and multi-family properties increased by $150,187, but commercial properties are lower than the previous year at a little over $1.1 million, the report says.A 3.5% salary increase that went into effect Oct. 1, along with higher health benefit costs and overtime charges in theSpending for materials and supplies increased $958,464.
West Plano has brought in more hotel occupancy tax revenue. East Plano’s six-month average decreased to $182,502 and West Plano’s six-month average increased to $614,494 from 2022. In 2019, Plano entered into a Voluntary Collection Agreement with Airbnb and entered into the same agreement with HomeAway the following year.listed on Airbnb and VRBO entered a nearby home, the city received $52,963 from Airbnb and $1,986 from VRBO, according to the report.. Myah Taylor covers Collin County with emphasis on Plano. She formerly worked as a fall sports intern covering high school football for The Dallas Morning News. Taylor is a 2022 graduate of the University of Texas at Austin.
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