Home
/US Property Taxes
/Texas
/Collin County
/Mckinney

Mckinney, Collin County, Texas Property Taxes

  • Median McKinney, TX effective property tax rate: 1.51%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median McKinney, TX home value: $505,340

  • Median annual McKinney, TX tax bill: $7,060, $4,660 higher than the national median property tax bill of $2,400.

How are property taxes in Collin County calculated?

Property taxes in McKinney, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding McKinney’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in McKinney, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mckinney, Collin County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.51%

Estimate Property Tax Bill

$7,631

$7,081

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s McKinney Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in McKinney with just two data points. By entering your property's estimated assessed value, our calculator applies McKinney’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Collin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mckinney, Collin County, Texas

Local government entities in Texas set tax rates, which can vary widely within the state. Each year, Collin County estimates the budget needed for public services and divides it by the total value of all taxable property in its jurisdiction, resulting in the property tax rate. This process, though influenced by votes and laws, is the annual routine for determining property taxes. In McKinney, located in Collin County, the effective property tax rate is a key figure for homeowners to consider. McKinney's property tax rate is slightly above the national median rate of 1.02%, reflecting regional economic factors and budgetary needs. The median property tax rate in McKinney is 1.51%, with the highest rate in the area at 1.54% in the 75071 zip code and the lowest at 1.46% in the 75069 zip code. These rates are higher than the national median property tax bill of $2400, indicating a robust local economy and the county's commitment to funding services. Comparing these rates to other cities in Texas and the U.S. provides valuable insight for property owners looking to appeal or understand their tax assessments.

Property Tax Rates Across Mckinney, Collin County, Texas

Source: Ownwell

Loading...

0.21%

1.09%

1.98%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Mckinney Tax Rate

1.51%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Collin County Tax Rate

1.49%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mckinney, Collin County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
750690.89%1.23%1.46%1.77%1.77%
750701.32%1.41%1.49%1.67%1.77%
750711.12%1.36%1.54%1.70%1.77%
750721.34%1.43%1.52%1.63%1.77%

Source: Ownwell

Property Tax Assessment Values Across Mckinney, Collin County, Texas

When examining property taxes in McKinney, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Collin County Central Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Collin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in McKinney. For example, the median home price in McKinney is $505,340, with tax bills ranging significantly across the county. Zip code 75072 has the highest median home price at $552,038.

Property Tax Assessment Values Across Mckinney, Collin County, Texas

Source: Ownwell

Loading...

$284,449

$817,099

$1,349,748

Median Mckinney Market Value

$505,340

Median Collin County Market Value

$496,962

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mckinney, Collin County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
75069$165,918$246,106$348,085$482,507$657,571
75070$375,171$418,000$483,600$631,081$761,932
75071$322,898$400,036$510,412$642,336$777,728
75072$397,999$462,023$552,038$670,576$847,930

Source: Ownwell

Property Tax Bills Across Mckinney, Collin County, Texas

In McKinney, Collin County, TX, property tax bills are calculated based on assessed property values and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of homes. Homeowners in McKinney face varying tax bills, with the 25th percentile at $5,453 and the 75th percentile at $8,989. The 90th percentile sees bills as high as $11,362, significantly above the national median property tax bill of $2,400. The highest median tax bill in the area is $7,681 in zip code 75072, while the lowest is $4,712 in zip code 75069. Factors influencing these amounts include property location, size, and improvements. High property taxes can strain homeowners' finances, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax burdens. With a deep understanding of local tax regulations, Ownwell assists homeowners in navigating the appeal process, ensuring they pay only their fair share.

Property Tax Bills Across Mckinney, Collin County, Texas

Source: Ownwell

Loading...

$797

$9,028

$17,259

Median Mckinney Tax Bill

$7,060

Median Collin County Tax Bill

$6,925

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Mckinney, Collin County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
75069$1,306$3,002$4,712$6,647$9,270
75070$4,780$5,743$7,058$8,929$10,796
75071$3,830$5,384$7,061$9,056$11,414
75072$5,033$6,245$7,681$9,520$12,198

Source: Ownwell

Don't miss the deadline to protest!