The Plano ISD board of trustees adopted a slightly lower property tax rate at its Sept. 7 meeting that will generate more funds for the district than the 2020-21 rate.The adopted rate of $1.32075 per $100 property valuation is 0.22% lower than the rate passed last year. However, it will raise more taxes for maintenance and operations than last year’s rate, according to a document prepared for the board. Chief Financial Officer Randy McDowell said the new rate is effectively a less than 0.2% increase over the $1.32375 per $100 property valuation adopted for the 2020-21 school year.

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