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Tax Rate Ordinance
Tax Information
Property taxes are an ad valorem tax, meaning "according to value". In this case, the market value of your property. These taxes are levied by local taxing entities and are governed by State Property Tax Laws. Property taxes pay for public schools, city streets, police and fire protection, parks, and many other services.
2022 Tax Rates
- City of Princeton - $0.534543
- Princeton ISD - $1.442900
- Collin County - $1.162889
- Collin College - $0.082995
All taxes are per $100 of taxable value.
Tax Rate Comparison
2022 |
2023 | Change | |
|---|---|---|---|
| Total tax rate (per $100 of value) | $0.534543 | $0.440226 | Decrease of -0.094317
per $100, or -17.64% |
| Average homestead taxable value | 258,199 | 304,783 | Increase of $46,584, or
18.04% |
| Tax on average homestead | 1,380.18 | 1,341.73 | Decrease of $38.45, or
-2.79% |
| Total tax levy on all properties | 11,402,896 | $12,749,749 | Increase of $1,346,853, or
11.81% |
Tax Rate Ordinances
- Ordinance No. 2023-09-11-17 Ratifying Budget and Tax Rate (PDF)
- Ordinance No. 2023-09-11-15 Proposed Tax Rate (PDF)
- Ordinance 2023-08-21-R Proposed Tax Rate (PDF)
- Ordinance 2022-09-12-02 Ratifying Budget and Tax Rate (PDF)
- Ordinance 2022-09-12 Proposed Tax Rate (PDF)
- Ordinance-2021-09-13-06-Ratifying-Budget-and-Tax-Rate-1 (PDF)
- Ordinance 2021-09-13-04 Property Tax Rate (PDF)
- Tax Rate Ordinance Number 2021-09-13-04 (PDF)
- Tax Rate Ordinance Number 2020-09-14-02 (PDF)
- Tax Rate Ordinance Number 2018-09-10-02 (PDF)
- Tax Rate Ordinance Number 2017-09-11-02 (PDF)
- Tax Rate Ordinance Number 2016-09-12-02 (PDF)
- Tax Rate Ordinance 2015-09-21 (PDF)
- Tax Rate Ordinance 2014 to 2015 (PDF)
- Tax Rate Ordinance 2013 to 2014 (PDF)
- Tax Rate Ordinance 2012 to 2013 (PDF)