This slide was in the City of Richardson's slide show regarding the 2022-2023 budget. The good news is that the City is proposing to lower the tax rate, to the maximum rate allowed by law without voter approval. The not so good news is that the new rate leaves Richardson with a significantly higher tax rate than Plano, Frisco, Allen, and McKinney have now, some of which haven't even yet set their own 2022-2023 tax rates, so things might get worse for Richardson, relative to these other cities.
Of course, what you pay in property taxes depends on two factors: the tax rate and your home's appraised value. Even with a lower tax rate, your tax bill is, more than likely, going up. But alert homeowners know all this already. Really alert homeowners might also know something else that I just noticed about this table.
