At its September 8 meeting, Allen City Council approved a modest reduction in the city’s property tax rate and adopted a $380 million budget for fiscal year 2026‑27. The new rate of $0.4147 per $100 of assessed valuation represents a $0.0007 decrease from the previous year, marking the 34th consecutive year the city has lowered its tax burden.
Tax rate impact on homeowners
According to city documents, the median single‑family home in Allen is valued at $492,609. With the newly approved rate, the average annual property tax bill for that home will be $2,042.85, or roughly $170 per month. Council member Tommy Baril noted that while neighboring municipalities are raising or holding steady on taxes, Allen’s ability to lower its rate reflects the strong financial foundation the community has built over many years.
Budget highlights
The $380 million budget projects $157.3 million in general‑fund revenue and $222 million in special‑revenue streams. Chief Financial Officer Pete Phillis called the plan a “balanced budget” that serves the best interests of all community stakeholders.
Nearly half of the general‑fund allocation—about $74 million—will be directed to public safety, supporting police, fire and emergency services. Additional funding will support community development, recreation, and other essential city functions.
Revenue projections include $2.8 million from hotel occupancy taxes and $1.4 million in grant funding. The city also anticipates $87 million in water and sewer revenue, with expected service costs of $85 million, and $10 million in solid‑waste revenue to cover $9.8 million in collection costs.
Growth and fiscal health
Allen’s total assessed property valuation rose to $24.45 billion, an increase of just over $1 billion from the prior fiscal year, driven by $446 million in new construction added to the tax roll this year. Council member Carl Clemencich emphasized that the budget reflects “opportunities for savings and efficiencies” amid rising costs.
Mayor Chris Schulmeister praised the community’s progress, stating, “Everyone should be proud of where we’re at as a city.”
Original reporting: Community Impact — Allen — read the source article.
