Collin County Property Tax Rates (2026)
Collin County homeowners pay some of the highest effective property tax rates in Texas. Combined rates (county + city + school district) typically range from 2.0% to 2.5% of appraised value. On a $450,000 home in Plano, that’s $9,000–$11,250 per year — or $750–$940 per month in taxes alone.
How Property Taxes Create Urgency to Sell
If you’re carrying a home you’re not living in — an inherited property, a vacant rental, or a home you’ve already moved out of — property taxes continue to accrue. Every month you delay is another month of tax liability. On a $400,000 home in McKinney, that’s approximately $800/month just in taxes, before maintenance, insurance, and carrying costs.
Tax Proration at Closing
In Texas, property taxes are paid in arrears — meaning the 2026 tax bill covers 2026 but isn’t due until January 2027. At closing, the seller is responsible for the prorated portion of taxes from January 1 through the closing date. In a cash sale, this calculation is handled at the title company — you’ll see it clearly on your closing disclosure.
Delinquent Taxes and Selling
If you have delinquent property taxes, they must be satisfied at closing. DFW Fast Close can often work with title to structure the transaction so delinquent taxes are paid from sale proceeds — you don’t need to bring cash to the table to clear them.
The Fastest Way to Stop Accruing Tax Liability
If property taxes are part of why you need to sell, a cash sale to DFW Fast Close is the fastest way to stop the clock. We can close in as few as 7 days — meaning you stop accruing tax liability almost immediately.