Taxes in Plano, Texas
Complete tax guide for Plano, TX. No state income tax, 1.72% property tax, 8.25% sales tax. Calculate your total tax burden.
State Income Tax
None
Texas
Property Tax
1.72%
Effective rate
Sales Tax
8.25%
Combined rate
Tax Burden
High
Plano, TX Tax Overview
No state income tax; many corporate HQs; affluent Dallas suburb
Population
285,494
Median Income
$99,218
Cost of Living
109.3 (100 = avg)
State Income Tax
None
Median Home Price
$415,000
Plano Tax Calculator
Pre-filled with Plano median: $99,218
Total Tax Burden in Plano
$21,032
Take-Home: $78,186 · Effective Rate: 21.20%
Federal Tax
$13,442
13.55% eff.
TX State
$0
0.00% eff.
FICA
$7,590
7.65% eff.
Take-Home
$78,186
78.80% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $99,218.00 | $8,268.17 |
| Federal Income Tax | -$13,441.96 | -$1,120.16 |
| Texas State Tax | $0.00 | $0.00 |
| Social Security (6.2%) | -$6,151.52 | -$512.63 |
| Medicare (1.45%) | -$1,438.66 | -$119.89 |
| Take-Home Pay | $78,185.86 | $6,515.49 |
Property Tax in Plano
Median Home
$415,000
Annual Tax
$7,138
Monthly Tax
$595
Effective Rate
1.72%
Sales Tax in Plano
Combined Rate
8.25%
State Portion
~5.8%
Local Portion
~2.5%
The combined sales tax rate in Plano is 8.25%, which is above the national average of 7.12%. On a $100 purchase, you would pay $8.25 in sales tax.
Tax Burden Comparison
| Tax Type | Plano | Texas Avg | National Avg |
|---|---|---|---|
| Income Tax | None | None | 4.6% |
| Property Tax | 1.72% | ~1.72% | 1.1% |
| Sales Tax | 8.25% | ~8.25% | 7.12% |
| Overall Burden | High | — | Moderate |
Tax Saving Tips for Plano Residents
- Texas has no state income tax, meaning your income is only subject to federal taxes and FICA. Consider investing your tax savings into a Roth IRA for tax-free growth.
- Property tax in Plano (1.72%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- The combined sales tax rate of 8.25% is relatively high. Consider making large purchases in lower-tax jurisdictions or online retailers that do not charge local tax rates.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
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Very HighCalculate Your Full Texas Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Plano, TX?
Plano, Texas has no state income tax. The property tax rate is 1.72% and the combined sales tax rate is 8.25%. No state income tax; many corporate HQs; affluent Dallas suburb
How much is property tax in Plano?
The effective property tax rate in Plano is 1.72%. On the median home price of $415,000, this equals approximately $7,138 per year or $595 per month. This is above the national average of 1.1%.
What is the sales tax rate in Plano?
The combined sales tax rate in Plano is 8.25%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Plano's tax burden compare to other cities?
Plano has a high overall tax burden. The effective total tax rate for a median-income household is approximately 30.6%. The absence of state income tax significantly reduces the overall burden. Cost of living index is 109.3 (100 = national average).
Are there any local taxes in Plano?
Plano does not impose a separate local or city income tax. Residents pay no state income tax, federal income tax, and FICA (Social Security and Medicare). No state income tax; many corporate HQs; affluent Dallas suburb