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McKinney

About McKinney, Texas

The city of McKinney is located in Collin County and is located 30 miles north of downtown Dallas.  The city borders the city of Frisco on the East and the cities of Allen and Plano on the North.  The city of McKinney corporate boundary encompasses approximately 63 square miles.


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The city is located in the Dallas / Ft. Worth Consolidated Metropolitan Statistical Area, and has been labeled by planners, economists and industrialists as one of the nation’s brightest spots for future business development.   Read more about McKinney, Texas.

Homes for Sale in McKinney, TX

McKinney Texas Bragging Rights

  • The city of McKinney was named after one of Texas' signers of the Texas Declaration of Independence, Collin McKinney. (Read more about the history of McKinney.)
  • McKinney is home to one of the state’s largest historic districts, which includes over 1,700 fully-restored homes in the heart of the city.
  • McKinney is one of the fastest growing cities in America.
  • In September of 2014, McKinney was ranked the best place to live America by Money Magazine.
  • The McKinney ISD has consistently ranked highly among Texas school districts in the percent of students achieving Commended Performance on the TAKS exams.
  • In July of 2009, McKinney was named as #9 in America’s 25 Best Places to Move by Forbes.com.
  • McKinney was named 14th best place in the country to live by Money Magazine.
  • McKinney was named one of the 100 best places to raise a family by Best Life Magazine.
  • McKinney ISD was recognized in 2008 by the TEA with a Gold Performance Acknowledgement for Reading / ELA and Social Studies.
  • 2009 marked the 43rd anniversary of Third Monday Trade Days, which is held on the weekend before every third Monday of each month and is fun and unique shopping bazaar.
  • The Craig Ranch includes a Tournament Players Club golf course, which is the only PGA-owned golf course in Texas.
  • McKinney is home to what is believed to be the first privately developed LEED® (Leadership in Energy & Environmental Design) platinum building in the country.
  • McKinney is home to several Fortune 500 companies

McKinney Fast Facts

  • McKinney was named for Collin McKinney, a signer of the Texas Declaration of Independence.
  • McKinney is a designated Tree City USA community.
  • McKinney ISD is one the fastest-growing public school districts in the State of Texas.
  • McKinney ISD enrollment is approximately 24,500 and spends over $7,400 per student.
  • McKinney residents voted for dedicating over $25 million for technology over the next four years to the McKinney schools.
  • The city of McKinney estimates its population as of January 2010 to be 126,548.  A remarkable increase from the 54,369 census in 2000.
  • The median age of a McKinney resident, according to the U.S. Census, is 31 years old.
  • The average household income in McKinney is $102,500.
  • McKinney average home value is $195,000.
  • The Dallas Cost of living index is 92.6 (Chicago – 115.3, Los Angeles – 146.5, New York – 224.2)

Tax Information

Rates  
Collin County Tax 0.168087
Collin County College 0.081222
Collin County Total 0.249309
   
City of McKinney 0.497655
   
Schools  
McKinney ISD 1.376700
Allen ISD 1.64
Frisco ISD 1.46
Prosper ISD 1.67
Lovejoy ISD 1.56

How to estimate your taxes...

Add up the tax rate of each tax authority.  (Example, Collin County + City + School).  Multiply this percentage rate by the assessed property value to obtain your annual tax obligation.

For example: A $500,000 a homeowner in McKinney ISD can expect to pay approximately $642.50/month for property taxes. (0.249309 + 0.497655 + 1.376700 = 2.123664% * $500,000 = $10,618.32 Annually.  Divide by 12 to get the monthly rate of $884.86)  Rates vary depending on school system and county.  Property tax exemptions are also available for homesteads, seniors, and those with disabilities.  Please refer to the Collin County Appraisal District for more information.

***Please note, Trinity Falls Subdivision is not located within the City of McKinney's taxing jurisdiction.  Please check the Collin County Appraisal District website for accurate information regarding Trinity Falls Property Taxes.****

Economy

McKinney is located at the top of the North Dallas Technology Corridor and is experiencing rapid growth with large tracts of land having been sold for commercial and residential development.  The North McKinney Industrial District and Summit Park provide for business office space and development and immediate access to State Highways 121 & 75.

Major corporations call McKinney home such as Raytheon (employing 2,980), Lattimore (1,100 employees), Torchmark Corporation (800 employees) and Encore Wire (700 employees).

At the end of 2015, McKinney had a low unemployment rate of 3.4% as compared with the State of Texas at 4.6%.

In August of 2009 Collin County was ranked by CNN Money Magazine as #14 for cities with best job growth.  A job growth of 53.2% was experienced between 2000-2008.

Vision 2020 is a framework that guides the major planning initiatives in the city, which includes a goal for growing the economy through new business developments and additional retail.

(At a glance Summary as of December 2015)

McKinney Financial Status

Sales & Use Tax revenue for FY 2009-2010 was over $32.4M, a slight decrease from the previous year.  Property Tax revenues for FY 2009-2010 was over $62.8M, a slight increase from the year before.

FY 2009-2010 General Fund Revenue is projected to be over $86 million.

For the 25th straight year, McKinney’s Finance Department received the Distinguished Budget Presentation Award and Certificate of Achievement for Excellence in Financial Reporting.

In 2006, voters passed a $90+ million bond issue that will fund numerous projects for McKinney’s future including two fire stations, a new airport air traffic control tower, park enhancements, and several infrastructure improvements.

As Plano has developed and matured into a leading corporate location and residential area, commercial and residential development has moved north.  This has contributed to the doubling of McKinney’s population over the past several years, making McKinney one of the nation’s fastest growing cities.

Recreation

Nearby lakes such as Lake Lewisville, Grapevine Lake, Lake Ray Roberts (45 minutes away), and Lake Texoma (30 minutes away) provide all types of water sports including fishing, hunting and camping.

McKinney has 31 parks on 1,145 acres including the 165 acre Myers Park, five private golf courses, six public golf courses, three swimming pools and 30 miles of mountain bike / walking / jogging trails.  These parks also offer baseball / softball / soccer fields, tennis courts, playgrounds equipment, and other features.

Craig Ranch also includes the Tournament Players Club at Craig Ranch, the only PGA-owned golf course in Texas, X-Stream Thrills Water Park and the Ballfields at Craig Ranch, a tournament-caliber venue of 14 lighted baseball fields. The McKinney Soccer Complex at Craig Ranch boasts 17 lighted tournament-quality soccer fields.

The McKinney Marshals is a Texas Collegiate League team that features players from around the country who play other league teams from around the metroplex.

The Heard Natural Science Museum and Wildlife Sanctuary is a 289-acre wildlife sanctuary.

The world-renowned Cooper Aerobics Center at Craig Ranch, founded by the father of aerobics Dr. Kenneth Cooper, provides members with the most up-to-date wellness information and regimens anywhere in the world.

The McKinney Performing Arts Center at the Historic Collin County Courthouse offers an intimate venue for a variety of musical and arts performances, lectures, movies, and other events.  The theater is listed on the National Register of Historic Places and is home to a vintage Mighty Wurlitzer theater pipe organ.

McKinney Growth & Population Information

McKinney’s first census (1890) reported a population of 2,489 residents.  By 1910 the population had nearly doubled when the city reached 4,714 residents.  A slow but steady increase continued into the 1980’s when the population was 16,256 residents.  By 1990 McKinney had experienced a 31% increase to 21,283 residents.  A decade later the population more than doubled to 54,369 residents in 2000 – a 155% increase.  During the period spanning from 2000-2016, the population of McKinney tripled.

McKinney’s land area of 63 square miles is approximately 31% developed and has thousands of acres suitable for residential, commercial and industrial development.  McKinney has multiple improved business park sites available for office, commercial and industrial users.

McKinney Population History

Year (as of January 1)

Population

New Population

% Growth

Single Family Housing Permits

1890

2,489

N/A

N/A

N/A

1900

4,342

1,853

74

N/A

1910

4,714

372

9

N/A

1920

6,677

1,963

42

N/A

1930

7,307

630

9

N/A

1940

8,555

1,248

17

N/A

1950

10,560

2,005

23

N/A

1960

13,763

3,203

30

N/A

1970

15,193

1,430

10

N/A

1980

16,256

1,063

7

N/A

1990

21,283

5,027

31

N/A

2000

54,369

10,369

24

2,194

2001

58,438

4,069

7

2,454

2002

66,990

8,552

15

2,303

2003

76,907

9,917

15

2,797

2004

85,865

8,958

12

3,018

2005

94,733

8,868

10

3,400

2006

104,853

10,120

11

2,979

2007

115,198

10,345

10

1,651

2008

120,978

5,780

5

986

2009

122,083

1,105

1

927

2010

131,117

9,034

4

1,052

2011

133,619

2,502

  2

1,154
2012 136,666

3,047

  3 1,490
2013 140,826

4,160

  3  1,862
2014 149,082

8,256

  6  1,703
2015  155,142

6,060

  4  2,081
2016 161,905

 6,763

  5  TBD

 

McKinney Schools

The reputation and accessibility of quality schools are among the most important factors in choosing a community.  The McKinney Independent School District (MISD) is the one of the fastest growing districts in Texas.  The MISD now serves over 24,500 students and that number is expected to grow to more than 29,000 students within in the next few years.  MISD boasts 20 elementary schools, 5 middle schools, and 3 high schools.  Additionally, they have alternative education centers and an early childhood center.

Community support for schools has always been strong in McKinney and residents consistently rate strong public schools as their top priority as the community continues to grow.  A testament to this commitment to education was the recent school bond election, held in 2011.  Nearly 90 percent of voters supported the bond program that funded the expansion of McKinney Boyd High School, one new middle school, up to four new elementary schools, and dedication of over $25 million towards technology.

Schools in McKinney ISD have also received recognition from the American Institute of Architects, School Planning and Management Magazine, the American Association of Administrators, the National School Boards Association and other prestigious organizations for innovative design and for being superior learning environments.  

Just a Few of the Many Reasons to Choose McKinney ISD

  • McKinney High School was ranked 222nd top high school in U.S. in a ranking of the top 1500 high schools by Newsweek Magazine.
  • The National Center for Education honored 13 McKinney ISD schools by naming them 2009 Just For The Kids Higher Performing Schools.
  • SAT/ACT scores exceed national averages.
  • McKinney ISD is highly ranked among Texas school districts in Commended Performance.
  • The McKinney ISD was acknowledged by TEA with Gold Performance for Reading / ELA and Social Studies.
  • The McKinney ISD Communications Department was honored by the Texas School Public Relations Association (TSPRA) in Austin, Texas for its ongoing communication initiatives, including the McKinney ISD website and a number of print and electronic media efforts.
  • A list of the most recent achievements and accomplishments can be reviewed here.

See www.mckinneyisd.net for more information