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Strategic Plan | Financially sound and transparent government

Posted on: April 17, 2023

New homestead exemption approved for Allen homeowners

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APRIL 11, 2023 - Allen homeowners will benefit from a new exemption to their City property taxes. During the April 11 meeting, Allen City Council approved a 5% homestead exemption. The exemption will deduct 5% from appraised home values when calculating the annual taxes due to the City of Allen.

To receive the exemption on 2023 property taxes, homeowners must qualify for a residential homestead exemption. If you have not previously applied, you must submit your Residence Homestead Exemption Application through the Collin Central Appraisal District by April 30, 2023.


Appraised value

Values determined by the Collin Central Appraisal District


5% City of Allen homestead exemption


Total value taxable by City of Allen


City of Allen tax rate*

*Current tax rate of $0.4212 per $100 used for example purposes only. The actual tax rate will be set in September 2023.

x 0.004212

Taxes paid to City of Allen

= $1,600.56

Savings of $84.24 due to City of Allen homestead exemption

Tax bills paid by Allen homeowners are impacted by three taxing entities: the City of Allen, Collin College and the ISD (Independent School District) in which the property is zoned. For homeowners who qualify for a homestead exemption, property taxes paid to the City of Allen reflect approximately 25% of the total tax bill.

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