Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to execute an Interlocal Cooperation Agreement with Collin County for Collin County’s duly elected Tax Assessor-Collector to Act as the City’s Tax Collector and Provide for Billing and Collection of the City’s Ad Valorem Taxes
Summary
COUNCIL GOAL: Financially Sound Government
MEETING DATE: June 16, 2026
DEPARTMENT: Finance Department
CONTACT: Mark Holloway, Chief Financial Officer
RECOMMENDED CITY COUNCIL ACTION:
• Approve the resolution
ITEM SUMMARY:
- Collin County’s duly elected Tax Assessor-Collector currently serves as Tax Assessor-Collector for the City of McKinney for ad valorem taxes, including penalties and interest.
- The purpose of this interlocal agreement is to increase the fees for providing the tax assessor-collector services from seventy-five ($0.75) cents per parcel and/or account to one dollar ($1.00) per parcel and/or account within Collin County and one dollar and ten cents ($1.10) per parcel and/or account outside of Collin County.
• The City agrees to contract with an attorney to collect City delinquent taxes.
• The County agrees to cooperate with any attorney selected by the City.
• This agreement consolidates the tax collection efforts of both the City and the County and achieves cost savings for both entities.
BACKGROUND INFORMATION:
• Collin County has served as the City’s tax collector since 1998, as allowed by Chapter 6 of the Texas Tax Code.
• The current interlocal agreement between the City and Collin County for tax collection services renews automatically on an annual basis.
FINANCIAL SUMMARY:
• The estimated cost for the annual service will be about $80,000 and is budgeted in account 001-2101-413-8516.
BOARD OR COMMISSION RECOMMENDATION:
• N/A