Plano Sales Tax Rate — Economic Context & Calculation
Corporate HQ/diversified (Toyota NA HQ — 4,000+ jobs, JCPenney HQ, FedEx Office HQ, Cinemark HQ, Frito-Lay/PepsiCo HQ), technology/telecommunications (Ericsson, Samsung, HP have major operations), insurance (Liberty Mutual), healthcare (Texas Health Presbyterian Plano), retail (Legacy West is a top-tier US retail destination)
The combined sales tax rate in Plano is 8.250%, composed of the Texas state rate of 6.250% plus a local portion of 2.000%. On a receipt, that stacks up as: TX state 6.25% + Collin County + City of Plano = 8.25% (2% cap). Groceries exempt. No state income tax. Back-to-school holiday. Plano is consistently ranked one of the best places to live in the US.
The formula to calculate sales tax for any purchase:
For a $150.00 purchase in Plano: tax is $12.38 ($150.00 × 0.08250), total is $162.38.
