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Community
Plano, a suburb of Dallas, is tied for the study’s lowest effective tax rate for a retiree with an income of $50,000, at just 16.33%. It also has affordable housing. It ranks eighth for housing costs as a percentage of income, at 20.02%. In addition, Plano is a relatively safe city, finishing in the top 10 for both violent crime incidents (148) and property crime incidents (1,683) per 100,000 residents. That said, Plano doesn’t fare as well in terms of property tax, where the average effective rate is 1.71%, a bottom-quartile ranking for this metric.
History
European settlers came to the area near present-day Plano in the early 1840s. Facilities such as a sawmill, a gristmill, and a store soon brought more people to the area. A mail service was established, and after rejecting several names for the nascent town (including naming it in honor of then-President Millard Fillmore), residents suggested the name Plano (from the Spanish word for "flat") in reference to the local terrain, unvaried and devoid of any trees. The post office accepted the name.
Location
Consulting
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According to the United States Census Bureau, Plano has a total area of 71.6 square miles (185.5 km2). Plano is about 17 miles (27 km) from Downtown Dallas.