FRISCO APPROVES RESIDENTIAL HOMESTEAD EXEMPTION OF 7.5%

Frisco TX Homes for Sale

Frisco homeowners will soon get a break on their property tax bill in the form of a ‘homestead exemption’ beginning in fiscal year 2018.  
 
Tonight, the Frisco City Council unanimously voted to adopt a 7.5% residential homestead exemption.
 
The exemption translates to an average savings of $143.00 on a future property tax bill based on a .45 cent property tax rate and Frisco’s average home value, which was $391,923 in fiscal year 2017.  Preliminary appraisal projections show Frisco’s average home value will increase by as much as 9% next year.  Council may vote to raise or lower the exemption annually. 
 
“We’ve heard our residents’ concerns over rising home values and the impact those values are having on home affordability,” said Mayor Jeff Cheney.  “Our city has a history of being fiscally conservative and this is the most effective way to give Frisco homeowners immediate tax relief.”
 
In a memo to council, staff noted the ‘proactive approach’ will not compromise maintenance and operations and maintains adequate reserves. 
 
“It will provide the high level of services residents expect,” noted Jennifer Hundt, Assistant Finance Director.
 
Staff estimates the exemption will affect city revenue by approximately $3.2 million dollars.  Currently, the City of Frisco is in the early stages of its budget process.  
 
Homeowners must have ‘homestead’ status to receive the exemption benefit. To qualify, you must:

  • Own the property on January  1;
  • Occupy property as principal residence on January 1;
  • Have not claimed a residential homestead exemption (neither you nor spouse) on any other property.   

Homeowners who have ‘homestead’ status with their school district will automatically receive the city benefit.  New applicants have until January 31, 2019 to file for the exemption with their respective county appraisal district.  For more information, find the Collin County Appraisal District at www.collincad.org . In Denton County, go to www.dentoncad.com.

To see more great homes for sale in Frisco, TX, contact the Brent Germany Team today or click the link here.

862 Properties Found. Showing 1-12
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6049 Canvas Back Drive
Frisco, TX 75034
6049 Canvas Back Drive Frisco, TX 75034
1 of 33
$599,000
Subdivision: Starwood Ph 2 Village #8
BEDS
4
BATHS
4
SQ.FT.
3,890
BUILT
1999
ON SITE
1Day
MLS
13778826
Inviting Darling home with an open floor plan in the exclusive Starwood gated community right next to Frisco’s 5-billion mile; Over $100k in upgrades in this gorgeous home with vaulted ceilings,...
11112 Newport Drive
Frisco, TX 75035
11112 Newport Drive Frisco, TX 75035
1 of 34
$339,900
Subdivision: Plantation Resort Ph 2a The
BEDS
3
BATHS
3
SQ.FT.
2,144
BUILT
1994
ON SITE
1Day
MLS
13778846
No description available...
1131 Elk Mound Drive
Frisco, TX 75033
1131 Elk Mound Drive Frisco, TX 75033
1 of 36
$460,000
Subdivision: Grayhawk Ph Ix
BEDS
5
BATHS
4
SQ.FT.
4,527
BUILT
2006
ON SITE
1Day
MLS
13778881
LOCATED IN DESIRABLE NORTHWEST FRISCO! INTERIOR FEATURES WOOD FLOORS THROUGHOUT DOWNSTAIRS EXCEPT IN BATHROOMS! CUSTOM PAINT THROUGHOUT. KITCHEN FEATURES 42in CABINETS, GRANITE CTOPS, COOKTOP CAN BE...
8236 Short Street
Frisco, TX 75034
8236 Short Street Frisco, TX 75034
1 of 20
$330,000
Subdivision: Frisco Square #5
BEDS
2
BATHS
2
SQ.FT.
2,205
BUILT
2006
ON SITE
1Day
MLS
13778917
Beautiful 2 bedroom townhome in Frisco Square. Great floorplan with one bedroom on the first floor and master on 3rd floor. Granite countertops throughout, stainless steel appliances with large...
5549 Travis Drive
Frisco, TX 75034
5549 Travis Drive Frisco, TX 75034
1 of 33
$429,000
Subdivision: Creekside At Stonebriar Ph 1
BEDS
3
BATHS
2
SQ.FT.
2,506
BUILT
1999
ON SITE
1Day
MLS
13778979
1 STORY! New WOOD Flooring 2-2018. 3 Bdrm + STUDY in desirable GATED Creekside at Stonebriar.Bright & Fresh Painted Walls-6-2017.PLANT SHUTTERS.Private STUDY w French Doors located discretely away...
45 Secluded Pond Drive
Frisco, TX 75034
45 Secluded Pond Drive Frisco, TX 75034
1 of 30
$524,900
Subdivision: Willow Pond Ph II
BEDS
3
BATHS
3
SQ.FT.
2,976
BUILT
2006
ON SITE
2Days
MLS
13777031
Retreat behind the Gated Entrance of Willow Pond and Enjoy a Life of Everyday Refinement and Comfort. This Immaculate Home is Located on the Pond and close to the 6 Hole Par 3 Golf Course. Large...
2818 Hollowbrook Lane
Frisco, TX 75033
Open House
2818 Hollowbrook Lane Frisco, TX 75033
1 of 36
$450,000
Subdivision: Knolls of Frisco Ph 1
BEDS
5
BATHS
4
SQ.FT.
3,856
BUILT
2009
ON SITE
2Days
MLS
13776541
STUNNING! This 5 bedroom, 4 full bath home offers an open floor plan with large entryway, spacious living area and eat-in kitchen with built in wine cellar. Large master suite with dual walk-in...
11815 Curry Creek
Frisco, TX 75035
11815 Curry Creek Frisco, TX 75035
1 of 6
$548,819
Subdivision: Prairie View
BEDS
4
BATHS
3
SQ.FT.
3,586
BUILT
2018
ON SITE
2Days
MLS
13778138
Gorgeous 4 bedroom (3 bedrooms on the 1st floor) home with 3 full baths and 1 powder bath, game room, media room, study and 3 car tandem garage on corner lot. This home features cathedral ceiling in...
11841 Curry Creek Drive
Frisco, TX 75035
11841 Curry Creek Drive Frisco, TX 75035
1 of 4
$560,314
Subdivision: Prairie View
BEDS
4
BATHS
4
SQ.FT.
3,779
BUILT
2018
ON SITE
2Days
MLS
13778141
Beautiful and spacious 2 story home with 4 bedrooms, 4 full baths and 2 powder baths. This house has a study, media room and game room that opens up to the family room below. With a 3 car tandem...
10900 Alexandria Drive
Frisco, TX 75035
Open House
10900 Alexandria Drive Frisco, TX 75035
1 of 24
$360,000
Subdivision: Plantation Resort Ph 2a The
BEDS
4
BATHS
2
SQ.FT.
2,391
BUILT
1994
ON SITE
2Days
MLS
13778155
Charming, Corner Lot Home in sought after Plantation Resort. Home has recently been painted with soft neutral gray tones. Split floor plan provides privacy but feels cozy due to 1 story. Large...
14764 Turnbridge Drive
Frisco, TX 75035
14764 Turnbridge Drive Frisco, TX 75035
1 of 36
$480,000
Subdivision: Turnbridge Manor Ph Three
BEDS
5
BATHS
4
SQ.FT.
4,262
BUILT
2004
ON SITE
2Days
MLS
13772809
LARGE FAMILY HOME LOCATED IN TURNBRIDGE MANOR WITHIN WALKING DISTANCE TO PARK AND PLAYGROUND. FORMAL LR W-WBFP+GAS LOGS, BEAUTIFUL DOUBLE MANTLE & WOOD FLOORS & CUSTOM DRAPES. FORMAL DR HAS WOOD...
4013 Glenhurst Lane
Frisco, TX 75033
4013 Glenhurst Lane Frisco, TX 75033
1 of 36
$895,000
Subdivision: Shaddock Creek Estates Ph 5
BEDS
5
BATHS
5
SQ.FT.
4,980
BUILT
2009
ON SITE
2Days
MLS
13772313
Incredible Custom Home in Gated Shaddock Creek Estates with Breathtaking Backyard Retreat! Impeccable finishes include, hand scraped hardwoods, impressive dbl volume entry w sweeping staircase,...
Information is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed or used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Keller Williams are marked with the NTREIS IDX logo and information about them includes the name of the listing brokerage.

NTREIS data last updated 2/17/2018.

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