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.

1310 Properties Found. Showing 1-12
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13030 Clarendon Drive
Frisco, TX 75035
13030 Clarendon Drive Frisco, TX 75035
1 of 4
$539,950
Subdivision: Avondale
BEDS
4
BATHS
4
SQ.FT.
4,407
BUILT
2018
ON SITE
2Days
MLS
13874953
MLS# 13874953 - Built by First Texas Homes - July completion! ~ REDUCED PRICE!! Originally $573,077 The Crestfield's exterior brick is accented with a stone; the garage is 3-car front entry. Inside...
12978 Nimble Drive
Frisco, TX 75035
12978 Nimble Drive Frisco, TX 75035
1 of 4
$519,950
Subdivision: Avondale
BEDS
5
BATHS
4
SQ.FT.
4,131
BUILT
2018
ON SITE
2Days
MLS
13874958
MLS# 13874958 - Built by First Texas Homes - October completion! ~ REDUCED PRICE!! Originally $550,064 The Stonehaven is one of our most popular floor plans, this exterior brick is accented with a...
11122 Sugar Mill Lane
Frisco, TX 75033
11122 Sugar Mill Lane Frisco, TX 75033
1 of 4
$649,900
Subdivision: Shaddock Creek Estates Ph 3
BEDS
5
BATHS
4
SQ.FT.
4,036
BUILT
2006
ON SITE
3Days
MLS
13872188
The moment you walk into this exquisite 5 bed, 4 bath home, you know the current owner has taken exceptional care of your new home. Showing like a model with it's designer decorator colors, touches...
3810 Killian Court
Frisco, TX 75034
3810 Killian Court Frisco, TX 75034
 
$484,557
Subdivision: Canals at Grand Park
BEDS
3
BATHS
3
SQ.FT.
2,508
BUILT
2018
ON SITE
3Days
MLS
13874440
MLS# 13874440 - Built by Darling Homes - October completion! ~ Classic Early-American Villa Series. Corner and Park location! Huge Front Porch and Balcony allows outside enjoyment of Beautiful...
13879 Wickham Lane
Frisco, TX 75035
13879 Wickham Lane Frisco, TX 75035
1 of 9
$549,850
Subdivision: Estates at Shaddock Park Phase 1
BEDS
3
BATHS
2
SQ.FT.
2,892
BUILT
2018
ON SITE
3Days
MLS
13870409
This truly spectacular single-story home has dramatic open floor plan that give it that grandiose appearance! Who doesn’t want all the rooms on one level for exceptionally easy access to every room...
4138 Sydney Drive
Frisco, TX 75033
4138 Sydney Drive Frisco, TX 75033
1 of 23
$319,900
Subdivision: Kings Garden Ph 03
BEDS
4
BATHS
2
SQ.FT.
2,096
BUILT
2004
ON SITE
3Days
MLS
13874480
Great 4 bedroom home with neutral colors, conveniently located near shopping, schools & Dallas Tollway. Family room has wall of windows which makes this home light and bright. Has gas log fireplace...
11608 Aquilla Drive
Frisco, TX 75034
11608 Aquilla Drive Frisco, TX 75034
1 of 36
$325,000
Subdivision: The Shores At Hidden Cove Phas
BEDS
4
BATHS
2
SQ.FT.
2,573
BUILT
2016
ON SITE
3Days
MLS
13874202
Gorgeous 4 Bedroom Home In Popular Shores Of Hidden Cove Subdivision! Impressive Stone & Brick Exterior Welcomes You With Lush Landscaping. The Sweeping 2 Story Foyer Is Flanked By A Study Or Home...
5873 Franklin Court
Frisco, TX 75033
5873 Franklin Court Frisco, TX 75033
1 of 12
$450,000
Subdivision: Estates At Cobb Hill Ph 2
BEDS
4
BATHS
3
SQ.FT.
4,096
BUILT
2007
ON SITE
3Days
MLS
13874555
Location is very desirable, Stunning Highland built home w handscraped Hardwoods throughout the formals, study and family room. Features formal living and dining room, Features first fl master,...
5304 Lebeau Lane
Frisco, TX 75035
5304 Lebeau Lane Frisco, TX 75035
1 of 25
$395,000
Subdivision: Plantation Resort Bama Farm
BEDS
3
BATHS
2
SQ.FT.
2,812
BUILT
1993
ON SITE
3Days
MLS
13872000
Located on # 8 tee box of Plantation Golf Course. Gorgeous updated home on the golf course in the highly sought after Plantation Resort. This home features an open floor plan with natural lighting...
7148 Hickory Street
Frisco, TX 75034
Open House
7148 Hickory Street Frisco, TX 75034
1 of 33
$184,500
Subdivision: Simco Frisco Twnhs Sub
BEDS
2
BATHS
1
SQ.FT.
936
BUILT
1978
ON SITE
3Days
MLS
13874657
Beautiful immaculate townhome in the heart of downtown Frisco, NO HOA! Featuring a gorgeous marble stacked stone accent wall, fenced yard, covered patio, security cameras, and outdoor storage shed....
10028 Promontory Drive
Frisco, TX 75035
10028 Promontory Drive Frisco, TX 75035
1 of 25
$449,900
Subdivision: Tuscany Meadows Ph Two
BEDS
4
BATHS
3
SQ.FT.
3,251
BUILT
2005
ON SITE
3Days
MLS
13874416
Fabulous location next to Tuscany Meadows Park.Great home for family. 4 bedroom with media, gameroom, balcony, covered patio. Media could be 5th bedroom. Formals split at entry, kitchen has large...
2326 Brazos Drive
Frisco, TX 75033
2326 Brazos Drive Frisco, TX 75033
1 of 28
$375,000
Subdivision: Northridge Ph 2
BEDS
4
BATHS
2
SQ.FT.
3,010
BUILT
2003
ON SITE
3Days
MLS
13874433
Sought After Northridge. Fabulously completely remodeled kitchen white subway tile back-splash, stone counter-tops, custom white cabinetry, gas cook-top, designer hardware, custom updated lighting,...
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 6/25/2018.

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