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.

1274 Properties Found. Showing 1-12
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3647 Patriot Drive
Frisco, TX 75034
3647 Patriot Drive Frisco, TX 75034
1 of 36
$384,900
Subdivision: Heritage Lakes Ph 2
BEDS
4
BATHS
3
SQ.FT.
2,779
BUILT
2002
ON SITE
1Day
MLS
13914508
Beautifully updated 4 bedroom, 3 bath home with rare 3 car garage in master planned community. Large living and dining areas for entertaining. Chef's kitchen with Elfa pantry and pot drawer...
14735 Blakehill Drive
Frisco, TX 75035
Open House
14735 Blakehill Drive Frisco, TX 75035
1 of 36
$438,000
Subdivision: Turnbridge Manor Ph Three
BEDS
4
BATHS
3
SQ.FT.
3,407
BUILT
2005
ON SITE
1Day
MLS
13915451
This stunning home in sought-after Turnbridge Manor has it all with extensive updating & the ultimate in floorplans! Upgrades-features are....rich hardwoods & plantations throughout...up &...
7966 DAWSON Court
Frisco, TX 75034
7966 DAWSON Court Frisco, TX 75034
1 of 30
$449,900
Subdivision: HERITAGE VILLAGE PH 2
BEDS
4
BATHS
3
SQ.FT.
3,503
BUILT
2004
ON SITE
1Day
MLS
13911138
GORGEOUS D WEEKLEY CUSTOM*Beautiful hardwoods cover the Entry,Study,DR,Family Rm & Mast BR. Enjoy fine appointments incl plantation shutters + updated interior & exterior paint.The large center...
10907 Canoe Road
Frisco, TX 75035
10907 Canoe Road Frisco, TX 75035
1 of 12
$279,900
Subdivision: Preston Oaks Add Ph V
BEDS
3
BATHS
2
SQ.FT.
1,615
BUILT
1993
ON SITE
1Day
MLS
13914874
Immaculate 1 story, 3 Bedroom, 2 full baths with nice size backyard, lush landscaping walking distance from Hillcrest and easy access to HW 121. Completely renovated and updated Master Bath 2017, New...
1641 Overwood Drive
Frisco, TX 75034
1641 Overwood Drive Frisco, TX 75034
1 of 35
$449,900
Subdivision: Frisco Lakes By Del Webb Villa
BEDS
2
BATHS
2
SQ.FT.
1,786
BUILT
2011
ON SITE
1Day
MLS
13913873
Amazing Golf Course View on Cul-de-sac lot with Upgrades Galore Including Hardwood Floors, Crown Molding, Quartz Counters & More! Desirable eat-in-kitchen is featured in the island kitchen w pendant...
9615 Honeysuckle Drive
Frisco, TX 75035
Open House
9615 Honeysuckle Drive Frisco, TX 75035
1 of 25
$379,995
Subdivision: Cecile Place #3-B
BEDS
4
BATHS
2
SQ.FT.
2,210
BUILT
2000
ON SITE
1Day
MLS
13908164
One story home on corner lot. Updated custom home with open floor plan. Wood flooring, large living area with fireplace, and the breakfast area and kitchen overlook the nicely treed backyard. The...
12844 Spring Hill Drive
Frisco, TX 75035
Open House
12844 Spring Hill Drive Frisco, TX 75035
1 of 34
$490,000
Subdivision: Winding Creek Estates
BEDS
5
BATHS
4
SQ.FT.
4,037
BUILT
2013
ON SITE
1Day
MLS
13915557
Beautiful 5 bed, 4 bath in Frisco's Winding Creek! Warm wood floors, neutral paint colors, open floorplan, built-ins, and walls of windows! The kitchen features granite counters, stainless steel...
3456 Bumelia Drive
Frisco, TX 75033
Open House
3456 Bumelia Drive Frisco, TX 75033
 
$420,000
Subdivision: Heather Ridge Estates Ph II B
BEDS
4
BATHS
3
SQ.FT.
3,275
BUILT
2004
ON SITE
1Day
MLS
13916183
Located in desirable Frisco Heather Ridge Estates neighborhood with community pool, greenbelt, jogging-bike path, and playground. Close to North Dallas Tollway, Cottonwood Park, and Trails of Frisco...
5010 Lakeland Drive
Frisco, TX 75035
5010 Lakeland Drive Frisco, TX 75035
 
$369,000
Subdivision: Plantation Resort Lake Brook Farms Ph 7a
BEDS
4
BATHS
1
SQ.FT.
2,871
BUILT
1996
ON SITE
1Day
MLS
13913907
Gorgeous well maintained 2-story home in in beloved Plantation resort. The home overlooks Plantation Golf Course with a luscious view of the fairway of hole 12. Inside you will find 4 beds, 2.5...
5503 Norfolk Lane
Frisco, TX 75035
5503 Norfolk Lane Frisco, TX 75035
1 of 36
$429,000
Subdivision: Plantation Resort Lakebrook Farms Ph 10
BEDS
4
BATHS
3
SQ.FT.
3,234
BUILT
1998
ON SITE
2Days
MLS
13915018
You will fall in love with this beautiful former model home in highly sought after Plantation Resort! Nestled on hole 13 you are just steps away from playing golf or fishing in the private pond....
5533 Lago Vista Lane
Frisco, TX 75034
Open House
5533 Lago Vista Lane Frisco, TX 75034
1 of 35
$1,425,000
Subdivision: Starwood Phase four Village 15 (CFR)
BEDS
5
BATHS
5
SQ.FT.
5,327
BUILT
2006
ON SITE
2Days
MLS
13903292
Custom built dream home in gated Starwood. Redesigned backyard landscaping and lighting completed in June 2018.Outdoor kitchen with pergola, grill and stone cabinetry. Many first floor windows...
76 Emerald Pond Drive
Frisco, TX 75034
76 Emerald Pond Drive Frisco, TX 75034
1 of 25
$459,900
Subdivision: Willow Pond
BEDS
4
BATHS
3
SQ.FT.
2,910
BUILT
2001
ON SITE
2Days
MLS
13913312
A MUST SEE Updated custom home in gated Willow Pond....in the heart of Frisco! Wonderful community with private ponds, water fountains, jogging trail & par 3, 6 hole golf course. Many upgrades &...
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 8/17/2018.

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