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.

1258 Properties Found. Showing 1-12
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732 Thoroughbred Avenue
Frisco, TX 75034
Open House
732 Thoroughbred Avenue Frisco, TX 75034
1 of 34
$550,000
Subdivision: Phillips Creek Ranch Silvertai
BEDS
4
BATHS
4
SQ.FT.
3,471
BUILT
2016
ON SITE
1Day
MLS
13903213
STUNNING home in one of Frisco's most desirable neighborhoods! Gourmet kitchen, beautiful hardwood floors, full study and second bedroom down, and a cozy media room make this the perfect family home!...
6026 Amalfi Drive
Frisco, TX 75035
6026 Amalfi Drive Frisco, TX 75035
1 of 36
$765,000
Subdivision: Richwoods Ph Five
BEDS
5
BATHS
5
SQ.FT.
4,873
BUILT
2014
ON SITE
1Day
MLS
13832433
Spectacular custom 5 BDRM 5.5 BTH home in Richwoods, exemplary Frisco ISD! Soaring ceilings, crown molding, curved staircase, built ins, hardwood floors, open & airy. Formal dining w butlers pantry...
4090 Briar Tree
Frisco, TX 75034
4090 Briar Tree Frisco, TX 75034
1 of 20
$939,900
Subdivision: Park Place Estates Ph1
BEDS
5
BATHS
5
SQ.FT.
6,169
BUILT
2012
ON SITE
1Day
MLS
13905969
Immaculate Shaddock Porte Cochere Plan Situated On A Large Lot Located In Sought After Park Place Estates. The Gourmet Kitchen is a Chef's Dream And Features 6 Burner Gas Cook Tops, SS Appliances,...
16492 Barton Creek Lane
Frisco, TX 75068
16492 Barton Creek Lane Frisco, TX 75068
1 of 2
$624,548
Subdivision: Estates at Rockhill
BEDS
5
BATHS
4
SQ.FT.
4,037
BUILT
2018
ON SITE
1Day
MLS
13917858
From the entrance you will find that this is the perfect two story home for you with nicely sized secondary bedrooms with walk-in closets. This floor plan is an open concept from the Kitchen to the...
3529 Nautical Drive
Frisco, TX 75034
3529 Nautical Drive Frisco, TX 75034
1 of 34
$395,000 ( $15,000 )
Subdivision: The Lakes On Legacy Drive Ph IV
BEDS
5
BATHS
4
SQ.FT.
3,108
BUILT
2001
ON SITE
1Day
MLS
13886874
PRIVATE PARADISE AWAITS! Totally private backyard with mature landscaping is priceless. Stay-cation out back in your own oasis featuring patios, beautiful mature landscaping, pergola & grassy...
5665 Domer Lane
Frisco, TX 75035
5665 Domer Lane Frisco, TX 75035
 
$529,900
Subdivision: Richwoods #13
BEDS
4
BATHS
4
SQ.FT.
3,457
BUILT
2015
ON SITE
1Day
MLS
13909534
Beautiful 4 bed East facing home in sought after Frisco ISD in Richwoods gated community. Open floor plan with extended hardwood floors all downstairs living areas, hallways, study, nook , dining &...
8518 Emerald Glen Lane
Frisco, TX 75033
8518 Emerald Glen Lane Frisco, TX 75033
 
$389,900
Subdivision: Preston Highlands North #3
BEDS
4
BATHS
2
SQ.FT.
2,907
BUILT
1998
ON SITE
0Day
MLS
13918025
Lovely, spacious family home in highly sought after Frisco ISD! Shows beautifully with designer touches and upgrades throughout. Main living areas, MBR and 1.5 baths on first level. Oversize upstairs...
7062 Brushy Creek Drive
Frisco, TX 75035
7062 Brushy Creek Drive Frisco, TX 75035
1 of 33
$399,999
Subdivision: Hunters Creek Ph 2
BEDS
4
BATHS
3
SQ.FT.
2,731
BUILT
2002
ON SITE
2Days
MLS
13917164
Amazing home close to it all in desirable Hunters Creek. Quiet street with ideal lot location. Award winning Frisco ISD, zoned for some of Frisco's best schools. Light and bright entry, Living room...
4199 Cherry Ridge Drive
Frisco, TX 75033
4199 Cherry Ridge Drive Frisco, TX 75033
 
$299,000
Subdivision: Kings Garden Ph 3
BEDS
3
BATHS
2
SQ.FT.
2,001
BUILT
2004
ON SITE
2Days
MLS
13917186
Wonderful single story ranch style home under $300K on a corner lot. Fabulous community with pool and neighborhood amenities. Great schools, convenience to Toll road and all shopping. Open Kitchen...
13576 Hemlock Trail
Frisco, TX 75035
13576 Hemlock Trail Frisco, TX 75035
1 of 3
$395,000
Subdivision: Villages At Willow Bay Ph II
BEDS
5
BATHS
4
SQ.FT.
3,158
BUILT
2006
ON SITE
2Days
MLS
13916435
More Photos coming soon! Wonderful corner lot home in Villages at Willow Bay,walking distance to community pool and to Heritage High School. Home features 5 bedrooms and 4 full baths. New Roof and...
10732 Clarita Lane
Frisco, TX 75034
10732 Clarita Lane Frisco, TX 75034
1 of 3
$521,630
Subdivision: Miramonte - 80'
BEDS
3
BATHS
2
SQ.FT.
2,637
BUILT
2018
ON SITE
2Days
MLS
13917246
MLS# - Built by Dunhill Homes - October completion! ~ One of the most popular plans, the Scarlett plan is beautifully designed with spacious rooms and an open, flowing layout that is perfect for...
4602 Veneto Drive
Frisco, TX 75033
Under Contract
4602 Veneto Drive Frisco, TX 75033
1 of 2
$675,000
Subdivision: Griffin Parc Ph 1
BEDS
5
BATHS
4
SQ.FT.
4,408
BUILT
2012
ON SITE
2Days
MLS
13912739
BEAUTIFUL and one owner home located on a large corner lot and less then a half a mile from the Dallas North Tollroad! Built in 2012 this is one of the newest builds in Griffin Parc and home is full...
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 8/20/2018.

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