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.

1170 Properties Found. Showing 1-12
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6963 Prospero Lane
Frisco, TX 75036
6963 Prospero Lane Frisco, TX 75036
1 of 25
$378,900
Subdivision: Frisco Lakes By Del Webb Villa
BEDS
2
BATHS
2
SQ.FT.
1,935
BUILT
2014
ON SITE
1Day
MLS
13956175
This open light bright floor plan has upgrades and is perched on a wooded greenbelt corner lot. Boasting two well-appointed bedrooms, also has a Flex room with French doors that can be used as a den...
1558 Birmingham Forest Drive
Frisco, TX 75036
1558 Birmingham Forest Drive Frisco, TX 75036
1 of 17
$289,900
Subdivision: Frisco Lakes By Del Webb Villa
BEDS
2
BATHS
2
SQ.FT.
1,532
BUILT
2012
ON SITE
1Day
MLS
13957198
No description available...
12926 Sellaronda
Frisco, TX 75035
12926 Sellaronda Frisco, TX 75035
1 of 18
$589,900
Subdivision: Richwoods
BEDS
4
BATHS
4
SQ.FT.
3,992
BUILT
2016
ON SITE
1Day
MLS
13950434
Enjoy a rare opportunity to own the luxury amenities & workmanship of a K. Hovnanian estate in Richwoods gated community in Frisco, TX. This pristine home is ready for you to move in w design options...
2192 Dampton Drive
Frisco, TX 75033
2192 Dampton Drive Frisco, TX 75033
1 of 25
$599,000
Subdivision: Christie Ranch Ph 1c
BEDS
4
BATHS
4
SQ.FT.
4,089
BUILT
2013
ON SITE
2Days
MLS
13956522
Stunning Jeff Pfeifer Custom Home in Christie Ranch! Extensive Hardwood Floors throughout, Crown Molding, Designer Lighting and Plantation Shutters! Updated Kitchen Perfect for Entertaining with a...
10408 Megan Court
Frisco, TX 75035
Open House
10408 Megan Court Frisco, TX 75035
1 of 36
$290,000
Subdivision: Hillcrest Estates Ph I
BEDS
3
BATHS
2
SQ.FT.
1,768
BUILT
1993
ON SITE
2Days
MLS
13951959
Welcome Home! Charming single story home in the highly sought after Frisco ISD priced under $300,000 and perfectly located on a cul-de-sac street with a huge backyard. This home is light and bright...
12317 Chattanooga Drive
Frisco, TX 75035
12317 Chattanooga Drive Frisco, TX 75035
1 of 24
$264,900
Subdivision: Plantation Resort Ph Iiic The
BEDS
3
BATHS
2
SQ.FT.
1,548
BUILT
1997
ON SITE
2Days
MLS
13956535
Great opportunity to live in Plantation Resort with exemplary schools, community pool, playground and tennis courts! Priced below market value so that you can bring your own decorating ideas, great...
10108 Burgundy Drive
Frisco, TX 75035
Open House
10108 Burgundy Drive Frisco, TX 75035
1 of 10
$254,000
Subdivision: Preston Vineyards Sec One
BEDS
3
BATHS
2
SQ.FT.
1,420
BUILT
1991
ON SITE
2Days
MLS
13954450
Cute 3 bed 2 bath home in beautiful Preston Vineyards. Laminate flooring in living area and high ceilings with lots of light. New carpeting in the bedrooms as of Oct 2018. Large kitchen with...
12520 Fair Lane
Frisco, TX 75036
12520 Fair Lane Frisco, TX 75036
1 of 25
$309,900
Subdivision: Hidden Cove Ph Three C
BEDS
4
BATHS
3
SQ.FT.
2,627
BUILT
2010
ON SITE
2Days
MLS
13954808
PRICED TO SELL!! LOCATION, LOCATION! Close to Dallas North Tollway and 121. THIS ONE HAS IT ALL! Hardwoods, Granite, SS Appliances, 4 bedrooms, 3 and a half baths, 2 living areas (one upstairs)...
2410 Chelsea Drive
Frisco, TX 75034
Open House
2410 Chelsea Drive Frisco, TX 75034
1 of 33
$473,000
Subdivision: Chase At Stonebriar The
BEDS
4
BATHS
3
SQ.FT.
3,018
BUILT
2006
ON SITE
2Days
MLS
13951319
Elegant townhome nestled in the gated Chase at Stonebriar. Interior features incl. extensive crown molding, plantation shutters, wall of windows in living, HW flrs, luxurious chandelier in dining, &...
4423 Republic Drive
Frisco, TX 75034
Open House
4423 Republic Drive Frisco, TX 75034
1 of 36
$429,000
Subdivision: Heritage Lakes Ph 1 & 3
BEDS
4
BATHS
3
SQ.FT.
3,790
BUILT
2004
ON SITE
2Days
MLS
13954068
Wonderful 2 Story Home Has It All! Engineered Wood Floors, Plantation Shutters, Huge Game & Media Rooms, Plus A Study! Vaulted Ceilings In Living Room & Family Room Add Spaciousness & Light. The...
11912 Summer Springs Drive
Frisco, TX 75036
Open House
11912 Summer Springs Drive Frisco, TX 75036
1 of 32
$295,000
Subdivision: The Shores At Hidden Cove Phas
BEDS
4
BATHS
2
SQ.FT.
1,977
BUILT
2012
ON SITE
2Days
MLS
13927555
One-story, 4 bedroom home in The Shores at Hidden Cove, gated community just a half mile from Hidden Cove Park & marina on Lake Lewisville! Beautiful leaded glass entry door leads to open entry area...
10817 Huntington Road
Frisco, TX 75035
Open House
10817 Huntington Road Frisco, TX 75035
1 of 26
$280,000
Subdivision: Preston Oaks Add Ph I
BEDS
3
BATHS
2
SQ.FT.
1,817
BUILT
1992
ON SITE
2Days
MLS
13956383
WOW!! BEAUTIFUL 3 BR 2.5 bath home in sought after Preston Oaks! Award-Winning Frisco ISD! Open floor plan with spacious bedrooms, vaulted ceilings, built-ins. Big kitchen with lots of cabinet...
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 10/20/2018.

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