Frisco homeowners are set to receive some welcome financial relief. In a unanimous vote during a special meeting, the Frisco City Council approved an increase in the city’s homestead exemption from 15% to the maximum 20% allowed under state law.
Starting in January 2026, this change is expected to save the average homeowner about $120 on their city property tax bill. Frisco now matches Plano in offering the maximum homestead exemption to homeowners.
A Measured Move Toward Relief
Frisco first adopted a homestead exemption in 2017 at 7.5%, with increases over the years under the guidance of both current and previous city councils. The latest move brings Frisco to the full exemption allowed by the state.
“It’s been a lot of hard work, it’s been rolling up the sleeves, it’s been looking at the strategic opportunities when it made sense from a budget perspective without reducing any services,” Frisco Mayor Jeff Cheney said in an official statement.
Financial Sustainability
Frisco Chief Financial Officer Derrick Cotten noted that a rise in property values across the region helped create the opportunity. Preliminary data from the Collin and Denton County Appraisal Districts show a 14% increase in total net taxable value, approximately $6.9 billion more than the previous year…