The Real Cost of Living in Frisco: Are Tax Breaks Still Worth It?
- Maria Angelica Castillo
- Oct 24
- 3 min read
FRISCO, TEXAS : Frisco homeowners are experiencing significant property tax relief, but how does this compare to the city services they receive? Let’s break down the city’s tax exemptions, the services funded by these revenues, and how they shape the overall cost of living in Frisco.
Property Tax Relief: What Homeowners Are Saving
20% Homestead Exemption: Effective January 2026, Frisco increased its homestead exemption from 15% to 20%. This means homeowners can deduct 20% of their home's appraised value from their taxable value, reducing their city property tax bill.
$80,000 Senior/Disability Exemption: Residents aged 65 or older, or those with disabilities, qualify for an $80,000 exemption, further lowering their taxable value.
Over-65/Disabled Freeze: For eligible homeowners, the city offers a tax freeze, meaning their city property taxes won't increase as long as they own and live in the home.
City Services Funded by Property Taxes
The city's property tax rate is $0.425517 per $100 of assessed value. Here's how those funds are allocated:
Public Safety: A significant portion supports the police and fire departments, ensuring community safety.
Parks and Recreation: Funds contribute to maintaining and developing parks, trails, and recreational facilities.
Library Services: Supports Frisco Public Library's programs, resources, and community outreach.
Public Health and Environmental Services: Covers health inspections, mosquito control, and other environmental services.
General Government Operations: Funds administrative functions, including city planning and development services.
Comparing Savings to Services
For a homeowner with a $500,000 property:
These exemptions result in substantial savings, effectively reducing the city's portion of the property tax bill.
The Cost of Living in Frisco, TX
Frisco's increased homestead exemption and additional tax relief measures provide significant savings for homeowners. When compared to the comprehensive city services funded by these taxes, Frisco continues to offer a favorable balance between tax relief and quality services.
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