Property Taxes in Frisco, Texas: Guide for New and Current Homeowners

Living in Frisco, Texas has its advantages. It’s a tightly knit community with a ton of upside. However, be prepared to take out your check book.

Property taxes represent one of the most significant ongoing costs for homeowners in Frisco, Texas. In Frisco, property taxes are based on 100% of your home’s market value and are collected by local officials who also set the tax rates.

Unlike your mortgage payment that eventually ends, these taxes continue as long as you own your home. Understanding how property taxes work in Frisco helps you budget effectively and avoid surprises when your annual tax bill arrives.

Your tax bill includes charges from multiple entities including Collin County, the City of Frisco, Frisco ISD, and Collin County Community College district.

This guide walks you through everything you need to know about Frisco property taxes, from current rates and assessment processes to available exemptions and appeal procedures.

You’ll learn how to manage your property tax obligations, take advantage of potential savings, and understand how rising property values affect your tax bill even when tax rates decrease.

Ready to find out what you’re going to have to pay? Let’s go!

Understanding Property Taxes in Frisco, Texas

Property taxes in Frisco operate on an ad valorem system where your tax bill depends on your home’s assessed value multiplied by rates set by multiple taxing entities. The calculation involves appraisal districts, various taxing authorities, and specific exemptions that can reduce what you owe.

How Property Taxes Are Calculated

Property taxes in Frisco are calculated based on your property’s assessed value, which is determined by the county appraisal district. The assessed value is often lower than market value when you qualify for exemptions like the homestead exemption.

Your total tax rate comes from combining rates set by multiple entities including the city, county, school district, and special districts. Each entity sets its own rate, and these rates are added together to determine your overall tax burden. The City of Frisco’s 2026 property tax rate is 0.425517 per $100 of assessed value.

To calculate your annual tax bill, divide your assessed value by 100 and multiply by the combined tax rate. For example, a home assessed at $400,000 with a combined rate of 1.8% would have an annual tax bill of approximately $7,200.

Key Local Tax Authorities

Frisco sits in both Collin and Denton counties, meaning the county where your home is located determines which tax office handles your payment. Properties in the Collin County portion use that county’s appraisal district and tax office, while Denton County properties use separate offices.

Multiple school districts serve Frisco including Frisco ISD, Prosper ISD, Lewisville ISD, and Little Elm ISD. School district taxes typically represent the largest portion of your total property tax bill. The Denton County Tax Office in Frisco accepts payments on Mondays and Tuesdays from 8 am to 4:30 pm and Wednesdays from 10 am to 4 pm.

Important Tax Terminology

Assessed value refers to the dollar amount your property is worth according to the appraisal district. This value forms the basis for your tax calculation.

Homestead exemption reduces your taxable value if the property is your primary residence. Frisco raised its homestead exemption to 20% for 2026, saving homeowners approximately $120 on average.

Tax rate is expressed per $100 of assessed value. A rate of 0.425517 means you pay $0.425517 for every $100 of your home’s value.

Appraisal district is the county entity responsible for determining property values. Frisco properties are valued by either Collin County or Denton County appraisal districts depending on location.

Current Property Tax Rates and How They Impact Homeowners

The City of Frisco maintains its property tax rate at $0.425517 per $100 of valuation for fiscal year 2026, with an increased homestead exemption of 20% that saves homeowners approximately $120 annually. Understanding how this rate breaks down and affects your property tax bill helps you plan for costs when buying or owning a home in Frisco.

Breakdown of Frisco Tax Rates

Your Frisco property tax bill combines multiple taxing entities, with the city rate representing just one portion. The city’s rate of $0.425517 divides into $0.292775 for maintenance and operations and $0.132742 for debt services.

Beyond the city portion, you also pay taxes to your school district, county, and special districts. School districts typically represent the largest portion of your total tax bill. Your location within Frisco determines which school district applies, as Frisco ISD, Prosper ISD, Lewisville ISD, and Little Elm ISD all have territory within city limits.

The county portion varies based on whether your property sits in Collin County or Denton County. Each taxing entity sets its own rate independently, and these combined rates determine your total property tax obligation.

Annual Tax Assessment Process

Your property tax bill stems from the appraised value assigned by your county appraisal district. The appraisal district evaluates your home annually, typically considering recent sales of comparable properties, current market conditions, and property characteristics.

You receive a notice of appraised value each spring. If you disagree with the valuation, you can file a protest with the appraisal review board. The homestead exemption, now set at 20% in Frisco, reduces your taxable value for the city portion only.

Tax bills typically arrive in October and payment is due by January 31. Your actual tax amount equals your taxable value multiplied by the combined tax rates from all applicable entities.

Impact of Tax Rates on Home Sale and Purchase

Property taxes directly affect your monthly housing costs and purchasing power. Lenders include estimated property taxes in your debt-to-income ratio calculations, which influences your loan approval amount. Higher property taxes mean less money available for your mortgage principal and interest.

When selling, buyers examine tax amounts during their evaluation process. Rising home values in Frisco mean higher tax bills even with stable rates, since you pay taxes on increased appraised values. A home appraised at $400,000 generates different tax obligations than one valued at $500,000, regardless of rate changes.

You should budget for potential increases in your tax bill over time as property values appreciate. The combination of market-driven appraisal increases and any future rate adjustments affects your long-term ownership costs.

The Property Tax Assessment Process

Property assessments in Frisco determine your tax bill based on 100% market value of your home, with local appraisal districts evaluating properties annually and notifying owners of proposed values typically in spring.

Determining Assessed Value

In Texas, property taxes are based on market value, which represents what your home would sell for in the current real estate market. The appraisal district examines comparable sales in your neighborhood, property characteristics, and current market conditions to establish this value.

Your assessed value considers factors including square footage, age of the home, location, condition, and recent improvements or renovations. The appraisal district uses mass appraisal techniques to evaluate thousands of properties efficiently, though they may also conduct individual property inspections.

The assessment system in Texas operates differently than many states because Texas has no state income tax, making property tax assessments a primary revenue source for local governments and schools. All taxable property must be appraised at full market value without arbitrary caps or limitations on year-to-year increases.

Timeline for Assessments

Appraisal districts typically mail notices of appraised value between April and May each year. You receive this notice showing your property’s assessed value for the current tax year, giving you time to review and potentially contest the valuation.

If you disagree with the assessed value, you generally have until May 15 or 30 days after receiving your notice (whichever is later) to file a protest. The appraisal review board then schedules hearings throughout the summer months to consider protests.

Tax bills arrive in October after taxing entities set their rates based on finalized property values. Payment is due by January 31 of the following year, though you can arrange split payments in some cases.

Role of Collin and Denton County Appraisal Districts

Since Frisco spans two counties, the Collin Central Appraisal District (CCAD) handles properties in Collin County while the Denton Central Appraisal District manages Denton County properties. Each district independently appraises properties within its jurisdiction using its own staff and methodologies.

The appraisal district where your property sits determines your assessed value, maintains property records, and processes exemption applications. If you live in the Denton County portion of Frisco, you receive separate tax bills, one from Denton County covering Lewisville ISD and another from Collin County billing City of Frisco taxes.

These appraisal districts operate as independent governmental entities separate from the taxing units that collect revenue. They answer to boards of directors appointed by the taxing entities within their boundaries but maintain independence in valuation decisions.

Property Tax Exemptions and Discounts in Frisco

Frisco homeowners can reduce their property tax burden through several exemption programs. The Frisco City Council increased the homestead exemption to 20% in July 2025, and additional exemptions exist for seniors, disabled individuals, and veterans.

Homestead Exemption

Frisco now offers the maximum 20% homestead exemption allowed under state law. This change took effect in January 2026 after the city council unanimously approved the increase from the previous 15% level.

The increased exemption saves the average homeowner about $120 on their city property tax bill. To qualify, you must own and occupy the property as your primary residence on January 1 of the tax year.

You need to file your homestead exemption application with the Collin Central Appraisal District. Once approved, the exemption applies automatically each year as long as you continue to own and occupy the property.

Over-65 and Disabled Exemptions

If you’re 65 or older or disabled, Frisco provides an $80,000 exemption on your home’s assessed value. This exemption applies in addition to the standard homestead exemption.

Frisco also implemented a tax freeze for qualifying seniors and disabled homeowners in January 2022. This freeze locks in your property tax amount at the current level, protecting you from future increases due to rising property values. You’ll continue to pay the same amount each year regardless of how much your home’s appraised value increases.

Veteran and Disability Exemptions

Texas law provides property tax exemptions for veterans with service-connected disabilities. The exemption amount depends on your disability rating from the Department of Veterans Affairs. Veterans with a 100% disability rating or those who are unemployable due to a service-connected disability receive a total exemption from property taxes.

Disabled veterans with ratings between 10% and 90% receive partial exemptions ranging from $5,000 to $12,000. Surviving spouses of military members killed in action may also qualify for a full property tax exemption on their homestead.

Now it’s time to talk about how you’re going to pay those property taxes:

Paying Your Property Taxes

Property tax statements in Frisco are mailed in October and taxes are due upon receipt, with a final deadline of January 31 to avoid penalties. You can pay in person, online, by mail, or through several other convenient methods accepted by the county tax office.

Tax Payment Deadlines

Property tax statements are mailed out in October each year. Your taxes are technically due upon receipt of your statement.

However, you must pay by January 31, 2026 to avoid penalties. This deadline applies regardless of when you receive your statement.

If you don’t receive a tax statement by late November, you should contact the appropriate tax office. Missing a statement doesn’t excuse you from the payment deadline or potential penalties.

Accepted Payment Methods

You can pay taxes in person on the second floor of City Hall at the George A. Purefoy Municipal Center, located at 6101 Frisco Square Boulevard. The Collin County Tax Assessor-Collector Office is open 8am to 5pm Monday through Friday, with extended hours until 7pm on Wednesdays.

Other payment options include:

• Online payments through the county tax assessor website
• Mail with check or money order
• Phone payments by credit or debit card
• Drop box at City Hall for after-hours payments

Each payment method may have different processing times. Some methods, particularly credit card payments, may include convenience fees.

Consequences of Late Payment

Penalties apply if you don’t pay property taxes by January 31. Late payments immediately incur penalty and interest charges that accumulate monthly.

Penalty fees start at 6% in February and increase by 1% each month through July. After July, penalties reach their maximum level. Interest accrues at 1% per month starting February 1.

Extended delinquency can result in tax liens on your property. The taxing authorities may eventually pursue foreclosure proceedings to collect unpaid taxes, which could result in the loss of your home.

How to Appeal Your Property Tax Assessment

Texas homeowners have the legal right to challenge their property tax assessments if they believe their home has been overvalued. The appeal process involves filing a protest by May 15, presenting evidence to support your case, and attending a hearing with the Appraisal Review Board.

Reasons to File an Appeal

You should consider filing an appeal when your property’s appraised value exceeds its actual market value. This often occurs when the appraisal district uses outdated sales data or fails to account for property-specific issues like foundation problems, roof damage, or needed repairs.

Market conditions also justify an appeal. If comparable homes in your neighborhood sold for less than your assessed value, you have grounds to protest. Geographic errors represent another valid reason if your property was incorrectly classified or its characteristics were misrecorded.

Your appraisal district must send a notice of appraised value by May 1, or by April 1 for residence homesteads. Review this notice carefully to determine if the assessed value aligns with current market conditions and your property’s actual condition.

Steps in the Appeals Process

The first step involves filing your protest before the May 15 deadline. You can file online through your county appraisal district’s website, by mail, or in person. Your notice of appraised value includes specific instructions for filing.

After submitting your protest, you’ll receive a hearing date from the Appraisal Review Board. Gather evidence before this hearing, including recent sales data for comparable properties, photographs of property defects, and professional appraisals if available.

During the hearing, you’ll present your case to the board members. Bring organized documentation showing why your property’s value should be lower. The board will review your evidence and the appraisal district’s information before making a decision. If you disagree with the outcome, you can pursue further appeals through binding arbitration or district court.

Tips for a Successful Appeal

Focus on gathering strong comparable sales data from your neighborhood. Properties should be similar in size, age, condition, and location, with sales occurring within the past six to twelve months. Create a spreadsheet comparing these properties to yours, highlighting differences that justify a lower valuation.

Document any property defects with clear photographs and repair estimates. Foundation issues, plumbing problems, outdated systems, and deferred maintenance all impact market value. Present this evidence in an organized manner that clearly demonstrates why your property’s condition warrants a reduced assessment.

Remain professional and factual during your hearing. Stick to market-based arguments rather than complaints about high taxes or government spending. The board can only adjust your property’s appraised value, not your tax rate or bill amount.

Special Tax Considerations for New Homeowners

When you purchase a home in Frisco, your first tax bill may arrive sooner than expected, and closing costs will include prorated amounts based on the seller’s obligation and your purchase timing.

Initial Tax Bill Expectations

Your first property tax bill as a Frisco homeowner typically arrives in October for the current tax year. Taxes are assessed on January 1st each year, regardless of when you purchased your home.

If you buy in early 2026, you won’t receive a bill until fall. However, if you purchase later in the year, you could receive your first bill within weeks of closing. The county appraisal district sends bills based on whoever owns the property on January 1st of that tax year.

You should set aside funds immediately after closing. Many new homeowners underestimate this expense because their first bill covers a full year of ownership from the assessment date. Your lender may collect taxes through an escrow account, which spreads the annual cost across monthly mortgage payments.

First-time buyers should verify whether their mortgage company handles tax payments. If not, you’re responsible for paying the bill directly to Collin County by January 31st of the following year to avoid penalties.

Prorated Taxes at Closing

Your closing disclosure will show prorated property taxes as either a credit or debit. The seller pays for the portion of the year they owned the home, while you pay from your purchase date forward.

Tax proration appears in your settlement statement under adjustments. If the seller hasn’t yet paid the current year’s taxes, you’ll receive a credit. If they’ve already paid, you’ll owe them your portion at closing.

The calculation divides the annual tax bill by 365 days, then multiplies by the number of days each party owned the property. For example, if you close on July 1st with a $6,000 annual tax bill, you owe approximately $3,000 for your half of the year.

Your title company handles these calculations. Review your closing disclosure carefully to understand which tax periods are covered and whether estimated or actual tax amounts were used.

Effect of Property Taxes on Real Estate Values

Property taxes directly influence real estate values in Frisco through their impact on homeownership costs and buyer decisions. When you’re evaluating a home purchase, the total cost of ownership matters more than the sale price alone.

Higher property tax rates can reduce what buyers are willing to pay for homes. If you’re comparing two similar properties in different areas, the one with lower taxes becomes more attractive because your monthly housing expenses will be less.

Frisco’s property tax rates typically range from 1.8% to 2.4% of assessed value annually. This creates predictable costs that you can factor into your budget.

Key factors affecting real estate values:

• Tax rate stability – Frisco maintained its property tax rate at 0.425517 for FY26, providing certainty for homeowners
• Exemptions – The City Council increased the homestead exemption to 20%, the maximum allowed by Texas law
• Service quality – Your property taxes fund schools, roads, and emergency services that enhance neighborhood desirability

The relationship between taxes and values isn’t always negative. Well-funded public services supported by property taxes can increase home values by making communities more desirable. You benefit when your tax dollars create excellent schools and maintained infrastructure that attract other buyers.

Market conditions in Frisco show that home values have moved upward even as tax rates held steady or trended down slightly. This demonstrates that multiple factors beyond taxes shape real estate values in your area.

Changes and Trends in Frisco Property Tax Rates

The Frisco City Council maintained its property tax rate at 0.425517 for fiscal year 2026, matching the previous year’s rate. However, homeowners will see relief through an increased homestead exemption that rose from 15% to 20%, which represents the maximum allowed under state law.

Recent Rate Adjustments

The city’s decision to hold the property tax rate steady at 0.425517 for FY26 provides stability for homeowners. While the rate itself remained unchanged, the homestead exemption increase will save you approximately $120 on your annual city property tax bill starting in January 2026.

This exemption change puts Frisco in line with neighboring Plano, which already offered the maximum 20% homestead exemption. The city council approved this increase unanimously during a special meeting in June.

Despite maintaining the same tax rate, the city expects to collect $14 million more in property tax revenue due to rising property valuations. Your individual tax bill may still increase if your home’s assessed value has gone up, even with the enhanced exemption benefit.

Future Projections

Tax rates in Frisco have generally held steady or trended slightly downward in recent years, even as property values have increased. Property tax levels have decreased by approximately 4.7% over the past five years since 2021.

The city’s commitment to fiscal stability suggests you can expect continued efforts to balance revenue needs with homeowner relief. Your actual tax burden will depend primarily on assessed home values rather than rate changes, as Frisco has demonstrated a pattern of maintaining consistent rates while adjusting exemptions to provide relief where possible.

Resources for Frisco Homeowners

Several official channels can help you navigate property tax responsibilities in Frisco. The City of Frisco Tax Administration department handles local property tax collection and can answer questions about your tax bill.

The Collin Central Appraisal District (CCAD) determines property values for most Frisco homes. You can access your property’s assessed value and review appraisal information through their office. If your property falls within Denton County, you’ll work with the Denton County Appraisal District instead.

Key Resources to Bookmark:

• City of Frisco official website for tax payment and general inquiries
• Your county appraisal district for valuation questions and protest deadlines
• County tax assessor-collector office for payment options and account management
• Frisco ISD and Collin County Community College District for school tax information

Your tax bill includes multiple entities: Collin County, City of Frisco, Frisco ISD, and Collin County Community College District taxes. Properties in Denton County receive separate statements for different taxing jurisdictions.

Professional tax consultants and real estate agents familiar with the area can provide personalized guidance. Many homeowners also benefit from consulting with local CPAs who specialize in property tax matters, particularly when considering homestead exemptions or filing protests.

Keep copies of all correspondence with appraisal districts and tax offices. Maintaining organized records helps if you need to reference previous valuations or appeal decisions in future tax years.