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.
City Manager Wes Pierson also emphasized that the increase to the homestead exemption was carefully planned and guided by long-term financial sustainability, rather than implemented hastily or without regard for the city’s budget.
Relief for Seniors and Disabled Residents
In addition to the homestead exemption, Cotten reminded residents that other forms of tax relief remain intact. “We have an over-65 or disabled person exemption at $80,000, and we do have a senior tax freeze in place,” he said.
By pairing a strong property tax base with targeted exemptions, Frisco officials say they’re committed to balancing fiscal responsibility with meaningful relief for residents.
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