Frisco City Council members will consider adopting a property tax rate of $0.4466 per $100 property valuation for the upcoming fiscal year, according to the city’s budget document. Council members will vote on the tax rate and the 2022-23 fiscal year budget during a Sept. 20 meeting.

The 2022-23 fiscal year budget will feature the same property tax rate as the previous five years, though the citywide property valuation is estimated to rise about 15.61%, according to the budget document. The tax rate will raise more revenue from property taxes than last year by about $19.7 million with new properties contributing about $7.3 million to that figure.

A tax rate freeze for homeowners older than age 65, approved in June, is included in the proposed 2022-23 fiscal year budget along with a senior homestead exemption of $80,000. Council members also approved an increase in the regular homestead exemption from 10% to 12.5% during the same meeting in June, according to the budget document.

Frisco City Council is scheduled to meet at 6:30 p.m. Sept. 20 in the George A. Purefoy Municipal Center's City Council Chamber, located at 6101 Frisco Square Blvd.