Frisco City Council plans same property tax rate for FY 2021-22

Frisco City Council plans to maintain the city’s property tax rate for fiscal year 2021-22.

Council members on Aug. 9 set a proposed tax rate of $0.4466 per $100 property valuation during their annual budget work session. The proposed tax rate is the same as the current year's tax rate, but the city expects to raise more revenue for maintenance and operations compared with the current year.

This budget will raise more revenue from property taxes than last year’s budget by over $13.5 million, which is a 9.63% increase from last year’s budget.

More than 50 new positions are included for the 2021-22 fiscal year, including 27 new first responder positions. Frisco will look to hire an additional deputy police chief, seven police officers and nine firefighters. In total, the city has set 49% of its general fund on public safety in the proposed budget.

Public hearings on the city’s recommended budget will be held during the Aug. 17 and Sept. 7 City Council meetings at the George A. Purefoy Municipal Center, 6101 Frisco Square Blvd. On Sept. 21, a public hearing on the tax rate will be held. City Council is scheduled to vote to adopt the budget, tax rate and fee ordinances that same day.

The property tax rate in Frisco over the years has remained steady: