Frisco’s property tax rate could remain unchanged for another year.
During a Sept. 2 board workshop, the Frisco City Council directed city staff to keep the fiscal year 2026-27 property tax rate at $0.425517 per $100 valuation, the same rate as FY 2025-26.
What to know
At the city’s final budget and tax rate workshop, Frisco staff outlined several priorities, including maintaining the current tax rate, increasing city support to offset utility fee increases and continuing discussions on sustainability and long-term planning for future economic challenges.
At the meeting, the Frisco City Council also directed staff to consider further reducing proposed utility rate increases.
By keeping the proposed property tax rate at $0.425517 per $100 valuation, Frisco would mark nine years without a tax rate increase.
In a social media post, Frisco Mayor Mark Hill said discussions regarding sustainability and long-term planning will be discussed at this year’s winter work session.
“I am proud of the hard work put in by our city staff, the thoughtfulness of all our council members, and the invaluable input received from residents over the last several weeks,” Hill said in the post. “The best days of Frisco are ahead of us.”
How we got here
During an Aug. 10 work session, Frisco officials discussed a 3.7% tax rate increase for FY26-27, which would have increased resident’s tax bills by nearly two cents.
Despite the proposed increase, city documents show Frisco’s maximum tax rate would remain lower than neighboring cities like Richardson, The Colony, Prosper and Little Elm. At the work session, city manager Wes Pierson said the proposed tax rate increase reflects a growing responsibility to reinvest in Frisco’s roads, parks and infrastructure.
One more thing
The Frisco City Council will vote on adopting the proposed budget during a Sept. 15 meeting. The budget and tax rate will go into effect Oct. 1.
