Frisco City Council approved the city's fiscal year 2026-27 maximum tax rate, which could potentially increase resident's tax bill by nearly two cents.
During an Aug. 10 special called work session, the Frisco City Council approved a maximum tax rate of $0.441289 per $100 valuation, marking the first tax rate increase since 2017. Council members also discussed the FY 2026-27 budget, tax exemptions and funding sources.
At the meeting, city officials approved the maximum tax rate but did not finalize the city’s tax rate for FY 2026-27.
The specifics
Frisco City Manager Wes Pierson said this year’s budget and tax rate reflect “a growing responsibility to reinvest in the roads, parks, equipment and people that have made Frisco successful.”
This year’s proposed maximum property tax rate of $0.441289 per $100 valuation is a 3.71% increase from the FY 2025-26 rate of $0.425517.
The previous year’s rate represented a 3% decrease from the FY 2024-25 rate of $0.432205 per $100 valuation.
The proposed rate also inches closer to the $0.4466 per $100 valuation rate that remained in place in Frisco from 2018 to 2023.
City documents state the proposed 2027 tax rate indicates an increase of $9 a month for homeowners with an average home price of $100,000.
“Frisco continues to grow, and we expect that growth to remain an important part of our future. At the same time, Frisco is entering a new stage of maturity,” said Angelia Pelham, Frisco Deputy Mayor Pro Tem. “Frisco’s maturity requires us to be more intentional with each of our decisions."
Also of note
Despite the increase, city documents show Frisco’s maximum tax rate remains lower than neighboring cities like Prosper, Little Elm, Richardson and The Colony.
The city of Frisco currently offers a maximum homestead property tax exemption of 20%. Homeowners who are 65 or older or who have a disability are eligible for an additional $80,000 exemption, while qualifying senior citizens can also receive a property tax freeze.
What's next
City Council will hold public hearings on the budget on Aug. 18 and Sept. 1. The council will vote on adopting the budget Sept. 15. The budget and tax rate will go into effect Oct. 1.
