Understanding the Frisco property tax rate 2026 is essential for every homeowner and buyer in this fast-growing city. For homeowners in Frisco, Texas, property taxes represent one of the most significant ongoing costs. Yet for many buyers, the mechanics of how that bill is calculated remain a mystery. Therefore, knowing your property tax obligation before you buy is critical for accurate budgeting. In this comprehensive guide, we break down the current Frisco property tax rate 2026 and everything you need to know to plan ahead. If you are also exploring whether the Frisco housing market is still competitive in 2026, this guide will help you see the full picture.
How the Frisco Property Tax Rate 2026 Is Calculated
Texas does not have a state income tax. Instead, property taxes are the primary way local governments fund public services. Your property tax bill is determined by two main factors: the assessed value of your home and the combined tax rates set by local taxing entities.
Specifically, the total rate you pay is the sum of rates from the City of Frisco, the county, the school district, and other special districts. As of fiscal year 2026, the City of Frisco’s property tax rate is $0.4255 per $100 of assessed valuation. Notably, the Frisco City Council voted to maintain this rate unchanged from the prior year [1]. However, this city rate is just one component of your total tax bill.
Here is a complete breakdown of the combined rates for Frisco homeowners:
Frisco Homeowners in Collin County:
| Taxing Entity | Tax Rate (per $100 valuation) |
|---|---|
| City of Frisco | 0.425517 |
| Collin County | 0.149343 |
| Frisco Independent School District | 1.019400 |
| Collin County Community College | 0.081220 |
| Approximate Total | 1.6755 |
Frisco Homeowners in Denton County:
| Taxing Entity | Tax Rate (per $100 valuation) |
|---|---|
| City of Frisco | 0.425517 |
| Denton County | 0.185938 |
| Frisco Independent School District | 1.019400 |
| Approximate Total | 1.6309 |
Note: Portions of Frisco also fall within Prosper ISD, Lewisville ISD, or Little Elm ISD boundaries. These carry different school district rates. In addition, your specific total rate may include additional special district levies. Always verify your exact rate with the relevant county appraisal district.
Source: City of Frisco [2]
A Practical Example Using the Frisco Property Tax Rate 2026
To illustrate how this works in practice, consider a home with an assessed value of $650,000 in Collin County with no exemptions applied:
$650,000 ÷ 100 × 1.6755 = approximately $10,891 per year
That works out to roughly $908 per month added to your mortgage payment. This is why understanding property taxes before you buy is so important. They represent a substantial portion of your total monthly housing cost. For buyers exploring homes for sale in Frisco, factoring in these taxes early is essential.
The Homestead Exemption: Your Most Powerful Tool for Savings
One of the most important ways to reduce your property tax burden is by claiming the homestead exemption. This exemption removes a portion of your home’s assessed value from taxation. As a result, it can potentially save you hundreds of dollars each year.
In a landmark move in July 2025, the Frisco City Council voted unanimously to increase the city’s homestead exemption from 15% to 20% [3]. This is one of the most generous in the Dallas-Fort Worth area.
To qualify, you must own and occupy the property as your principal residence as of January 1st of the tax year. Applications are filed with either the Collin County Appraisal District or the Denton County Appraisal District, depending on your home’s location. Importantly, there is no annual renewal required once the exemption is approved.
Furthermore, additional exemptions are available for seniors aged 65 and older, disabled veterans, and surviving spouses of first responders. These can further reduce the taxable value of your home.
The Bottom Line
While property taxes in Frisco are among the higher rates in Texas, they directly fund world-class schools, infrastructure, parks, and public safety services. These are the very things that make Frisco one of the most desirable places to live in the country.
By understanding how the Frisco property tax rate 2026 affects your budget and proactively claiming every exemption you qualify for, you can manage this cost effectively. In turn, you will make the most of your investment in the Frisco community.
For personalized guidance on the true cost of homeownership in Frisco — including property taxes, HOA fees, and more — contact Neda Dameshghi at www.housesbyneda.com or follow @HousesByNeda on Instagram.
References
[1] Star Local Media. “Frisco approves budget with unchanged tax rate for 2025-26.” starlocalmedia.com
[2] City of Frisco. “Property Tax Rate.” friscotexas.gov
[3] City of Frisco. “Frisco increases homestead exemption to 20%.” friscotexas.gov