For the sixth consecutive year, Frisco’s property tax rate will stay the same at 0.4466. The FY23 budget, which went into effect Oct. 1, also provides Frisco homeowners a 12.5% homestead exemption and a senior ‘tax freeze’ for homeowners, 65 and older.
The city’s wholesale water supplier, the North Texas Municipal Water District is increasing its rates by 13.4%. Anita Cothran, Frisco's chief financial officer, states increases will be passed on to residents. Residential rates will increase by 10% for water and 3% for sewer. Stormwater rates won't change. Customers will pay $4 more per trash/recycling cart, per month.
A total of 48% of the city’s budget reportedly is dedicated to public safety. The new budget funds remodeling/expanding Police and Public Works Departments, and completes construction of the new Frisco Public Library.
