Frisco property taxes, explained line by line

School districts must exempt $140,000 of a residence homestead, and cities, counties and other units may add a local percentage exemption of up to 20%, per the Texas Comptroller. Frisco grants the full 20%. Collin CAD says the application is free, is filed between January 1 and April 30, and requires a Texas ID with an address that matches the home. A late application is allowed up to two years after the delinquency date.

Once a home qualifies, its appraised value for tax purposes can rise no more than 10% a year plus the value of new improvements (Tax Code 23.23). The cap starts January 1 of the year after the owner first qualifies, and it belongs to the owner, not the house: it ends when neither the owner nor a spouse qualifies anymore. When you buy, the seller's capped value does not come with the keys.

School districts add a $60,000 exemption, and the school tax on that homestead is held at a ceiling from the first year the owner qualifies, adjusted only for improvements and certain state changes (Tax Code 11.26). If the owner moves, the ceiling can transfer to a new Texas homestead as a percentage. The City of Frisco adds an $80,000 senior and disability exemption and a tax freeze, per Community Impact (Aug 2026).

Collin CAD notes that a new application is required whenever your residence homestead changes. Your old exemption does not follow you to the new house.

The City of Frisco created two public improvement districts for the Panther Creek area to fund landscaping, lakes, parks and entries. The city lists a total assessment per lot of $2,497.82 for PID 1 (or $191.40 a year over 20 years) and $3,014.59 for PID 2 (or $241.72 a year), and says it is in the process of closing both PIDs as of March 27, 2025. If you buy there, ask the title company whether any balance remains.

Some communities with Frisco or Little Elm addresses sit outside Frisco city limits and are served by a water control and improvement district instead. They pay no city tax but do pay the district's rate, so the total can land in a similar range. Our Frisco address lookup guide and MUD and PID guide show how to spot them.

Appraisal districts value property as of January 1 and mail notices of appraised value in the spring. Check the square footage and features before you compare values.

The usual deadline is May 15 or 30 days after the district mailed your notice, whichever is later, per the Texas Comptroller. Form 50-132 works, but any written notice that identifies you, the property and what you disagree with is enough.

The Comptroller is blunt: you cannot just say the district is wrong. Bring recent sales of similar homes, photos and repair estimates, or a comparison showing your home is valued above the median of comparable homes. Our free <a href="/property-tax-protest-checker">property tax protest checker</a> runs that comparison on live appraisal data.

You can ask for an informal conference with the appraisal district before your formal hearing with the appraisal review board, and you can attend the hearing in person, by phone or video, or by affidavit.

If you disagree with the board's order, homesteads of any value can request regular binding arbitration through the Comptroller within 60 days, or you can file in district court within 60 days of receiving the order.