FRISCO ADOPTS $90 MILLION BUDGET, MAINTAINS CURRENT TAX RATE
By Sammy Gardner
(September 20, 2012) The City of Frisco’s tax rate will be $0.461910 per $100 of property value for the
next fiscal year. This tax rate was the same during the last fiscal year (FY12).
The average home value for FY13 is $287,800, which is a 0.95% increase over the previous year’s average
home value of $285,093. That means the average homeowner will pay approximately $7 more in property
taxes during the new fiscal year, which begins October 1, 2012.
During the September 18 City Council meeting, the Frisco City Council voted to adopt a $90.2 million (approximate) General Fund budget for FY13.
Most notably, the new General Fund budget allows the City of…