Home Buying in Frisco>Question Details

Nora, Home Buyer in plano/frisco

if taxes in Frisco are over 4 % how much lower are they after homestead exemption?

Asked by Nora, plano/frisco Thu Jan 22, 2009

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Nora,

By the way, I thought we were talking about a hypothetical 4%. If the tax amount in Frisco is in question, it is:

Collin County:

City ISD County Total
Frisco 0.450000 1.350000 0.331984 2.131984


Denton County:

City ISD (assuming LISD) County Total
Frisco 0.450000 LISD - 1.370000 0.235890 2.055890

Hope this clears up any confusion.

Thanks,
Terri Hayley
The Hayley Group, Keller Williams
terri dot h at kw dot com
1 vote Thank Flag Link Thu Jan 22, 2009
Here is a simple way to explain the homestead exemption courtesy of Denton CAD FAQs:

Homestead exemptions remove part of your home's value from taxation, so they lower taxes. For example, your home is appraised at $50,000, and you qualify for a $15,000 exemption, you will pay taxes on the home as if it was worth only $35,000.

Hope this helps!

Mike Gonzalez, REALTOR®
Listing Specialist / Buyer Representative
Keller Williams Dallas Northwest
(214) 783-4240| MikeTX@kw.com
1 vote Thank Flag Link Thu Jan 22, 2009
Hi Nora,

Frisco taxes are not 4%, they are around 2-3%, depending on the area of Frisco, and it is divided into two counties, Collin & Denton Counties. Are you thinking of moving to the Plano/Frisco area? You can file homestead exemption in January. Also, on properties we send you - you can see the unexempt values on the taxes of the properties in dollar amount. Here are the county appraisal district websites for the counties you are considering:

http://www.collincad.org and http://www.dentoncad.org

Be sure to ask the person you are working with if they are a REALTOR themselves. A REALTOR subscribes to a certain cannon of ethics which are over and above a licensee who promises loyalty, ethics and honesty!

It would be my pleasure to help you in your Plano area home search!! I have sold homes in Plano and Frisco for years, and am a market expert and home buying specialist!

Nicole Arenas, Realtor
Real Estate Consultant
214-991-9507
0 votes Thank Flag Link Tue Apr 21, 2009
I wasn't aware any part of Frisco is 4%? What I will tell you? Schools are plentiful and EXCELLENT! There are medical facitities where ever you are living! Shopping, hotels, Pizza Hut and Dr.pepper? I am an implant here almost 5 years. The Growth is great! The roads, they finish quite quickly! I have lived in many different places, New york, Las Vegas, Florida and now Texas. Texas definately gives you a lot for the buck! It is an Excellent place to live and raise a family!
0 votes Thank Flag Link Mon Mar 9, 2009
Nora,

I can send you a list of tax rates for Frisco area if you would like them as well as other area cities. I don't think they are over 4% anywhere in Frisco. That sounds high to me. Normally more around 3%.
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Thu Jan 22, 2009
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
Terri is correct ,

FYI Frisco is in two counties, Collin higher tax base vs. Denton.

If my office can assist you with real estate purchases in Frisco please call.

CONTACT OUR OFFICE TODAY
972-699-9111
Lynn A. Crosby ~ National Featured Realtor
"...Specializing in Residential, Commercial Properties and Loans..."
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Dallas Real Estate Office:(972) 699-9111
Dallas Real Estate Website: http://www.lynn911.com 60,000 listings Dallas homes for sale
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Thu Jan 22, 2009
Hi Nora,

I just blogged about the homestead exemption for Frisco, Collin County and surounding areas the other day. It doesn't lower your taxes by a percentage, it just reduces your tax appraised value on which you pay taxes. Please see the link below.

Happy to help,
Terri Hayley
The Hayley Group, Keller Williams
0 votes Thank Flag Link Thu Jan 22, 2009
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