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Frisco ISD Announces Tax Rate Drop

Frisco ISD Announces Tax Rate Drop

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by: TownHubAdmin Active Indicator LED Icon Site Admin  OP  New Member
~ 1 mo, 25 days ago    
Frisco ISD Announces Tax Rate Drop
 
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Frisco ISD will see another substantial decrease to its tax rate due to rising property values.
 
The School Board adopted a combined tax rate Monday of $1.2129 per $100 valuation, a 5.43-cent drop from the 2021 rate.
 
In Texas, a school district’s property tax rate is tied to property values–both new construction and appreciation of existing property.
 
Since 2018, the portion of Frisco ISD’s tax rate that pays for maintenance and operations has dropped nearly 23 cents due to House Bill 3, the 2019 law that limits school district revenue growth.
 
The hot housing market helped drive a 14.7% increase in assessed property values within the FISD boundaries from 2021 to 2022. As a result, the District’s tax rate will decrease to offset the burden on homeowners.
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JwayneF Active Indicator LED Icon  New Member
~ 1 mo, 23 days ago    
While a 4.3% drop in the tax rate is nice, that doesn't quite match the 17% rise in taxable values. Too bad the state skims most of the excess of our citizens' property taxes and claims it as 'state funding' for the public Ed system.
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