Mortgage Lender Serving Frisco, TX

The City of Frisco's tax pages list two appraisal districts for the city: the Collin Central Appraisal District and the Denton Central Appraisal District. Which one values a particular home depends on which county the parcel is in, not on the Frisco mailing address. Appraisal districts value property at market value as of January 1, and local taxing units, not the state, set the tax rates.

The county also changes the paperwork. A Frisco property in Denton County gets two tax statements: one from the Denton County tax collector that includes the school district (Lewisville ISD or Little Elm ISD), and one from Collin County that bills the City of Frisco's taxes.

For a loan, that matters because the escrow account may need to cover more than one bill, and the tax estimate should be built from the right appraisal district's records for the exact parcel. Ask us to work from the parcel's own records, not from a citywide average.

The City of Frisco names four school districts that serve its residents: Frisco ISD, Lewisville ISD, Little Elm ISD and Prosper ISD. Attendance boundaries are set by the districts, so confirm an address with the district itself if schools matter to your decision.

For the mortgage, the point is narrower. Each school district is its own taxing unit with its own rate, so the district serving an address is one of the reasons two similar Frisco homes can carry different estimated property taxes. Texas also requires school districts to offer a homestead exemption on a principal residence, which you request through the appraisal district.

The City of Frisco lists a general homestead exemption, an exemption for homeowners who are 65 or older or disabled, and a tax freeze for those homeowners. They apply to a primary residence and are requested through the appraisal district. They are not available on a second home or an investment property.

Texas also limits how fast a homestead's appraised value can rise, but the limit starts on January 1 of the tax year after the owner first qualifies for the homestead exemption. A buyer should not assume the seller's current bill will carry over, and should ask for an estimate based on the expected appraised value.

Frisco's website lists two public improvement districts, PID 1 and PID 2, in the Panther Creek area. A PID is created under Chapter 372 of the Texas Local Government Code so that improvements such as landscaping, open space, lakes and parks can be paid for through an assessment on each lot. The city says that as of March 27, 2025 it was in the process of closing both districts, and that owners could pay the assessment at closing or spread it over twenty years. Because status can change, the city's page is the place to confirm whether an assessment applies to a specific lot.

If an assessment does apply, it counts in the loan. Under Fannie Mae's Selling Guide, which many conventional loans follow, monthly housing expense includes real estate taxes, special assessments and owners' association dues. For a property in a public improvement district, the seller must give the buyer a written notice under Section 5.014 of the Texas Property Code.