Frisco’s homestead exemption increases to 10 percent

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Frisco City Council approved an increase to the homestead exemption from 7.5 percent to 10 percent for fiscal year 2019, a 2.5 percent increase.

According to the preliminary projections for fiscal year 2019, the average home value is increasing by approximately 6 percent.The exemption will not go into effect until next year, but the recommendation needed to be approved by June 30 to affect taxes paid in 2019.

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