What will you actually pay in property tax in Frisco or Prosper?

There is no such thing as "the Frisco property tax rate" or "the Prosper property tax rate." Your bill is the sum of every taxing jurisdiction your specific parcel sits inside, each one adopting its own rate per $100 of taxable value: the city or town, the school district, the county, the county college district, in some counties a hospital district, and in a great many new communities a municipal utility district or a public improvement district assessment on top of all of it. Two houses eight hundred feet apart, both with a Frisco mailing address, can sit in different school districts, different counties, and different special districts — and pay materially different totals on identical value.

That is why we are going to show you the components we have verified, refuse to add them up for you, and then tell you exactly where to pull the rest for your address.

How is a Texas property tax bill actually assembled?

1. The appraisal district sets the value. Collin Central Appraisal District and Denton Central Appraisal District appraise property in their counties. Under Tax Code Chapter 23, property is valued as of January 1 of each tax year.
2. Exemptions come off that value, and not all of them come off for every jurisdiction. The general residence homestead exemption applies to school district taxes at a different amount than local option exemptions apply to city or county taxes.
3. Each taxing unit adopts its own rate. A city council, a school board, a commissioners court, a college board, and a district board each vote separately, on their own calendars, under the truth-in-taxation rules in Tax Code Chapter 26.
4. The rate is applied per $100 of taxable value. A rate of $0.500000 on $500,000 of taxable value is $2,500 for that jurisdiction alone.
5. The county tax office consolidates the jurisdictions into one bill. One envelope, many separate levies inside it. A PID assessment is generally collected alongside it and is an assessment rather than a tax.

What rates have we verified?

These are components. Do not add them together and treat the result as your tax rate — each row below is one jurisdiction out of five or six that will bill your parcel, and the list is deliberately incomplete. Every figure is per $100 of valuation, adopted for tax year 2025 and fiscal year 2025-26, taken from the taxing entity's own published rate.

What is missing from that table, and missing on purpose: Denton County, the county college district, any hospital or emergency services district that levies on your parcel, and any MUD tax or PID assessment attached to your community. Publishing a partial sum as a total is a misrepresentation, and it is the single most common error on pages that answer this question.

M&O and I&S are worth knowing as terms. M&O — maintenance and operations — funds day-to-day operating costs. I&S — interest and sinking, also called debt service — pays voter-approved bonds. Both are real money on your bill, but only the I&S portion tells you anything about how much a jurisdiction has borrowed.

Why can't you just use the city's rate?

Because jurisdiction boundaries do not line up with each other and never have. The city of Frisco spans both Collin and Denton counties, so the county component depends on which side of the line your lot is on. Not every Frisco address is in Frisco ISD; portions of the city are served by other districts, and portions of Prosper ISD extend outside the town of Prosper. The town of Prosper likewise crosses a county line. Your school district, your county, and your special district are properties of your parcel, not of your mailing address. Verify all three on the appraisal district record before you build a budget on them.

Where do you pull the rest for your specific parcel?

1. Your county appraisal district. Search the address or account number at Collin Central Appraisal District or Denton Central Appraisal District. The parcel record lists every taxing jurisdiction that bills it. This is the authoritative answer to "what do I actually pay into," and it takes about two minutes.
2. The Texas truth-in-taxation site at texas.gov/propertytaxes. Tax Code Chapter 26 requires counties to publish a searchable database showing, for your property, each taxing unit's proposed and adopted rates, what your bill would be, and when each unit votes. It is updated through August and September as rates are adopted.
3. The taxing entity's own published rate. Cities, school districts, and counties post the adopted rate and the ordinance or order adopting it. If a rate you have been quoted does not appear there, do not use it.
4. The district itself, for a MUD or PID. A MUD board sets its rate annually; a PID's service and assessment plan states the assessment. Ask for the document, not a number from memory.
5. The Texas Comptroller's Special Purpose District Public Information Database, which collects statewide reporting from special districts.

We do not publish rates for named MUDs or PIDs anywhere on this site. They are set per district, they change every year, and a stale number here would do more harm than no number. What a district can levy, how a PID assessment differs from a MUD tax, and the notices you are legally owed before you sign are covered at what a MUD or PID notice is, and can you get out of the contract. That levy is the piece new-home buyers most often leave out of the comparison, and it is frequently the largest single reason two similar houses carry different monthly payments.

What surprises new-construction buyers in year two?

The first-year bill is often not a real bill. Because Tax Code Chapter 23 values property as of January 1, a home that was a slab or a frame on that date may be appraised as a partially improved lot for that tax year. Your lender sets the initial escrow from whatever number is available at closing. The following year the house is on the roll at full value, the bill jumps, the escrow account runs short, and the servicer both raises the monthly escrow and spreads the shortage over the coming year. Two increases arrive in the same letter.

None of that is a mistake by anyone. It is the calendar. But it is worth asking your lender, before closing, whether your escrow is based on a full improved value or a partial one, and budgeting accordingly.

Two related items to have on your list:

• File your homestead exemption. Texas voters approved Proposition 13 on November 4, 2025 — the constitutional amendment proposed by Senate Joint Resolution 2 and implemented by Senate Bill 4, both of the 89th Legislature — raising the general residence homestead exemption for school district taxes from $100,000 to $140,000. The Comptroller applies the $140,000 figure beginning with the 2025 tax year, not 2026. Confirm the current amount and your eligibility with your appraisal district — this is the one exemption almost every owner-occupant qualifies for, and it has to be applied for.
• Know when the cap starts. The 10 percent annual cap on appraised value increases for a homestead, under Tax Code §23.23, applies once the property has qualified as your homestead in the preceding year. On a brand new home, that means the first full-value year is uncapped.

What should you ask before you sign?

Ask the sales agent for the parcel's account number and look it up yourself. Ask which school district and which county the lot is in. Ask whether the community carries a MUD, a PID, or both, and get the notice in writing before the contract binds. Then build your monthly number from the jurisdictions you confirmed rather than from an estimate sheet. It is an afternoon of work against thirty years of payments.

The related pages in this section: what happens if a to-be-built home appraises below the contract price, which shares the escrow problem, and how a builder's contract differs from a TREC form. On the development side, the same infrastructure that generates these levies is paid for partly through impact fees.

How we sourced this

Rates are the adopted rates for tax year 2025 and fiscal year 2025-26, taken from the published rate of each taxing entity: the City of Frisco, Frisco Independent School District, the Town of Prosper, Prosper Independent School District, and Collin County. Framework written from Texas Tax Code Chapter 23 and Chapter 26, from Tax Code §23.23, and from the Texas Comptroller's truth-in-taxation resources at texas.gov/propertytaxes. The homestead exemption amount reflects Texas Proposition 13, approved November 4, 2025, proposed by Senate Joint Resolution 2 and implemented by Senate Bill 4, 89th Legislature, and the Comptroller's published guidance that the $140,000 school district exemption applies to the 2025 tax year and beyond. Verified August 2026 and current as of that date. Rates are adopted annually and change every year; confirm the current rate for your parcel with your county appraisal district before you rely on any figure here. The rates above are individual components and are not a total — we have not summed them, and neither should you. This is general information, not legal or tax advice.

The Agency Dallas is independently owned and operated by Damon & Megan Williamson. Damon Williamson, Broker-Owner · Licensed Real Estate Agent, State of Texas. Dallas, Dallas County, Texas 75225. Equal Housing Opportunity. Texas Real Estate Commission Information About Brokerage Services and Consumer Protection Notice are available at trec.texas.gov. This is not intended as a solicitation of property currently listed for sale.