Frisco, Texas, is quickly becoming one of the best places to live and do business, thanks to its great tax setup. With its prime location, supportive vibe for businesses, and tax perks, Frisco is a win-win for companies aiming to grow and families wanting an exciting place to call home.
A Tax-Friendly Spot for Businesses
Frisco makes it easy for businesses to thrive. Here’s why:
No State Income Tax: Like the rest of Texas, Frisco doesn’t have a state income tax. This means businesses and individuals get to keep more of what they earn.
Low Property Taxes: Property tax rates here are super competitive. The city’s effective property tax rate is $0.4466 per $100 of valuation—that’s lower than many nearby cities.
Tailored Incentives: The Frisco Economic Development Corporation (FEDC) goes the extra mile with grants and tax breaks and helps with workforce development, especially for businesses in key industries.
How Property Taxes Work
Frisco keeps its property tax system straightforward. The tax money comes from several sources, each focusing on essential services.
For instance:
City of Frisco: The city’s share goes to public safety, roads, and community programs.
Frisco Independent School District (FISD): A big chunk supports Frisco ISD, which is one of the best school districts in Texas.
Collin and Denton Counties: Depending on where you live, you’ll pay taxes to either Collin or Denton County, which fund county-wide services like law enforcement and public health.
Big Economic Perks
Frisco’s tax perks aren’t just numbers on paper—they drive real growth. The lack of state income tax and all the business-friendly incentives have attracted major players in tech, healthcare, and more. Companies like Keurig Dr Pepper and the Dallas Cowboys headquarters at The Star chose Frisco for a reason—it’s great for business and the economy.
A Win for Residents
Living in Frisco means enjoying the benefits of a smart tax system.
Residents get:
Top-Notch Schools: Frisco ISD’s reputation for quality education is well-deserved, with strong support from local taxes.
Modern Amenities: From smooth roads to beautiful parks, Frisco’s investments make life better.
A Thriving Community: Economic growth has brought amazing retail, dining, and entertainment options, so there’s always something fun to do.
Wrapping It Up
Frisco’s tax setup is a big reason why the city is growing so fast. With no state income tax, low property taxes, and a welcoming environment for businesses, it’s hard to beat. Whether you’re a company looking for your next home or a family wanting a great community, Frisco is the place to be.
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