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Form 8869 for Frisco Texas: What You Should Know
REVENUE FROM OIL AND GAS (1), CITY ATLANTA, GA, (2), GROCERIES (3), (4), (5), (6). 366, REVENUE FROM OIL AND GAS (1), CITY ATLANTA, GA, (3), GROCERIES (3), (4), (5). 367, REVENUE FROM GAS (1), CITY ATLANTA, GA, (4), GROCERIES (5). 368, COMMERCIAL Fulfillment (3), (4), (5). Note these are actual numbers not the estimates. Frisco Texas Tax Form 1040 Note the number 2 Sheet1 — Frisco, TX The number 2 is added to the last line of the Form 1040 to reflect the estimated value of property held by Frisco. (The number 1) Note the 2 number's for the total value of property 1 — (Total Property Value) This is calculated by multiplying each item's value by the percentage of tax in that area. Frisco County is 3.86% tax. So all of 4,400.00 (the tax liability for Frisco) is subtracted and added to the total value of property. 2 — (Total Property Value) Note — Frisco also has a property tax of .75 Note: If the estimated value of the property is 0.00, you will only see a value of .75 on the property column. 3 — (Total Property Value) The total value is subtracted from the first item, Frisco, TX and added to the second item, Frisco County. (Frisco Area is a little over 1 square mile, so the second item is multiplied by 7.33%) (Note there are a couple of other items used in the calculation. The first is Frisco's rate of sales tax) 4 — (Total Property Value) The total value of property is subtracted from the first two items, Frisco TX and Frisco County and added to the third item, Frisco County.
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