Ad Valorem Taxes (Property Taxes)

Ad Valorem taxes are an existing funding source. Currently, 11.8 cents of every $100 of property value collected from property owners is currently going to pay off the debt incurred on previous street and drainage projects. As this old debt is paid off, the balance of funds from the 11.8 cents reserved by City Council via Drainage Utility Ordinance No. 2011‐254 will now go toward new street and drainage projects via Pay‐As‐You‐Go funding. As more debt is paid off – more cash projects will be funded.

DRAINAGE UTILITY CHARGE DEVELOPER IMPACT FEE AD VALOREM TAXES
(Property Taxes)		 THIRD-PARTY FUNDS
(Metro, TxDOT, Federal Grants)
To be used for: To be used for: To be used for: To be used for:
  • Drainage projects
  • Street projects that include drainage improvements
  • Operation & Maintenance for drainage infrastructure (ditch cleaning, re-grading etc.)
  • Expenses for administering the drainage charge
  • Drainage projects providing capacity to offset future development
  • Street projects providing added capacity for future development
  • Street projects with or without drainage improvements
  • Drainage projects
  • Traffic signalization projects
  • Sidewalk projects
  • Operation & Maintenance for streets, traffic & drainage
  • Street projects
  • Drainage projects
  • Operation & Maintenance for streets & traffic
  • Sidewalk projects
  • Hike & Bike Trails
  • Traffic signalization projects
  • Additional Uses