The North Lake Highlands Public Improvement District (PID) was created in 2017 and starts operating on January 1, 2018. The PID serves to enhance security and public safety, capital improvements, improvement of common areas, landscaping, trash/litter removal, graffiti control, marketing and promotional activities, distinctive lighting and signage, business development and recruitment to promote the area, and related expenses incurred in establishing, administering and operating the PID. The Lake Highlands Improvement District Corporation manages this PID, as well as the Lake Highlands PID.
This PID terms runs until December 31, 2024 with the annual budget and assessment rate subject to a public hearing and City Council approval.
The assessment rate for 2019 is $0.12 per $100.00 of appraised value. The assessment shall apportion the costs each year among the property owners on the basis of special benefits accruing to the property. The proposed method of assessment, which may specify included or excluded classes of assessable property, shall be assessed according to the value of the real property and real property improvements as determined by the Dallas Central Appraisal District (DCAD). Once levied, this assessment apportionment shall not increase during the 2019 service plan year.
The real property of jurisdictions and entities that have obtained an exemption from City of Dallas real property taxes pursuant to the Texas Property Code (except under the provisions of Sections 11.24 and 11.28 of the Property Tax Code) will not be subject to an assessment on that portion of the assessed value of the property exempt from City real property taxes.