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 costs of the services and improvements by the North Lake Highlands Public Improvement District (District) will be paid primarily by special assessment against properties in the District. Annual assessments are based on the total value of real property and real property improvements as determined by the Dallas Central Appraisal District.
The District's proposed assessment rate for 2021 is $0.12 per $100 of appraised value. Once levied, this assessment rate shall not increase during the 2022 Service Plan year.
The City of Dallas is not responsible for payment of assessments against exempt City property in the District because City right-of-way, railroad right-of-way, parks and cemeteries are not specially benefitted. Payment of assessments by other tax-exempt jurisdictions and entities must be established by contract.