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What is a Public Improvement District (PID)?
A Public Improvement District is a special district created by a City or County under the authority of Chapter 372 of the Texas Local Code. The statute allows for a city or county to levy a special assessment against properties within the District to pay for improvements to the properties within the District.
What are PID Assessments?
PID Assessments are payments made to cover the costs associated with improvements and services in the District.There are 2 types of assessments in The Town of Trophy Club Public Improvement District #1 (The Highlands at Trophy Club). The first type of assessment is a fixed assessment that is allocated to each lot located within the District to pay for improvements that provide a special benefit to the properties within the District. The second type of assessment is an annual emergency services assessment that pays the District's proportionate share of fire services to the District.
What do the PID Assessments pay for?
The fixed assessments levied against properties in the Highlands PID pay for improvement to the properties that include: Roads, Water Distribution Lines, Wastewater Collection Lines, Drainage Improvements, Landscaping and Irrigation, Trails, Parks, Open Space, and Monuments and Entry Features.
How are the Assessments calculated?
Fixed assessments are based on size of the lots located within the District. The Annual Emergency Services Assessment is based on the appraised value of the lot and any improvements (just like a property tax).
How do residents pay their assessments?
PID Assessments can be paid in full at any time by contacting David Taussig & Associates, Inc. at 1-800-969-4382, or through annual installments in conjunction with your annual property taxes. The Town contracts with Denton County for annual collection, so residents may pay their annual PID Assessments along with there regular ad valorem tax payments.
How are the lot types determined?
Lot types are based on size:
- Lot Type 1- lots for single family dwellings with a minimum size of 12,000 square feet
- Lot Type 2- lots for single family dwellings with a minimum size of 10,000 square feet
- Lot Type 3- lots for single family dwellings with a minimum size of 8,400 square feet
- Lot Type 4- lots for single family dwellings with a minimum size of 7,200 square feet
- Lot Type 5 - lots for single family dwellings with a minimum size of 3,000 square feet