Keller, TX designated an 800-acre area as a tax increment reinvestment zone for capital improvements

Keller, TX tax increment reinvestment zone

Keller City Council has designated an 800-acre area as a tax increment reinvestment zone (TIRZ). Any additional revenue from property tax above the baseline in the TIRZ will be diverted to a capital improvements fund through 2051. The goal of these capital improvements is to make the area more appealing to private investors. Once capital improvements in the area are complete, all property tax revenue in the area will return to the general fund.

KT

Keller, TX

Municipality in Texas

United States