What’s a PID? Some quick tips for buying or selling a property in a Public Improvement District.

There's lots of things to consider when buying a new home,
one of them is if the home is in a PID district.

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.

Public Improvement Districts (PIDS)

Public Improvement Districts (PIDs) are created to help developers finance infrastructure in new communities such as roads, parks and other amenities.
Bonds are sold to finance these improvements and property owners are each assessed a portion of the bonds. This assessment is added to an owner's property tax bill and paid off over time.

Parcel Identifier (PIDThe Parcel Identifier (PID) is a nine digit number, unique to each property. This information appears on the Contract of Purchase and Sale,Property tax notice or on a State of Title Certificate.

Public Improvement Districts (PID)

A Public Improvement District is a defined geographical 
area established to provide specific types of improvements or maintenance 
which are financed by assessments against the property owners 
within the area. PIDs provide a development tool that allocates costs 
according to the benefits received.
A PID can provide a means to fund supplemental services 
and improvements to meet community needs 
which could not otherwise be constructed or provided.
Chapter 372 of the Texas Local Government Code authorizes the creation of PIDs 
by cities.The owners of the properties in the defined area can request the City to form a 
PID through a petition, which may include the establishment of an Advisory Body. 
With the establishment of an advisory body, the property owners within the 
PID have control over the types of improvements, level of 
maintenance, and amount of assessments to be levied against the property owners.
Texas authorized public improvement districts in 1987.
 A few examples of how neighborhoods and business districts have used them:
Grand Prairie
Westchester: Neighborhood entry point landscaping
Oak Hollow/Sheffield Village: Replace wood screening fences with new walls
wk: Maintain a neighborhood baseball field
Downtown: Security cameras and police bicycle patrols
Prestonwood: Round-the-clock security patrLandscaping, brick crosswalks and street lightingg
Lets talk about your plans to buy a new home 


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