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Staff reports preliminary Smith County tax values and next phases of local development
Summary
Staff reported preliminary tax values from Smith County showing $18 million in new construction added to the upcoming tax roll and briefed the commission on ongoing development activity including Park Meadows phases and several variances and a zoning change expected next month.
City staff told the Planning and Zoning Commission that preliminary tax values received from Smith County show $18 million in new construction added to the property tax roll for upcoming tax years.
The staff presentation included commentary that this figure was slightly higher than the most recent comparable figure; the transcript included both $18 million and $20 million figures in staff remarks, and staff characterized the trend as an increase from prior years.
Staff also reported active and planned development projects: inspections and additional infrastructure work are under way for Park Meadows and staff are reviewing plans and plats for the next phase; the planner said three variance cases and one zoning-change request are expected on the commission agenda next month. Staff asked commissioners to ensure a quorum for the busier agenda.
The planner said permit activity is expected to pick up as infrastructure projects move forward. No formal budget action or tax-rate decision was taken during the meeting; the tax figures were described as preliminary values received from Smith County.
