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TIRZ No. 2 accepts annual report showing zero taxable increment for fiscal 2425
Summary
Flower Mound’s TIRZ No. 2 accepted its fiscal year 2425 annual report; staff said an approximate $5.2 million decline in assessed value—driven by two properties—resulted in no taxable increment to report for 2425.
Town staff presented the TIRZ No. 2 annual report for fiscal year 2425 and the board unanimously accepted the report after brief discussion.
Lee Rodriguez told the board that as part of the annual process the town files the report with the Denton County comptroller and shares it with TIRZ boards. Staff said base-year values were established at about $32.2 million for the town and $32.9 million for the county. For fiscal 2425, staff reported an overall…
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