Trail Extension Under Consideration
Lantana’s developer, Republic Property Group, is looking into constructing an extension of the community’s hike and bike trail.
The proposed trail extension would run east from Stacee Lane behind the Isabel neighborhood and connect to Lantana Trail across from the entrance to Bandera.
The total cost of the project is estimated to be in the $150 to $175 thousand dollar range.
A task order was approved by the FWSD boards at their July meeting in order to get a better handle on the cost of the project and prepare it for bids.
Republic officials also announced that the hike and bike trail connection on Lantana Trail that was removed due to construction of Bellaire Phase II has been rebuilt and now connects to the south side of the new Canyon Crossing Road extension.
Taxable Value Increases
Initial certified property tax values in Lantana increased 6 percent over last year’s certified rolls. The increase was driven primarily by new construction.
Lantana’s total assessed property value is $802,020,652, according to the county tax assessor/collector’s office. A majority of the total lies in Fresh Water Supply District #6, which began development before Fresh Water Supply District #7.
The numbers are subject to change until the actual bills go out in October due to pending appeals from property owners, according to Richard Harned, controller for the districts.
The district’s current tax rate of $1.00 per $100 of property value is expected to remain unchanged.
Development Watch
Lantana had 2,551 occupied homes as of July 27, with an estimated population of 8,291.
