Growth in southern Denton County continues to carry a significant portion of Denton County’s $63,594,000,000 in the certified net taxable property values in 2014.
Continued commercial and residential development in southwest Denton County as well as growth overall resulted in a 10.2 percent increase in assessed property values countywide from 2013, said Rudy Durham, chief appraiser with the Denton Central Appraisal District.
“This is a healthy increase,” he said. “Most value is in the southern portion of the county.”
The higher assessed property values are in the areas where a higher density of the county’s population exists, he said, particularly north of U.S. 380 — a fact that makes sense as businesses develop where the most people live.
Types of properties showing significant increases include both apartment complexes and businesses, Durham said.
“When shopping centers start filling in, you know the economy is good,” he said.
Areas seeing the highest increases include Lewisville and Northwest independent school districts as well as the portion of Frisco in Denton County.
Currently, Denton County includes 88 separate taxing jurisdictions, which includes not only cities and school districts, but also fresh water supply districts and the county’s first municipal management district west of Interstate 35W at FM 407.
The wide range of taxing jurisdictions in Denton County is similar to areas surrounding the Houston area, Durham said, including Fort Bend, Montgomery and Galveston counties, among others.
“It’s a way for development to go ahead and build,” he said, adding that often the neighboring municipalities do not have the available funds or infrastructure to handle significant housing developments, which then create their own districts and governance. In time, the developments often become part of the neighboring municipalities.
The 2014 certified next taxable property values for several communities in southern Denton County and the county seat, Denton, include:
Copper Canyon: $187,298,74
Double Oak: $368,305,010
Flower Mound: $7,750,521,738
Highland Village: $1,788,163,851
Lantana Fresh Water District No. 6: $623,596,684
Lantana Fresh Water District No. 7: $397,414,198