Page 28 - FY2020Colleyville

Colleyville takes pride in its atmosphere of friendliness and having a close-knit community.
While maintaining its rural feel, the City still provides many modern amenities and quality
services for its residents. Stores such as Whole Foods and Market Street promote a healthy
lifestyle within the community, along with many other stores and restaurants that are open
in the City. Throughout Colleyville there are many local businesses that provide exceptional
services for every need, and upscale retail alongside extraordinary residential areas draw
people to the City.

FY2020 Property Tax Rate Comparison

$0.700000
$0.597299
$0.600000 $0.569000 $0.572000

$0.500000 $0.462500
$0.399900 $0.410000
$0.400000
$0.306807
$0.284271
$0.300000
$0.200000

$0.100000
$0.000000
Grapevine Colleyville Keller Southlake Euless Bedford North Hurst
Richland Hills

Colleyville residents are able to enjoy one of the lowest tax rates in the area at $0.306807.
Compared to the surrounding cities, Colleyville has the second lowest tax rate. The only city
with a lower tax rate, Grapevine, has a larger sales tax revenue and tax base, which allows
for the lower property tax rate.

The City of Colleyville is currently
undergoing an exciting transformation
as well. In 2017, the Texas
Department of Transformation began a
$38 million road reconstruction and
expansion of the main commercial
corridor of the City of Colleyville, State
Highway 26. The project spans 3 miles
and includes full reconstruction from
four lanes to six with a landscaped
median. The City of Colleyville is
contributing $8 million to enhance the
landscaping, lighting, and other
pedestrian elements. The SH26
reconstruction project is estimated to complete in spring of 2020. The City is committed to
this development to better reflect the pride and compassion the community shares and
embrace a level of excellence that is unique to Colleyville.

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