Page 32 - Colleyville FY21 Budget

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.

FY2021 Property Tax Rate Comparison

$0.700000
$0.625159
$0.600000 $0.569000 $0.575700

$0.500000 $0.462500
$0.395000 $0.405000
$0.400000
$0.304365
$0.282601
$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 $0.304365.
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 2020, the Texas
Department of Transformation
completed a $38 million road
reconstruction and expansion of the
main commercial corridor of the City of
Colleyville, State Highway 26. The
project spanned 3 miles and included
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, and will
always be committed to developments that reflect the level of pride, compassion, and
excellence that is unique to Colleyville.

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