Page 37 - City of Colleyville FY22 Adopted 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.

FY2022 Property Tax Rate Comparison

$0.700000
$0.625159
$0.600000 $0.552000 $0.572184

$0.500000 $0.475000
$0.395000 $0.390000
$0.400000
$0.291778
$0.300000 $0.271811
$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 $0.271811.
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 contributed an additional $8
million to enhance the landscaping,
lighting, and other pedestrian elements.
The City is currently undergoing further
beautification improvements on SH26,
including the construction of two tower
elements located at the gateway into
Colleyville. Other notable improvements
slated within the next five years include
a widening of Glade Road and a
complete renovation of the City’s Senior
Center.

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