Creekwalk Marketplace district proposes 12% property-tax levy increase
The proposed combined levy would rise to 69.471 mills, while projected property-tax revenue falls slightly as assessed valuation declines.
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The Creekwalk Marketplace Business Improvement District proposes raising its combined property-tax levy about 12% in 2027, to 69.471 mills from 61.999 mills. That would add about $7.47 per $1,000 of taxable assessed value for the district’s levy alone, assuming the property’s assessed value stays the same; actual bills also depend on assessed values and other taxing districts’ levies.
The district’s proposed operating plan and budget sets the 2027 operations-and-maintenance levy at 11.578 mills, up from 10.333, and the debt-service levy at 57.893 mills, up from 51.666. The budget projects property-tax revenue of $320,639, down $2,342 from 2026, as certified assessed valuation falls about 11%, from $5.21 million to $4.62 million.
The plan also budgets $5 million for capital projects, matched by $5 million in developer-advance revenue rather than bond proceeds. The advances are repayable when the district has legally available funds. The district says it does not intend to issue bonds in 2027 and has no remaining debt authorization.