BY JACQUELYN BURRER
What it means
Looking ahead
Call or Text More than 81% of land in the town’s tollway dis- trict has an agricultural property tax exemption. “We actually get land back out of the [agricul- ture] exemption and onto the tax rolls,” Bristol said. “It is a very important thing in managing the entire tax base for our community.” 469.253.5105 NEW PATIENTS ALWAYS WELCOME Tubbs said Celina sees the tollway as the city’s “best chance” at o setting the residential tax base and relieving property tax burdens on residents. “The more that [commercial users are] paying, the less that the residents are paying,” Satarino said. “In reality, property values aren’t going to go down … so anything that the city can do to bring in commercial users to help balance that out, we see as a plus.” Similarly, Bristol said developing land in Prosper’s tollway district could also help ease resi- dents’ property taxes by removing the agricultural property tax exemption, which lowers a property’s taxable value based on what the land produces, not what the land is worth for sale.
Michael Rey, North Texas Tollway Authority media relations manager, said the tollway expansion to FM 428 is expected to open in late 2027. In Celina, local o cials have used the city’s tollway district standards in recent discussions, including the approval of the city’s rst car dealership. Similarly, Prosper o cials delayed several tollway- area proposals as council determines whether they align with the newly adopted standards. “We’re working simultaneously with the construction,” Prosper Town Manager Mario Canizares said. “When developers do come in, we have all the tools ready to use at our disposal that allows that quality development that the council and the community are really striving for.”
Prosper, Celina total taxable value
Prosper
Celina
+69.67%
$15B
+35.81%
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$10B
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$0
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*PROJECTED SOURCES: TOWN OF PROSPER, CITY OF CELINA COMMUNITY IMPACT
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