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The Polo Ridge Tax Increment Reinvestment Zone (TIRZ) was created in December 2017 with a 31 year term, expiring on December 31, 2036. In April 2018, a Public Improvement Zone (PID) was created to be contiguous with the TIRZ. In 2019, both the TIRZ and PID acreage were reduced so that they both lie wholly within the Mesquite’s Extraterritorial Jurisdiction (ETJ) and encompass 805.79 acres. Development is underway, and when complete, will increase the appraised value of taxable real property in the Zone by more than $362 million and include 1,007 residential units. The development also plans to include an activity center, equestrian center, ponds and small lakes. The development is planned in six phases:
The anticipated taxable value of homes located on 1‐acre lots is $475,000, and for the 125‐foot width lots is $447,000. Anticipated value of 100‐foot lots is $437,000, $370,000 for 80‐foot lots and $285,000 for 60‐foot lots.
Mesquite Economic Development Offices
1515 N. Galloway
Mesquite, TX 75149
Ph: 972-216-6446
Hours
Monday - Friday
8 a.m. –5 p.m.