Property tax in Texas is a locally assessed and locally administered tax. There is no state property tax. Property tax brings in the most money of all taxes available to local government to pay for schools, roads, police and firemen, emergency response services, libraries, parks and other services provided by local government.

Texas offers a variety of partial or total (absolute) exemptions from appraised property values used to determine local property taxes. A partial exemption removes a percentage or a fixed dollar amount of a property’s value from taxation. A total (absolute) exemption excludes the entire property from taxation. Taxing units are mandated by the state to offer certain (mandatory) exemptions and have the option to decide locally on whether or not to offer others (local option).

Read More at http://comptroller.texas.gov/taxinfo/proptax/exemptions.html

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Lakeland Village Center Update – Bridgeland

THE HOWARD HUGHES CORPORATION® BREAKS GROUND ON LAKELAND VILLAGE CENTER,

FIRST COMMERCIAL DEVELOPMENT IN BRIDGELAND®

CVS/pharmacy® will Serve as Anchor of Highly-Anticipated Lakeland Village Center

Cypress, TX (June 15, 2015) – Executives from The Howard Hughes Corporation® (NYSE:HHC), Bridgeland® and The Woodlands® Development Company broke ground today on Lakeland Village Center in which CVS/pharmacy® will be the anchor retail tenant. LakelandVillage Center is the first commercial development in Bridgeland, an award-winning master-planned community in Cypress.

Set on 20 acres along Fry Road, Lakeland Village Center will include 84,000 square feet of mixed-use development in Phase One consisting of retail, restaurants, and professional and medical offices. The center will feature abundant landscaping, views of two bordering lakes and expansive sidewalks. The contractor for the project is VCC, LLC. Completion of Phase One of Lakeland Village Center is slated for spring 2016.

Lakeland Village Center is within walking distance for residents of Lakeland Heights®, a traditional neighborhood development in Bridgeland, and provides easy accessibility for those in the remaining enclaves of Lakeland Village, the first of four villages planned for the community.

“We are excited to announce Lakeland Village Center as the inaugural commercial venture in Bridgeland. The new village can be accessed through Fry Road and is in close proximity to the Grand Parkway and Highway 290,” said Paul Layne, Executive Vice President of Master Planned Communities for The Howard Hughes Corporation. “Having CVS/pharmacy as the anchor will offer even more convenience to residents and nearby communities.”

The 15,300-square-foot CVS/pharmacy will feature a drive-thru pharmacy along with a wide assortment of health, beauty and personal care products and best in class pharmacy care. Construction is expected to begin in mid-July of this year, and the store is scheduled to open in early 2016. Genesis Design Group is the Architect for CVS/pharmacy.

“We are pleased that our next Cypress store will be part of Lakeland Village Center,” said Roger Francis, Area Vice President of CVS/pharmacy in Texas. “We are looking forward to joining this exciting development and bringing our pharmacy products and services to the Bridgeland community to help them on their path to better health.”

First Hartford Realty-Preferred Developer represented CVS/pharmacy®. Rip Reynolds, Director of Leasing & Commercial Land for The Howard Hughes Corporation, and the J. Beard Real Estate Company represented Bridgeland in the lease transaction. Both Rip Reynolds and Zak Hudnall, Leasing Associate for The Woodlands Development Company, handle leasing for Lakeland Village Center.

“The debut of Lakeland Village Center and CVS/pharmacy really solidifies the Main Street concept we envisioned for the first commercial site in Bridgeland,” said Peter Houghton, Vice President of Master Planned Communities for Bridgeland. “Bridgeland’s walkability and easily accessible amenities are distinguishing features of the community, and we’re excited to see Lakeland Village Center further that precedent.”

 

Please click HERE to visit the Bridgeland Community Associations web site.[/vc_column_text][/vc_column][/vc_row]

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Birds-Eye View of Bridgeland’s Newest Neighborhood

Bridgeland continues its westward expansion.  At the same time the developers respect the wildlife that have been calling this their home for many years…

“Developers started with a land plan that embraced the bountiful natural environment. Bridgeland is located along the eastern boundaries of the Katy Prairie, an environmental gem that has provided refuge and foraging areas for more than 300 species of resident and migratory birds, mammals, reptiles and amphibians. Bridgeland developers worked carefully to protect the valuable land, including the historical Cypress Creek Corridor, a substantial creek system that runs along Bridgeland’s northern boundaries. Careful planning has not only preserved these natural attributes, but also revived the areas through thoughtful development of amenities such as the Cypress Creek Nature Trail. The first 1.5 miles of the nature trail opened in 2008. An additional mile opened this year.  Upon completion, the trail will stretch for 6 miles.” – http://www.bridgelandlife.com/

A special thanks to Mike McCurdy for the use of his video …   You’ll see more videos from  Mike in posts to come!