Lewisville
Politics
Southlake council approves mixed-use development with supermajority vote
A mixed-used development with an office building and housing was approved at the Southlake's City Council meeting on May 21. (Rendering courtesy city of Southlake) A mixed-use development near Carroll Avenue and Southlake Boulevard was approved with a supermajority vote by Southlake City Council during a meeting May 21. Council...
Flower Mound Council raises homestead exemption
The Flower Mound Town Council on Monday night voted unanimously to raise its homestead exemption in a continued effort to give a bit of property tax relief to town residents. The standard residential homestead ad valorem tax exemption was raised from 12.5% to 15%. The town tax rate will either stay the same or go down, as home appraisals and taxable values are continuing to rise. One council member pointed out that the raised exemption will give residents “a little bit of relief, and it’s not going to impact our budget” in the next fiscal year.
Denton’s proposed short-term rental regulations causing concern among landlords
J.P. Morgan calls short-term rentals an attractive investment with the potential for a greater cash flow based on the nightly rate and the number of bookings. Though the stereotype is people looking to party and bring crime to neighborhoods, short-term rental landlords in Denton claim that the clients are actually respectable people — professionals, graduate students and those who wish to visit family in places like Robson Ranch or enjoy Denton’s sights. They also contribute to the local economy.
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