The Knox Street Public Improvement District (KSPID) was created by the Dallas City Council on June 23, 2010, and renewed in 2017 and 2022. The KSPID consists of approximately 57 properties and is home to many well known retail shops, restaurants and bars. The KSPID started operating from January 1, 2011, and is managed by Knox Street Improvement District Corporation. The general nature of service and improvements that will be provided by the KSPID are to enhance security and public safety, maintenance, marketing and promotion and other services and activities approved by the Dallas City Council.
The current KSPID term runs until December 31, 2032, with annual budget and assessment rate subject to a public hearing and Dallas City Council approval.
The costs of the services and improvements by the Knox Street Public Improvement District (District) will be paid primarily by special assessment against properties in the District. Annual assessments are based on the total value of real property and real property improvements as determined by the Dallas Central Appraisal District.
The District’s proposed assessment rate for 2023 is $0.15 per $100 of appraised value. Once levied, this assessment rate shall not increase during the 2024 Service Plan year.
The City of Dallas is not responsible for payment of assessments against exempt City property in the District because City right-of-way, railroad right-of-way, City parks and cemeteries are not specially benefitted. Payment of assessments by other tax-exempt jurisdictions and entities must be established by contract.