The Prestonwood Public Improvement District (PPID) was first established in 1997 and renewed in 2004 and 2011. The Prestonwood area consists of approximately 1,031 residential properties. The Prestonwood Homeowners Association manages the PID. The general nature of the service and improvements provided by the PID are to enhance security and other security related improvement and other activities that are approved by the Dallas City Council. The PID is managed by the Prestonwood Homeowners Association, a voluntary homeowners association.
The current PID term runs until December 31, 2018 with annual budget and assessment rate subject to a public hearing and City Council approval.
The 2016 assessment rate for the property in the Prestonwood PID is $0.08250 per $100.00 of value. Assessments will be carried out in accordance with procedures stipulated in Chapter 372 of the Texas Local Government Code.