| Homeowners

You may have heard the term Public Improvement District or PID and wondered “What is that?” or “How does that affect me?” Here are some facts about PIDs that may answer some of your questions!

What is a Public Improvement District?

 

A Public Improvement District (PID) is a designated area where property owners pay a special assessment for improvements and services within that area.The services must benefit the PID area, and are supplemental to services already provided by the city.

What Improvements can be provided in a Public Improvement District (PID)?

  • Landscaping and irrigation
  • Lighting and signs
  • Constructing or improving perimeter fencing
  • Constructing or improving side walks
  • Acquiring and installing pieces of art or decorations
  • Acquiring, constructing, or improving entry features
  • Establishing or improving parks (Owned and maintained by the PID/HOA)
  • Acquiring real property in connection with an authorized improvement
  • Using special supplemental services for improving and promoting the district, including service relating to advertising, promotion, public safety, security, development, recreation, and cultural enhancement
  • Paying expenses incurred in establishing, administering, and operating the district. (e.g. insurance, management)

What is the benefit of a Public Improvement District?

  1. A PID allows for improvements and a higher degree of maintenance within the PID area which presumable enhances the property values.
  2. With the establishment of an advisory body, the property owners within the PID have control over the types of improvements, level of maintenance, and amount of assessments to be levied against the property owners.
  3. Assessments are collected by the city’s tax collecting agent and are deposited into a specific PID fund. Revenue collection is simple since a homeowner’s association does not have to perform fee collection. This ensures a dependable revenue source for the PID. In most instances, mortgage companies pay PID assessments at the same time that ad valorem taxes are paid, as the assessment is included on the tax statement.
Where are PIDs in Amarillo, TX?