Economic Development Metrics
The Department of Economic Development is committed to promoting high-quality development and renewed investment in Lewisville.
12 Month Delivered Commercial Square Footage
This metric subtracts the total demolished square footage from the total square footage completed in the past 365 days and includes both commercial alterations and new commercial development. The square footage in this calculation is based on active building permits that were closed in the last year. Permit activity fluctuates from year to year based on greater economic conditions and the timeline and review process of general development projects.
Under Construction Commercial Square Footage
Tax Increment Reinvestment Zones
A tax increment reinvestment zone (TIRZ) is an infrastructure financing tool made possible by Chapter 311 of the Texas Tax Code to assist cities in developing or redeveloping blighted and substandard areas. The purpose of the zone is to attract new investment. All taxes collected on new improvements (tax increments) are set aside in a fund to finance public improvements within the boundaries of the zone. Once all projects are completed, or after a defined period of time, the TIRZ is dissolved.
GOAL: To increase in tax value
Last Updated: August 2023
TIRZ #1
2022 Tax Value
$381,911,215
+ 42.8% from 2021 Tax Value
+ 451.6% from Base Tax Value
The Tax Increment Reinvestment Zone (TIRZ) was created in 2001
for the Old Town area.
TIRZ #2
2022 Tax Value
$259,007,885
- 2% from 2021 Tax Value
+ 2,747% from Base Tax Value
The Tax Increment Reinvestment Zone (TIRZ) #2 was created in 2008
for the NW corner of I-35 near SH-121.
TIRZ #3
2022 Tax Value
$936,068,816
+ 25% from 2021 Tax Value
+ 115.5% from Base Tax Value
The Tax Increment Reinvestment Zone (TIRZ) #3 was created in 2018
and encompasses Castle Hills Districts 1-G and 1-H.
TIRZ #4
2022 Tax Value
$183,093,888
+ 52.5% from 2021 Tax Value
+ 162.4% from Base Tax Value
The Tax Increment Reinvestment Zone (TIRZ) #4 was created in 2019
for the NE corner of McGee Ln and the Kansas City Southern Railroad.
Comparative Property Tax Rate - 2023
Low property taxes will long outlast any abatement or one-time incentive that can be offered by a municipality. With one of the lowest combined tax rates in DFW, Lewisville businesses can keep taxes low on their valuable improvements. Businesses and workers in Lewisville can keep more of their hard-earned money and prosper in a tax-friendly environment.
This chart is not exhaustive and may not include all taxes applicable to a specific property.
Source: Collin County, Dallas County, Denton County, Tarrant County
Last Updated: December 12, 2023
Market Potential Indices (MPI)
A Market Potential Index (MPI) is the ratio of the local consumption rate for a product or service relative to the US consumption rate for that product or service, multiplied by 100. In short, this index measures demand for a market.
If the index is greater than 100, then local demand for that market is higher than the national average.
If the index is less than 100, then local demand is lower than the national average.
Source: Esri Market Potential dataset, based on the MRI-Simmons consumer survey
Top Tapestry Segments
"Tapestry is a market segmentation system built from using a large, well-selected array of attributes of demographic and socioeconomic variables to identify numerous unique consumer markets throughout the United States. Neighborhoods with the most similar characteristics are grouped together, and neighborhoods showing divergent characteristics are separated." -- Esri
Source: Esri Tapestry Segmentation dataset
Last Updated: 12/1/2022
#1
#2
#3
Average Consumer Expenditures
The chart below shows the average annual expenditures of Lewisville households across various markets.
Quick Demographics
Source: Esri Community Profile Report, based on 2020 Census data
Estimated
Total
Population
Median
Resident
Age
Average Household Size
Median Household Income
Per
Capita
Income
Estimated
Daytime
Population
Lewisville Population Household Income
As seen in the chart to the left, slightly over half of Lewisville households earn more than $75,000 annually. A large proportion of higher-earning households can be indicative of the overall educational attainment of a population and the types of careers a population might have.
Source: Esri Community Profile Report
Educational Attainment
(Population Age 25+)
Over half of Lewisville residents aged 25+ have some degree of college education. A well-educated population can be indicative of a relatively higher-skilled, innovative workforce.
Source: Esri Community Profile Report
Lewisville's Top Ten Employers
The list to the left is maintained and updated by Economic Development staff annually for tracking purposes.
Source: Annual Compliance Reports, ReferenceUSA
Most metrics are updated daily