Value per Acre
Responsible City Government
Status Indicators: Proceeding as Anticipated | Monitoring Progress | Reviewing for Improvement | Information Unavailable
Proceeding as Anticipated
Reviewing for Improvement
Please note that Q1, Q2, Q3, and Q4 refer to the first, second, third, and fourth quarters of the Fiscal Year. The City’s Fiscal Year runs from October 1st – September 30th and is denoted by FY. CY denotes Calendar Year.
The value per acre represents the net assessed value for FY 2019 of $16,183,080,324 and total acreage of 27,424, which results in a value per acre of $590,106.
The target for this measure is an increase in the net assessed value per acre in FY 2018, and is intended to reflect the aim of the City to increase the overall economic vitality of the community and its status as a desirable location to live, work, and play. Therefore, the target for FY 2019 was established based on the value per acre in 2018 - $587,025, which the measure surpassed by $3,081.
The 2019 tax roll was relatively flat due to the increase in the residential homestead exemption by 2% approved in June 2019.
The net assessed value of the City divided by the total acreage of the City, expressed as a number.
Formula for Net Assessed Value
(Total assessed value / Total acreage)
This measure is updated in the 4th quarter of each fiscal year, upon receipt of the certified tax roll.
Target is the previous year's actual.
Maintaining and developing a growing property value in the City ensures that Sugar Land remains a desirable place to live, work, and play. This comprehensively evaluates all land and amenities, from neighborhoods to business centers.