What is a Metro District?

A Metro District (short for Metropolitan District) is a financing tool used by developers to fund new development and the necessary infrastructure to support that new development. In this system of financing, developers use bonds (an issuance of debt) to build new development and then impose a mill levy (property tax) on residents of the district to pay off those bonds. In this system of financing, only the residents of a Metro District pay an additional property tax for the development of the district, as opposed to all residents of the Town paying for new infrastructure.

Show All Answers

1. What is a Metro District?
2. What should I consider before buying a home in a Metro District?
3. How does a Metro District differ from an HOA?
4. How is a Metro District governed and can I be a part of governance in my Metro District?
5. Who approves a Metro District?
6. Who ensures transparency of a Metro District after it’s formed?