Downtown Killeen is located in Tax Increment Reinvestment Zone (TIRZ) Number Two. The TIRZ Number Two is a designated area in the City that implements tax increment financing. This enables local economic development officials to collect the property tax revenue attributable to the increased assessed value resulting from new investments within the zone. The new revenue can be used to pay for redevelopment, infrastructure, and other community-improvement projects.
Tax Increment Reinvestment Zone Number Two Board Members: