Tax Increment Reinvestment Zone (TIRZ)

What is the TIRZ #2?

The Tax Increment Reinvestment Zone (TIRZ) Number Two is a designated area in the City that implements tax increment financing (TIRZ Number Two Map). 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 to be used for community improvement projects. The City of Killeen, Bell County and Central Texas College all contribute to the TIRZ #2 funds, with 100% of real property values within the boundary.

Contact Us

  1. Kate Kizito

    Downtown Revitalization Director
    Email Kate Kizito
    Phone: 254-501-7645

Exhibit A - Boundary Map (002) Opens in new window

Documents

  1. Economic Development Policy (PDF)
  2. Market Feasability Study (PDF)
  3. TIRZ 2 Ordinance (PDF)

The TIRZ #2 Board is made up of seven (7) members representing the City of Killeen, Bell County, and Central Texas College.
Councilman Ramon Alvarez
Councilwoman Jessica Gonzalez
Tad Dorroh- Killeen City Representative
Commissioner Louie Minor-Bell County Representative
Commissioner Bobby Whitson- Bell County Representative
Rex Weaver- Central Texas College Representative
Vacant- City of Killeen Representative

TIRZ #2 Project and Financing Plan 

TIRZ2

The TIRZ board sets the project plan and financing plan for the life of the TIRZ. The current TIRZ expires in 2048. The estimated value of the TIRZ #2 for the lifetime is $160 million.

Recent Projects approved by the TIRZ #2

Rancier Corridor Redevelopment
Downtown Facade Grant Program
Anthem Park Development