The Taylor Tax Increment Reinvestment Zone (TIRZ) District #1 was created by Ordinance 2005-9 on June 28, 2005. The Interlocal Agreement with Williamson County was finalized by the County Commissioners on October 25, 2005. The base year for the TIRZ District is January 1, 2005.
The zone consists of 128 acres. It is generally located in Taylor’s Downtown area. However, approximately 40 percent of the district is south of the Union Pacific Railroad.
The Taylor TIRZ District #1 is governed by an Advisory Board and the City Council. The Advisory Board consists of the Main Street Advisory Board and an appointee from both the Taylor Independent School District and the County. The TIRZ District #1 Advisory Board is responsible for reviewing information and providing recommendations to the City Council.