It’s easy to explain why buyers move out to Fairview and Lucas and even easier to explain why they buy into Lovejoy ISD. Quality of life, very low crime, low traffic, close city conveniences, quick access to major thoroughfares, trees, great schools, huge lots from an acre in size, and lots of room for kids to play.
It’s also easy to explain why those same buyers leave the area. I hear it all the time on listing appointments. It’s usually because the kids are through high school and the parents are tired of paying high city and school taxes.
New homes coming out of the ground in Fairview now average right at $1 million. This has become a very expensive and prestigious area to live. That can be viewed either as a good or bad thing depending on your point of view. It’s certainly not Highland Park, but it’s on it’s way if things keep progressing like this.
Here are a couple of tables created by Texas Scorecard illustrating how quickly both city and school property taxes have increased from 2013 to 2016.
This First Table Shows Increases in City Property Taxes
Fairview’s in the middle of the pack and Lucas, where we live, is near the bottom. So I’m loving that!