Live in Prestonwood

Prestonwood is the far-north subdivision east of Preston Road, and this guide takes it as the City draws its public improvement district: about 386 acres from Arapaho Road north almost to Keller Springs Road, with Preston Road on the west and residential streets and lot lines on the east, holding about 1,031 residential properties by the City's count. The homeowners association that runs the district says it has served the neighborhood since 1976, and the census survey dates 91% of the homes in the two block groups over it to the 1970s and 1980s, in about equal halves. The appraisal district's 2026 roll counts 979 single-family parcels on a median lot of 9,841 square feet, the middle half between 8,656 and 12,542, and almost nothing else. This guide has not found a source that names the developer or the year the first sections were platted.

The school line is the tax line, and it is not Dallas ISD's. Every one of the 992 coded accounts inside the district is in the City of Dallas and in Richardson ISD, and the Census Bureau's map puts all 386 acres on the Richardson side. The appraisal district's table gives Richardson ISD a 2025 rate of 1.1052 per $100, the same as in 2024, against Dallas ISD's 0.993835. The two take the same homestead exemptions, the state's $140,000 and a further 10%, but Richardson ISD's exemption for owners aged 65 or older or disabled is $60,000, the state's minimum, where Dallas ISD's is $95,000.

Worked out for this address, the bill runs above the city's. Zillow's typical home in ZIP code 75248, which covers about twelve times the district, was $630,104 in August 2026, up 2.3% on the year, against a citywide MLS median single-family sale of $469,900, down 6.0%. On the 2025 rates a homestead at Zillow's figure owes Dallas County about $1,086, the City $3,523, Richardson ISD $4,720, Dallas College $537 and Parkland $1,069, or $10,935. The district's 8 cents per $100, charged on the whole appraised value with no exemption, adds about $504, for about $11,439 a year, 1.82% of the value. Without a homestead the five units come to about $14,732 before the assessment. At the same value a Dallas ISD address would owe about $476 less; the city's own arithmetic, on a Dallas ISD address, is on the Dallas page. Owners' own estimates in the census survey give block group medians of $656,700 and $768,600.

What the assessment buys is policing. The City established the district in 1997 and has renewed it to 31 December 2034. Its 2026 plan expects $708,965 in net assessments and puts $514,500, 86% of the spending, into public safety: officer pay, a bonus pool and a rented car. The association says this pays for a 24-hour Dallas Police presence on call for Prestonwood residents and calls the district the only wholly residential one in the city; this guide has not checked that claim. The sources count the homes differently: the City says about 1,031 properties, the association 1,032, the roll 979 houses.

The census found a district of owners. Its blocks held 2,777 people in 2020, 26% under 18; owners lived in 959 of the 994 occupied homes and 35 were rented. Belt Line Road is about 0.9 km south, where Prestonwood Town Center, the mall Hunt Properties opened in 1979, closed in 2000 and was demolished by 2004; an open-air center with a Walmart replaced it in 2006. The Town of Addison begins about 1 km west, the Dallas North Tollway runs about 1.6 km west, and Knoll Trail Station on DART's Silver Line opened about 1.2 km west on 25 October 2025, without a parking lot. The City's flood map puts about 12% of the district in the 1% annual chance zone, and 13 house lots have their center in it, most on Coolglen Drive and La Manga Drive.