Real Cost of Living in Highland Village on Lewisville Lake

Property Tax at Highland Village Price Points

Highland Village is served by Lewisville ISD and has a verified 2025 combined rate of 1.8047% -- higher than Flower Mound (1.6910%, also LISD) because Highland Village's city levy is 0.5010 per $100 vs Flower Mound's 0.3873. No MUD overlays in most of Highland Village, a meaningful advantage versus Little Elm's newer developments.

What makes Highland Village's tax bills the highest on the lake is not the rate -- it is the assessed values. The verified 1.8047% rate applied to Highland Village's premium values produces absolute bills above any other Lewisville Lake community:

• $700,000 non-waterfront home (HV, 1.8047%): ~$12,633/yr
• $900,000 water-view home (HV, 1.8047%): ~$16,242/yr
• $1,100,000 lakefront no boathouse (HV, 1.8047%): ~$19,852/yr
• $1,500,000 lakefront with boathouse (HV, 1.8047%): ~$27,071/yr
• $2,000,000+ premium waterfront (HV, 1.8047%): ~$36,094+/yr

The homestead exemption ($100,000 school district reduction) provides the same absolute dollar savings as in any LISD community -- approximately $1,120 per year in school taxes. On a $1.5 million lakefront home, the exemption saves 4.3% of the annual tax bill; on a $600,000 home elsewhere on the lake, it saves 10.9%. The exemption matters, but its proportional impact decreases at higher assessed values.

HOA Fees in Highland Village

Most Highland Village master-planned communities carry HOA fees ranging from $100 to $250 per month, covering common area maintenance, community amenity management (pools, tennis, fitness facilities), and architectural standards enforcement. The Pointe at Highland Shores, as a gated community with security personnel, may carry higher fees reflecting the additional management overhead.

Highland Village's HOA communities tend to have well-funded reserves by DFW standards -- the higher home values and engaged homeowner base in the city have generally supported adequate HOA reserve funding. This is meaningfully different from some newer suburban communities where underfunded HOA reserves represent a hidden financial liability. Request the full HOA financial statements during due diligence, but expect generally sound reserve positions in established Highland Village communities.

Insurance on the Southwest Shore

Highland Village's insurance landscape follows the lake-wide North Texas hail corridor reality -- wind and hail deductibles of 1% to 2% of dwelling coverage, elevated lakefront premiums. On a $1.1 million home with $1 million in dwelling coverage, a 2% hail deductible represents $20,000 out of pocket before insurance pays on a hail claim. This is a real and recurring risk in DFW that buyers at Highland Village price points must budget for specifically.

Flood zone exposure on the Highland Village southwest shore is generally favorable -- the Copperas Branch arm of the lake is relatively stable and most Highland Village properties sit above the typical flood contour. Verify the specific FEMA flood zone designation for any property of interest, but don't assume flood insurance is required based on lake proximity alone in this community.

The Boathouse Premium in Context

In a market where lakefront properties already command significant premiums over inland homes, boathouse-equipped properties in Highland Village represent one of the most concentrated value premiums on the lake. With no new docks ever possible, the existing boathouse inventory on the Highland Village shoreline is permanently fixed. Each boathouse property that sells reduces the available inventory further. Highland Village boathouse properties often attract multiple offers when they come to market and have historically been among the strongest performers in the Lewisville Lake market over time.

For buyers evaluating whether the boathouse premium is worth paying in Highland Village specifically: the combination of LISD schools (Marcus HS), the Shops at Highland Village proximity, the city's managed character and strong resale history, and the fixed boathouse inventory supply creates one of the most defensible value cases for premium pricing of any residential asset type in DFW. The right buyer for this asset is someone who plans to hold for 7 to 15 years or longer and wants the full combination of lifestyle, school quality, and community character -- not a short-term investor seeking quick appreciation.