In the pursuit of economic development, Red Oak has gained significant advantages by assessing our retail market in relation to the local demand. Having the right composition of retail firms maximizes our economic strength and growth by minimizing retail leakage.
Below is a breakdown of the Retail Market in the City of Red Oak. If you have any questions, please contact the Economic Development Corporation.
Red Oak's population continues to outpace the growth rate for the United States (4.5%), the State of Texas (12.3%), the Dallas-Fort Worth 16-County Region 7.9%), and Ellis County (10.3%).
The City of Red Oak adopted a tax rate that will raise more taxes for maintenance and operations than last year's tax rate. The tax rate will effectively be raised by 5.38 percent and will raise taxes for maintenance and operations on a $100,000 home by approximately $-40.57.