In real estate, the acronym PID stands for a Public Improvement District. Properties can come together to petition a city to create a PID, a Public Improvement District. When a PID is created, a city can provide additional services to the district including police services, street cleaning, and promotion. The city can charge an assessment on the property owners of that district to help pay for those additional services.
Listen in as Blake Bennett with Texas A&M Agrilife Extension Service explains what a PID is, what a PID does, and how it benefits you as a homeowner.