Page 93 - Ord 866 Adopting a revised Fiscal Year 17-18 and new proposed Fiscal Year 18-19 budget

Section 2 Financial Analysis
Property Tax Overview

Homestead Exemptions
The Westlake Town Council approved a homestead exemption of 20%, which is the maximum
amount allowed by the State of Texas.

Tax Freeze
The Town Council also approved a tax freeze for all residential accounts identified as over 65 by
the tax appraisal district. To learn more information about the tax freeze or find out if you qualify,
http://www.tad.org/
http://www.dentoncad.org/
please visit the following websites: Denton Central Appraisal District or Tarrant Appraisal District.
Jurisdictions - The Town of Westlake contracts with the Tarrant County Tax Assessor Collector’ s
Office to collect the Town’ s portion of local property tax. There are multiple taxing jurisdictions
within Westlake’ s boundaries; whether or not a business or residence is required to pay tax to a
particular jurisdiction is determined by where they are located within Westlake and the
boundaries of the respective taxing jurisdictions.

Currently, the following taxing jurisdictions collect property taxes in Westlake:
Independent School Districts; Carroll, Keller and Northwest
Tarrant County; College and Hospital
Denton County and Trophy Club MUD 1

Westlake residents can determine which taxing jurisdictions apply to their property as well as
obtain current property tax rate information by conducting a property search on the
http://www.dentoncad.org/
http://www.tad.org/
appropriate appraisal district website: Denton Central Appraisal District or Tarrant Appraisal
http://
District.
www.t
Direct and Overlapping Property Tax Rate
ad.org
Source: 2017 Town of Westlake Audit
/
2013 2014 2015 2016 2017
Ad Valorem Property Tax
General Fund $ 0.14197 $ 0.13888 $ 0.13710 $ 0.13710 $ 0.12882
Debt Service Fund 0.01487 0.01796 0.01924 0.01924 0.00813
SUB- TOTAL DIRECT 0.15684 0.15684 0.15634 0.15634 0.13695

School Districts
Carroll ISD 1.40000 1.40000 1.40000 1.40000 1.39000
Northwest ISD 1.37500 1.45250 1.45250 1.45250 1.45250
Keller ISD 1.54000 1.54000 1.54000 1.54000 1.52000

Counties
Denton County 0.28287 0.28491 0.27220 0.27220 0.24841
Tarrant County 0.26400 0.26400 0.26400 0.26400 0.25400

Other
Tarrant College 0.14897 0.14950 0.14950 0.14950 0.14473
Tarrant Hospital 0.22790 0.22790 0.22790 0.22790 0.22790
Trophy Club Mud #1 0.13339 0.13339 0.13339 0.13339 1.12722

SUB- TOTAL INDIRECT 5.37213 5.45220 5.43949 5.43949 6.36476

TOTAL $ 5.52897 $ 5.60904 $ 5.59583 $ 5.59583 $ 6.50171

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