Page 33 - PowerPoint Presentation

TRENDS

PROPERTY TAX RATE
This year is the 12th year the Town of Westlake has assessed a local property tax.

PROPERTY TAX RATE PER $100 ASSESSED VALUATION

0.16010 0.15684 0.15684 0.15684 0.15634 0.15634 0.15600 0.16018 0.16788 0.16788
0.13695 0.13615

TAX RATE
FY 10/11 Actual FY 11/12 Actual FY 12/13 Actual FY 13/14 Actual

FY 14/15 Actual FY 15/16 Actual FY 16/17 Actual FY 17/18 Actual
FY 18/19 Actual FY 19/20 Actual FY 20/21 Actual FY 21/22 Proposed
The graph represents the historical tax rate for the Town of Westlake.

PROPERTY TAX RATE COMPARISON
The property tax rate of $0.16788 per $100 valuation for the Town continues to be one of the lowest
for municipalities in the immediate area and Westlake will remain in the bottom third of ALL
municipalities in the State.

PROPERTY TAX RATE COMPARISON

0.50000
0.44644
0.45000
0.40500 0.39990
0.40000 0.37512
0.35000 0.30680
0.30000 0.27181
0.25000 0.23000
0.20000 0.16788
0.15000
0.10000
0.05000
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Trophy Club Southlake Keller Roanoke Colleyville Grapevine Highland Wesklake
Park FY21/22
Proposed
Based on FY20/21 property tax rates for surrounding cities and Westlake’s FY21/22 proposed tax rate.

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