Page 119 - TownofWestlakeFY25BudgetOrd1005
P. 119
VALUATION
PROPERTY VALUES
The Town of Westlake does not appraise any property. The Tarrant Appraisal District and Denton Central
Appraisal District are responsible for the appraisal values, applied exemptions and abatements, and protests
for all real property, including business personal property, within the Town limits. The Town uses the
information provided to calculate the various required tax rates and determine the rate to levy.
APPRAISED VALUE VERSUS TAXABLE VALUE
The Town of Westlake’ s property values have increased over time. The difference between the appraised value
and the taxable value are the Town’s homestead and other exemptions.
Appraised vs. Taxable Values
3,500
3,300
3,000
3,160
2,954
2,500
2,563 2,460
2,000 2,205 2,254
2,164
1,820
1,500 1,640
1,000
500
0
2020 2021 2022 2023 2024
Appraised Taxable
Value provided by Tarrant & Denton Central Appraisal Districts from Tax Year 2020 – Tax Year 2024 in the millions
79
