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Notice of 2021 Tax Rate Public Hearing
The Town of Westlake is proposing a tax rate of $0.016788 and a public hearing will be held regarding this rate on Sept 13, 2021. This rate is the same ad valorem rate adopted last year & staff's proposal is to maintain the same rate. The notice (click on link above) reads that we are increasing the tax rate and this verbiage is necessary as part of the Thttps://www.tml.org/DocumentCenter/View/1485/sb-2-qa_update_july-2021 that we hope you find helpful in understanding the intricacies of the ad valorem rate calculations. The increase referenced in the Notice is the difference between the calculated No-New-Revenue rate and our proposed/current tax rate, a difference or "increase" of $0.00042. We encourage you to review this notice and the other ad valorem information provided in the coming days on our website under the Finance Department / Property Tax tab.