The 2017-18 fiscal year will be the 8th year the Town has assessed a property tax. The ad valorem tax rate of $0.13615 for the Town of Westlake continues to be the lowest for municipalities in the immediate area.
FY 2017-18 adopted ad valorem tax rate per $100 of assessed valuation is lower than the 2016-2017 tax rate of $.13695. This adopted rate is the calculated effective rate of $0.13615.
As a reminder, the effective tax rate is the total tax rate calculated to raise the same amount of property tax revenue for the Town from the same properties in both the 2017 tax year and the 2018 tax year.