Property Tax

The 2020-21 fiscal year will only be the 11th year the Town of Westlake has assessed a local property tax. The proposed 2020-21 ad valorem tax rate of $0.16788 per $100, for the Town would continue to be the one of the lowest for municipalities in the immediate area and Westlake will remain in the bottom third of ALL municipalities in the State.

The FY 2020-21 proposed ad valorem tax rate is equal to the no-new revenue rate and lower than the voter-approval tax rate. The proposed property tax rate is an increase of $0.0770. Additionally, the Town of Westlake has approved all allowable exemptions for our property owners with most categories set at their maximum.

If adopted, Westlake's proposed tax rate will raise more taxes for maintenance and operations (M&O) than last year's tax rate. The rate will effectively be raised by 9.05% and will raise taxes for maintenance and operations on a $100,000 home by approximately $10.37.

PROPOSED TAX RATE - $0.16788 per $100

PRECEDING YEAR'S TAX RATE - $0.16018 per $100

NO-NEW REVENUE TAX RATE - $0.16788 per $100

VOTER-APPROVAL TAX RATE - $0.18706 per $100

DE MINIMIS RATE - $0.34234 per $100

The no-new-revenue tax rate (formerly the effective tax rate) is the total tax rate needed to raise the same amount of property tax revenue for the Town of Westlake from the same properties in both the 2019 tax year and the 2020 tax year.

The voter-approval tax rate (formerly the rollback tax rate) is the highest tax rate that the Town of Westlake may adopt without holding an election to seek voter approval of the rate, unless the de minimis rate for the Town exceeds the voter-approval tax rate.

The de minimis rate is the rate equal to the sum of the no-new-revenue maintenance and operations (M&O) rate for the Town, the rate that will raise $500,000, and the current debt rate for the Town of Westlake.